274 Aberdeen Avenue – Property Summary

Key Characteristics & Buyer Profile

This 1,319 sqft home, built in 1946, sits on a 3,263 sqft lot in the William Whyte neighbourhood. Its standout feature is value: assessed at $200,000, it’s priced well below the citywide average for comparable homes ($390,100), ranking in the bottom 8% citywide for assessed value. At the same time, it offers above-average living space compared to others on Aberdeen Avenue (top 16%) and in the neighbourhood (top 28%). The house is older than many citywide properties—though in line with the character of its street and area—and the land area is typical for the neighbourhood but smaller than citywide averages.

The appeal lies in the gap between its relatively spacious interior and its low assessed value, which suggests a property that may offer more square footage per dollar than many Winnipeg homes. This isn’t a flashy or recently renovated property; its strength is practical and financial. The home would suit buyers who are comfortable with an older house (built 1946) and are looking for value in an established, central neighbourhood rather than the newest suburban build. It’s a good fit for first-time buyers wanting more room than a starter condo, or for investors focused on entry-level rental properties where price per square foot is competitive.

Five Possible FAQs

1. How does the property’s assessed value compare to similar homes nearby?
The assessed value of $200,000 is above the average on Aberdeen Avenue ($167,700) and well above the neighbourhood average ($149,100). But citywide, it falls significantly below the average for comparable homes ($390,100), ranking near the bottom. So it’s a relatively high-value home within its immediate area but a low-value one relative to the rest of Winnipeg.

2. Is the house small compared to other homes in the city?
No, not really. At 1,319 sqft, it’s around average when compared to all comparable homes citywide (average 1,342 sqft). Its size stands out more on its own street and in the neighbourhood, where it ranks in the top 16% and top 28% respectively. You’re getting roughly typical citywide living space, but in a location where that amount of space is less common.

3. How does the land size affect the property’s value or usability?
The 3,263 sqft lot is almost exactly average for both the street and the neighbourhood, so it won’t feel small or large by local standards. However, it’s substantially smaller than the citywide average lot of 6,570 sqft, reflecting the older, more compact urban layout of William Whyte. This means less yard maintenance but also less space for additions or large gardens. It’s a typical city lot for a central Winnipeg home.

4. What does the year built (1946) mean in practical terms?
The house is newer than most on its street (average 1930) and in the neighbourhood (average 1927), but older than the citywide average for comparable homes (1966). A 1946 build often means solid mid-century construction, but systems (electric, plumbing, roof) may be approaching or past their typical lifespan. Buyers should budget for potential updates, though the house isn’t as old as many surrounding properties.

5. How should I interpret the “rankings” on the property report?
The rankings compare this home to “comparable homes” within each geographic scope—street, neighbourhood, and city. A top 16% rank on living area means it’s larger than 84% of comparable homes on Aberdeen Avenue. A top 92% rank on citywide assessed value means it’s less valuable than 92% of citywide comparables. The “average” listed is a rough median benchmark for that group, not the actual average sale price. These rankings are useful for relative positioning, not absolute worth.