507 Aberdeen Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a 1,224 sqft home built in 1907, located on Aberdeen Avenue in the William Whyte neighbourhood. The property sits on a 2,998 sqft lot and has an assessed value of $153,000.
What stands out here is the living space. At 1,224 sqft, it's measurably larger than most homes on the same street, ranking in the top 21% locally. That extra square footage gives it a practical edge over the street average of 1,025 sqft—meaning more room without the premium of a bigger lot or newer construction.
The lot itself is on the smaller side, both compared to the street and the wider city. That’s typical for older inner-city properties, and it keeps the yard low-maintenance. The assessed value is near the neighbourhood average but far below the citywide median, which reflects the area’s more affordable price point. The home’s age (1907) means it’s one of the older properties in the city, but that’s common in this part of Winnipeg where pre-war housing stock dominates.
The appeal here is straightforward: decent interior square footage at a price point that undercuts much of the city. It’s not a showpiece or a renovation project for someone seeking a large lot. It suits buyers who want more indoor space than the typical starter home offers, are comfortable with an older house, and value being in a central neighbourhood where land is compact and prices are moderate. First-time buyers, downsizers looking for single-level living, or investors interested in a rentable asset in an established area would all find this property worth a look.
Frequently Asked Questions
1. How does the assessed value compare to similar homes nearby?
The assessed value of $153,000 sits slightly below the street average of $167,700 but above the neighbourhood average of $149,100. Citywide, it’s well below the median—this property falls in the bottom 3% of assessed values for all comparable homes in Winnipeg. That gap reflects the neighbourhood’s affordability more than the condition of the house itself.
2. Is the living area unusually large for a home this age?
Yes, relative to the street. Most homes on Aberdeen Avenue built around the same era average 1,025 sqft, so this one is about 200 sqft larger. That’s enough for an extra bedroom or a dedicated office space—something many pre-war houses in the area lack.
3. Why is the lot size considered below average?
The lot is 2,998 sqft, versus the street average of 3,265 sqft and a citywide average of 6,570 sqft. In older Winnipeg neighbourhoods like William Whyte, lots were often narrower and shallower. That’s standard for the area—it means less yard work and a more compact footprint, but also less room for additions or oversized garages.
4. What does the year built mean for maintenance or updates?
1907 puts this home in the oldest tier citywide. That typically means thicker plaster walls, solid wood framing, and potentially outdated electrical or plumbing. Buyers should budget for ongoing updates and check for knob-and-tube wiring or lead pipes. The upside: many homes of this vintage have been upgraded over time, and the bones are often sound if well-maintained.
5. Who would this property not suit?
Someone looking for a large yard, a modern open-concept layout, or a move-in-ready, low-upkeep property might want to look elsewhere. Also, because the land is small and the house is old, it may not appeal to buyers focused on maximizing resale value through a major renovation or redevelopment.