Property Overview: 554 Aberdeen Avenue
Key Characteristics & Buyer Profile
This 1909-built home in Winnipeg's William Whyte neighbourhood offers 716 square feet of living space on a 3,267-square-foot lot, with an assessed value of $124,000. Its strongest feature is the lot size: it ranks in the top 22% on Aberdeen Avenue for land area, meaning you're getting more outdoor space than most nearby homes. Living area is modest—in the bottom 15% on the street and among the smallest citywide—so interior space is not this property’s selling point.
The appeal lies in land-value potential and affordability. The assessed value sits well below the neighbourhood average ($149,100) and drastically below the citywide average ($390,100), making this entry-level territory. Buyers who prioritize a larger yard over square footage, or who see potential for future expansion or a garage, may find value here. It could also suit someone comfortable with an older home (built 1909) in a transitional neighbourhood, where prices are low relative to the rest of Winnipeg. This is not a turnkey, move-in-ready downtown starter for someone who needs modern finishes—it’s more of a bones-and-land play.
Five Possible FAQs
1. How does the maintenance outlook compare to newer homes?
Homes from 1909 often have older foundations, electrical, and plumbing systems. If these haven’t been updated recently, factor in significant work. The low assessed value may reflect deferred maintenance as much as the small living area.
2. Is the land large enough to subdivide?
At 3,267 square feet, the lot is typical for the neighbourhood and above-average for the street, but it’s not oversized by city standards. Subdivision would likely require variances and is unlikely without adjacent assembly. The value is more in extra yard space than development potential.
3. How do property taxes compare?
Assessed value at $124,000 is below both the street and neighbourhood averages, which typically means lower property taxes. Current mill rates in Winnipeg would apply, so a rough monthly figure can be calculated from the assessment, but it should be relatively manageable compared to citywide medians.
4. Who typically buys in William Whyte?
First-time buyers looking for low entry costs, investors seeking rental properties below citywide averages, and buyers willing to renovate in exchange for a larger lot than similarly priced inner-city homes. It’s a neighbourhood with varied housing stock and ongoing change.
5. What does the ranking data actually tell a buyer?
The property outperforms 78% of homes on its street for lot size but underperforms 85% for living area. Citywide, it’s in the bottom 4% for living area and bottom 1% for assessed value, but top 16% for lot size. These numbers suggest you’re paying mostly for land location, not house size or condition.