560 Aberdeen Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a 1,152-square-foot home built in 1909 on a 3,267-square-foot lot in the William Whyte neighbourhood. Its appeal lies in a few specific advantages: the living area and land size both rank well above average on the street itself (top 29% and top 22%, respectively), meaning it offers more interior space and a wider lot than most neighbours. The assessed value sits at $128,000, which is roughly in line with the street average but well below the citywide median—reflecting the older housing stock and the area’s pricing relative to Winnipeg as a whole.
The property would suit a buyer who values space over modernity. The 1909 build means older construction, fewer contemporary finishes, and likely maintenance needs, but the living area is generous for the street and the lot is larger than typical for the area. It is not a turnkey home for someone seeking a recently updated property. Rather, it fits a buyer who is comfortable with an older house, wants a bit more square footage and yard than neighbours have, and is looking for an entry-level price point in a central neighbourhood. Comparatively, the home is older than most citywide (top 95% for age), so it may also appeal to those interested in character homes or willing to renovate.
Frequently Asked Questions
1. How does the size of this home compare to others in the area?
The living area (1,152 sqft) is above average on Aberdeen Avenue, where the typical home is about 1,025 sqft. Within the William Whyte neighbourhood, it’s around the middle. The lot (3,267 sqft) is also above average on the street but slightly below the citywide norm, where lots tend to be nearly double the size.
2. Why is the assessed value so low compared to the city average?
The $128,000 assessment reflects the neighbourhood’s older housing stock and lower overall market values. While it’s within a typical range for Aberdeen Avenue (street average is $167.7k), Winnipeg’s citywide average is $390.1k, driven by newer homes and higher-value areas. This property is priced accordingly for its location and age.
3. Is this a good investment property?
Potentially, but with caveats. The low purchase price and above-average living area and lot size on the street could appeal to renters or flippers. However, the 1909 build may have higher upkeep costs, and the neighbourhood’s ranking (top 55% for value) suggests modest appreciation compared to higher-ranked areas. A thorough inspection and local rental market check are recommended.
4. What does the year built (1909) mean for maintenance?
Older homes often have outdated electrical, plumbing, insulation, and foundation systems. While some have been updated, this one hasn’t been flagged as recently renovated. Buyers should budget for potential upgrades and verify the condition of the roof, windows, and mechanicals. On the plus side, older homes in this area sometimes have solid wood framing and mature landscaping.
5. How does this property rank against others on the street?
It ranks well for living area (top 29%) and land area (top 22%), meaning it’s among the bigger homes and lots on Aberdeen Avenue. For assessed value, it’s around average for the street (top 67%), and for age, it’s slightly older than the street average of 1930. Overall, it offers more physical space than most neighbours at a similar price point.