607 Aberdeen Avenue — Property Summary

Key Characteristics & Buyer Profile

This is a compact, older home on a modest lot in Winnipeg’s William Whyte neighbourhood. The property was built around 1930, with a living area of roughly 1,025 square feet and a land area of 2,997 square feet. Its assessed value is $57,000, placing it well below average across its street, neighbourhood, and citywide comparisons—ranking in the bottom 1% at every level.

The appeal here is not in premium finishes, size, or curb appeal. It’s in entry-level affordability. For someone looking to get onto the property ladder in Winnipeg with minimal financial outlay, this is a candidate. The low land and building values may also appeal to investors or renovators interested in a lower-cost base for a future project, especially given the neighbourhood’s older housing stock and potential for long-term appreciation if area conditions improve. It would not suit buyers seeking move-in-ready space, a large yard, or a high-ranking street address.

Five Frequently Asked Questions

1. Why is the assessed value so much lower than the city average?
The citywide average for comparable homes in Winnipeg is around $390,000, while this property is assessed at $57,000. That gap is mostly due to the home’s age, small size, and location in a lower-valued neighbourhood. The assessment reflects local sales data and property condition assumptions, not necessarily the purchase price or renovation potential.

2. Is the land size considered small for the area?
Yes, but not extremely so. The lot is 2,997 square feet, which is below the street average of 3,265 sq ft and the neighbourhood average of 3,277 sq ft. Citywide, the average is much larger (6,570 sq ft), but that includes newer suburban lots. In William Whyte, many lots are compact, so this is typical for the immediate area.

3. What does “Top 99%” or “Top 100%” ranking mean for this property?
It means the home ranks in the lowest tier for assessed value and land size compared to other properties in its scope. For example, a “Top 99%” ranking indicates it outperforms only 1% of comparable homes (i.e., it’s near the bottom). This is a statistical way of showing how far below average the property sits relative to its peers.

4. Would this property be suitable for a first-time buyer on a tight budget?
Possibly, but with caveats. The low assessed value suggests a low purchase price, which could mean a manageable down payment and mortgage. However, older homes often require immediate or near-term repairs (roof, wiring, plumbing, insulation). A buyer should budget for inspection and potential upgrades, and consider whether the neighbourhood supports resale value down the line.

5. How does this property compare to other homes on Aberdeen Avenue?
It is below average in both assessed value and land area. Of the 520 comparable homes on the street, it ranks 514th in value and 440th in lot size. That means most other homes on the street are larger and valued higher, though the street itself has a relatively low average compared to the city as a whole. This property is one of the more affordable entries on its own block.