383 Aberdeen Avenue – Property Summary
Key Characteristics & Buyer Fit
This is a 748 sqft home on a 2,999 sqft lot, built in 1905, with an assessed value of $184,000. Its standout feature is assessed value: it sits above the neighborhood average of $149,100 and ranks in the top 23% of homes in the William Whyte area. That suggests the property holds value relative to nearby homes, even though its living area and land size are both below local averages. The house is older than most in the area (top 91% on its street by age), which may mean original character or deferred maintenance depending on updates.
Where this property appeals is for a buyer who values lot-for-dollar or sees long-term potential in an older, compact home within an established neighborhood. The land-to-living-area ratio is tight, so it's not suited for someone seeking generous square footage or a large yard. The street-level ranking for assessed value is around average, but the neighborhood-level ranking is notably strong—this is a property that seems to perform better relative to immediate neighbors than it does on raw size metrics. It could suit a first-time buyer, an investor focused on value retention, or someone who prioritizes location over space.
FAQs
1. How does the living area compare to typical homes in the area?
At 748 sqft, it's significantly smaller than the street average of 1,025 sqft and the neighborhood average of 1,158 sqft. It's in the bottom 20% for living space on Aberdeen Avenue and the bottom 13% in William Whyte.
2. Why is the assessed value above the neighborhood average when the house is smaller?
Assessed value factors in more than square footage, including lot size, condition, location, and recent sales of comparable properties. This home's valuation suggests it holds value well relative to others in the area, possibly due to lot characteristics or its position within the street.
3. What does the "top 91% on the street" for year built mean in practical terms?
It means this home is older than about 90% of other properties on Aberdeen Avenue. Built in 1905, it's 25 years older than the street average (1930). This may come with original details like thicker framing or higher ceilings, but also potential for older systems and higher renovation costs.
4. How much land does the property include, and is that considered small?
The lot is 2,999 sqft. On the street, it's around average (top 56%). Citywide, it's much smaller than the average of 6,570 sqft—but that's typical for older, denser neighborhoods like William Whyte. It's not unusual for the area.
5. What kind of buyer would get the most out of this property?
Someone who values a compact, older home in a neighborhood where assessed values are competitive. It's less suited for a buyer seeking maximum living space or a large yard. A buyer who sees potential in updating a smaller footprint, or who wants to be in this specific part of Winnipeg without overpaying for square footage, would likely find this a good fit.