572 Aberdeen Avenue – Property Summary
Section 1: Key Characteristics & Buyer Profile
This is a 584 sqft home built in 1911, sitting on a generous 3,267 sqft lot in Winnipeg’s William Whyte neighbourhood. The property’s main draw is the land: its lot size ranks in the top 22% on the street and top 45% in the area, which is significant for a neighbourhood where most homes are on smaller parcels. The house itself is compact—well below average living area at every level—so the value here is in the outdoor space and development potential, not the interior square footage.
The assessed value is $79,000, which is roughly half the neighbourhood average and roughly a fifth of the citywide average for similar homes. This reflects both the modest size of the house and the neighbourhood’s pricing. The property is priced for someone who prioritizes land over house size, is comfortable with an older home (built 1911, around average for the street), and is willing to invest in upgrades or a rebuild. It would suit a buyer looking for an entry-level price point in Winnipeg, a hands-on renovator, or someone who wants a large lot in a mature neighbourhood without paying a premium for finished living space. It is less suited to someone seeking move-in-ready square footage or a home that matches citywide averages.
Section 2: Frequently Asked Questions
1. Why is the assessed value so low compared to the city average?
The $79,000 assessment reflects several factors: the home’s small living area (584 sqft), its age (1911), and its location in a neighbourhood where median values are around $149,000. Citywide averages are pulled up by newer, larger homes in higher-priced areas. This property’s assessment is consistent with its street and area rankings.
2. How does the lot size actually compare to other properties in the area?
At 3,267 sqft, the lot is above average for the street (top 22%) and roughly average for the neighbourhood. However, it is well below the citywide median of 6,570 sqft, so the land is generous for the immediate area but not unusually large by broader Winnipeg standards.
3. What is the condition of a home built in 1911?
The listing does not include condition details. However, homes of this vintage in William Whyte often have original character features, older mechanicals, and may need significant updates. It is assumed the property is sold as-is, and a thorough inspection is recommended.
4. Is the property a good candidate for renovation or redevelopment?
The large lot and low assessed value suggest potential. Zoning and development rules in William Whyte should be verified with the city, but a lot of this size could support an addition, a new home, or a secondary suite in some cases. The existing structure may be a candidate for a full gut renovation if the bones are sound.
5. How does the property compare to others listed on Aberdeen Avenue?
On this street, it ranks in the bottom 4% for assessed value and bottom 5% for living area, but in the top 22% for lot size. This makes it one of the smallest houses on a relatively large lot compared to its neighbours. The year built is typical for the street, which has many early 20th-century homes.