687 Aberdeen Avenue – Property Summary

Key Characteristics

This is a 484 sqft home on a 2,998 sqft lot, built in 1905, located in Winnipeg’s William Whyte neighbourhood. Its assessed value is $80,000.

The property ranks very low across all four metrics—living area, assessed value, year built, and land area—when compared to other homes on Aberdeen Avenue, within William Whyte, and across Winnipeg. On the street, it sits near the bottom for size and value. Within the neighbourhood, it falls in the bottom 25% or worse for every category. Citywide, it ranks in the bottom percentiles.

The appeal here is not in conventional metrics. This property suits buyers who are looking for an entry-level price point in a dense, older urban area, and who are comfortable with a small footprint and a structure that will likely need significant updating or redevelopment. It may also appeal to investors focused on land value in a neighbourhood that is still relatively affordable compared to the city at large. The lot, though small by suburban standards, is not unusually small for the area—it is closer to the neighbourhood average than the citywide one.

Frequently Asked Questions

1. Why is the assessed value so much lower than the neighbourhood average?
The assessed value reflects both the small living area and the age of the home. On a street where average assessed values are around $167,000 and the neighbourhood average is $149,000, this property’s $80,000 assessment places it well below typical comparables, likely due to the home’s limited square footage and condition.

2. Is the land size unusually small for the area?
Not especially. The lot is 2,998 sqft, while the neighbourhood average is 3,277 sqft. It sits slightly below average but is much closer to the local norm than to the citywide average of 6,570 sqft. This is a typical lot size for older, inner-city Winnipeg.

3. What year was the home built, and does that matter for insurance or renovations?
It was built in 1905, which places it among the older homes on the street and in the city. Older homes can mean higher insurance premiums, potential lead or asbestos concerns, and electrical or plumbing systems that may not meet current codes. Buyers should budget for a thorough inspection.

4. Who typically buys a property like this?
First-time buyers with a very limited budget who are willing to take on a fixer-upper, or investors looking for a low-cost entry into an established neighbourhood. It may also suit someone planning to demolish or significantly alter the structure, since the land value makes up a larger share of the total than for newer, larger homes.

5. How does this property compare to others on the same street?
It ranks near the bottom in living area (top 98% means 98% of homes on the street are larger), assessed value (top 94%), and year built (top 91%). On land area, it performs slightly better, ranking in the top 76% on the street. In short, it is one of the smallest, oldest, and least expensive homes on Aberdeen Avenue.