287 Aberdeen Avenue – Property Summary

Key Characteristics & Buyer Profile

This is a 1,461 sqft home built in 1928 on a notably large 5,321 sqft lot in the William Whyte neighbourhood. The standout feature is the land: the lot ranks in the top 2% on the street and in the neighbourhood, meaning it’s substantially larger than most nearby properties. The living area is also well above average for the street and area—top 8% and top 18% respectively—though closer to the citywide average for homes of this type.

Where the property falls short is assessed value. It sits around average for the street and neighbourhood, but well below the citywide median. That gap likely reflects the home’s age and condition relative to newer or more renovated stock elsewhere in Winnipeg. The year built (1928) is typical for the area, but older than most homes citywide.

The appeal is straightforward: you get a house with decent interior space and a lot that’s unusually generous for the street and neighbourhood. This would suit buyers who value outdoor space—gardening, adding a garage, or future expansion—and who are comfortable with an older home that may need updates. It’s less suited for someone looking for a turnkey property or a high-value asset for resale in the short term. The combination of a large lot and an average assessment could also appeal to investors or flippers who see upside in the land itself.

Frequently Asked Questions

1. Is the house move-in ready, or does it need work?
The data doesn’t specify condition, but the relatively low assessed value compared to city averages, paired with the 1928 build date, suggests it may need updates. A home inspection would be essential before committing.

2. Why is the assessed value so low if the lot is so large?
Assessed value reflects the market’s view of the whole property—land plus building. A large lot in an older neighbourhood with an older home doesn’t automatically command a high value, especially if the house lacks modern finishes or systems. The citywide average includes newer, more expensive homes across Winnipeg.

3. What can I do with such a large lot in this neighbourhood?
That depends on zoning and city bylaws, but common options include building a garage, creating extensive gardens, or adding a secondary suite if permitted. The lot size offers flexibility many nearby properties lack.

4. How does this property compare to others currently for sale in William Whyte?
The land size is exceptional—top 2% in the area. Living area is also well above average. However, its assessed value is only around the neighbourhood median, so it may not be the priciest option despite having more space and land. It’s a value play for someone prioritizing square footage and yard over finishings.

5. Should I be concerned that it’s ranked low citywide for age and value?
Not necessarily. Older homes in central neighbourhoods will naturally rank lower citywide against newer suburban builds. The trade-off is location, lot size, and character. The low citywide ranking for assessed value could also mean the property is undervalued relative to its land, which might be a buying opportunity—but only if you’re prepared to maintain an older house.