494 Aberdeen Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a 1,247 sqft single-family home built in 1913, located on Aberdeen Avenue in the William Whyte neighbourhood. The property sits on a 3,003 sqft lot and has an assessed value of $151,000.
What stands out: The living area is the property’s strongest feature. It ranks in the top 19% on the street and top 33% in the neighbourhood—meaning it offers noticeably more interior space than many nearby homes of similar age. The assessed value, however, is essentially at street and neighbourhood average, and well below the citywide median. That gap between livable square footage and valuation is worth noting: you’re getting above-average space without paying a premium for it.
Less obvious angle: The year built (1913) places it among older stock in the area, but not unusually so for this street. Older homes often come with solid framing, higher ceilings, and established landscaping—but also potential maintenance considerations. The modest land size (3,003 sqft, below city average) suggests a compact lot, typical of older urban infill; outdoor space is functional rather than expansive.
Who it suits: Buyers looking for a larger-than-average older home in a central Winnipeg neighbourhood, at a price point well below citywide averages. It may appeal to first-time buyers who want more square footage than typical starter homes, or to investors interested in a property where value may not yet reflect the interior space. Not ideal for those seeking a large yard or a newer build.
Frequently Asked Questions
1. How does the assessed value compare to similar homes nearby?
The assessed value is $151,000. On Aberdeen Avenue, the average for comparable homes is $167,700, so this property is around average for the street. In the William Whyte neighbourhood, it’s slightly above the average of $149,100. Citywide, it falls well below the median of $390,100.
2. What’s the condition of a home built in 1913?
The listing data doesn’t include condition details. Homes from 1913 typically have plaster walls, thicker baseboards, and may have been updated piecemeal over the years. Buyers should budget for a thorough home inspection and be aware that systems (electrical, plumbing, insulation) may need attention.
3. How does the lot size compare to other homes in the city?
The 3,003 sqft lot is around average for the street and neighbourhood, but ranks in the bottom 11% citywide. Many Winnipeg homes—especially in newer suburbs—sit on lots double that size. If a large garden or future addition is a priority, this lot is on the smaller side.
4. Why is the citywide assessed value so much higher than this property’s?
The citywide average assessed value includes many newer, larger homes in higher-priced areas. This property’s age, location in an older central neighbourhood, and smaller land size all contribute to its lower valuation. The ranking (top 97% citywide) simply means it’s among the more affordable properties in Winnipeg.
5. Is this considered a good investment?
That depends on your goals. The living area is well above average for the street, but the assessed value hasn’t caught up—suggesting potential for value growth if the neighbourhood appreciates or if renovations are done. However, older homes can have higher ongoing costs. It’s less likely to be a short-term flip and more of a longer-term hold or a home to live in while building equity.