573 Aberdeen Avenue – Property Summary

1. Key Characteristics & Buyer Profile

This is a small, older home with a 601 sqft living area and a land size of 2,999 sqft, built in 1907. Its assessed value is $73,000. Across every measurement—living area, land area, year built, and assessed value—the property consistently ranks below average when compared to others on its street, in the William Whyte neighbourhood, and across Winnipeg. The one exception is its land area, which is roughly average for the street but still below average citywide.

The appeal here is not in size or modern updates, but in price point and potential. For a buyer looking for the lowest-cost entry into homeownership in Winnipeg, this property checks that box. Its assessed value is dramatically lower than the citywide average ($390k) and even the street average ($167k), making it one of the most affordable options available. The 1907 build date means it’s a century home, which may appeal to someone with the skills and budget for restoration, or to an investor comfortable with a long-term fixer-upper.

This property suits:

• First-time buyers with limited funds who are willing to take on renovation work
• Investors looking for a low-cost entry into a neighbourhood with potential for gradual appreciation
• Anyone who values a small footprint and lower property taxes over square footage

It is not suited for buyers needing move-in-ready condition, large living spaces, or a home that compares favourably to others in the area on paper. This is a bottom-of-the-market property in a neighbourhood that remains undervalued relative to the rest of the city.

2. Frequently Asked Questions

1. Why is the assessed value so low compared to other homes on the same street?

The property ranks 506th out of 520 homes on Aberdeen Avenue, meaning only 14 homes are valued lower. This likely reflects a combination of small living area, age, and potentially deferred maintenance or lack of major upgrades. The street average is $167k, so this home is valued at less than half that—an outlier even for a lower-priced block.

2. What does the "Top 99%" ranking for living area actually mean?

It means the property is in the bottom 1% of all comparable homes citywide for living area. Out of nearly 195,000 residential properties in Winnipeg, only about 1,700 have smaller living spaces. This is a very small home by any standard, even for a pre-war house.

3. Is the neighbourhood improving or declining?

William Whyte is a central Winnipeg neighbourhood with a mix of older housing stock and some recent infill. It has historically been lower-income, but its proximity to downtown and the North End means it sees periodic interest from investors and first-time buyers. The property's rankings suggest it's a neighbourhood where values have not kept pace with the city average, which can mean both risk and opportunity depending on your timeline.

4. Could this property be a good rental investment?

Potentially, but with caveats. The low purchase price could mean a solid cash-on-cash return if the property is rentable as-is or after modest repairs. However, the small square footage limits tenant appeal and rental income. A 600 sqft one-bedroom or bachelor unit would likely rent at the lower end of the market. Factor in age-related maintenance costs before projecting returns.

5. How should I interpret the "bar" rankings in the data?

The fill length of each bar shows what share of comparable homes you outperform. A short bar means you're near the bottom; a full bar means you're near the top. The colour tier (red, blue, amber, gray) gives a quick visual: red typically indicates a weak rank, blue or amber middling, and gray neutral or incomplete data. For this property, expect mostly red and shorter bars across all categories.