693 Aberdeen Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a compact, older home in Winnipeg’s William Whyte neighbourhood. At 840 square feet of living space, it’s smaller than most homes on its street, in the neighbourhood, and across the city. The lot is also on the smaller side at 2,998 square feet—well below the citywide average for comparable properties.
The home was built in 1910, meaning it’s older than roughly 70% of homes on Aberdeen Avenue and about 94% of homes citywide. That’s worth noting if you’re factoring in potential updates, insulation, or foundation work.
What stands out is the assessed value. At $159,000, this property is priced close to the street average and actually above the neighbourhood average of $149,100. Citywide, it falls in the bottom 4% for value—which makes sense given its size and age, but also means it’s one of the more affordable options in the broader market.
The appeal here is straightforward: it’s a low-entry-price property in a neighbourhood where values are roughly average relative to nearby homes. It’s not a stately character home or a oversized lot. It’s a modest, older house that could suit a first-time buyer looking for something affordable, someone willing to put in some sweat equity, or an investor after a lower-cost entry into the William Whyte area. Buyers should be realistic about the size and age—this isn’t a move-in-ready turnkey for a family needing space.
Five Possible FAQs
1. How does this home compare to others in William Whyte?
It’s smaller than most (840 sqft vs. a neighbourhood average of 1,158 sqft) and on a slightly smaller lot. But its assessed value is actually a bit above the neighbourhood average, suggesting the price reflects its condition or location within the area rather than being a discounted fixer-upper.
2. Is the 1910 construction a red flag?
Not necessarily, but it’s something to investigate. Homes from that era often have solid framing, but may need updated electrical, plumbing, or insulation. The ranking shows it’s older than most homes on the street and citywide—so while not unusual for the area, a pre-purchase inspection focusing on the foundation, roof, and mechanicals is worth the cost.
3. Why is the assessed value higher than the neighbourhood average if the home is smaller?
Assessed value considers more than just square footage—it also factors in condition, lot characteristics, and recent sales of comparable homes. Being above the neighbourhood average suggests this property may be in better shape than some nearby homes, or that its lot or location carries a slight premium.
4. How does the lot size affect usability?
At 2,998 sqft, the lot is about 9% smaller than the street average and half the citywide average. It’s enough for a small yard, maybe a garden or a patio, but don’t expect a large backyard or room for major additions. If outdoor space is a priority, this might feel tight.
5. Who typically buys in this price and size range?
First-time buyers, downsizers who want a low-maintenance footprint, or investors looking for rental properties in an older, established neighbourhood. Because it’s on the small side and older, it’s less likely to appeal to families looking for a long-term family home or someone seeking a modern open-concept layout.