517 Aberdeen Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a newly built home (2020) in the William Whyte neighbourhood, offering a clear contrast to the area’s older housing stock—most properties on the street date from the 1930s. The living area is 1,054 square feet, which sits close to the street and neighbourhood averages. The real standout is the assessed value: $274,000, ranking in the top 8% on Aberdeen Avenue and top 3% in the neighbourhood. That means it’s valued significantly higher than nearby properties, likely due to its modern construction.
Where the property falls short is land area. At 2,999 square feet, it’s below the neighbourhood average (3,277 sqft) and well below the citywide average (6,570 sqft). The lot is compact, so outdoor space is limited. Citywide, the assessed value is in the bottom third, but that’s less relevant—this is a home that competes locally, not with suburban or luxury markets.
Appeal lies in the newness and efficiency. You get a 2020 build without needing major renovations, which is rare in this area. It suits buyers who prioritize a move-in-ready home with modern systems and finishes, and who are comfortable with a smaller lot. It’s less suited for someone wanting a large yard, a workshop, or a property with long-term land appreciation potential.
Frequently Asked Questions
1. Why is the assessed value so much higher than the neighbourhood average?
Because the home was built in 2020, while most surrounding houses date from the 1920s–1940s. New construction typically has a higher assessment due to current building standards, materials, and systems. Older homes in the area are often assessed lower, even if renovated.
2. How does the lot size compare to typical homes in Winnipeg?
It's below average. The citywide median lot is roughly double this size (6,570 sqft). Even within the neighbourhood, lots average 3,277 sqft. Expect minimal yard space—more of a compact urban plot than a suburban lot.
3. Who is this home’s target buyer?
First-time buyers looking for something newer without a premium downtown or suburban price tag. Also empty nesters or small families who don’t need a large yard and prefer lower maintenance. Investors might be interested in the relatively low citywide valuation paired with high local ranking.
4. How does the living area compare to other homes on the street?
It's slightly above the street average (1,025 sqft) but below the citywide average (1,342 sqft). It’s a comfortable size for a small household, but not spacious compared to newer suburban builds.
5. Is the high assessment a risk for property taxes?
Yes, in the sense that a higher assessed value generally means higher taxes. But since the assessment is relative—top 3% in the neighbourhood—your taxes will reflect that local premium, not a citywide luxury rate. It’s a trade-off: newer home, higher taxes, lower maintenance costs upfront.