321 Aberdeen Avenue – Property Summary

Key Characteristics & Buyer Profile

This is a 1905-built home with 872 square feet of living space on a 2,999-square-foot lot. The assessed value is $102,000. In every category—size, land, age, and value—the property ranks below average compared to other homes on Aberdeen Avenue, within the William Whyte neighbourhood, and across Winnipeg. The one exception is land area on the street itself, which sits roughly in the middle.

Where this property's appeal lies is in price point. At $102,000 assessed, it falls in the bottom 1% city-wide for value, which means it is likely one of the more affordable options in Winnipeg. For a buyer who is willing to take on a project or who values low entry cost over modern finishes and square footage, this could be a practical starting point. The lot is modest but still offers outdoor space, and the home’s age means it may have original character (plaster, trim, layout) that appeals to someone interested in older homes.

This property would suit first-time buyers with a limited budget, investors looking for a low-cost entry into the William Whyte area, or renovators comfortable with an older structure. It is less suited to anyone seeking a move-in ready home or expecting average or above-average space for the city. The rankings make clear this is a below-median property in almost every respect—but that also means less competition and a lower barrier to purchase.

Frequently Asked Questions

1. How does the assessed value compare to similar homes in the area?
The assessed value of $102,000 is well below the street average of $167,700 and the neighbourhood average of $149,100. City-wide, it ranks in the bottom 1%, making it one of the most affordably assessed homes in Winnipeg.

2. Is the land size unusually small?
At 2,999 square feet, the lot is slightly smaller than the street average (3,265 sqft) and the neighbourhood average (3,277 sqft). Compared to the city-wide average of 6,570 sqft, it is significantly smaller, but that’s typical for older, closer-in neighbourhoods.

3. What does “below average” mean in the context of these rankings?
The rankings compare this property to other homes within the same street, neighbourhood, and city. “Below average” means it falls in the lower half (and often lower quarter) of those groups. For example, city-wide it ranks in the top 86% for living area—meaning 86% of homes have more square footage.

4. Is the 1905 build date a concern for renovation or insurance?
Homes from that era often have knob-and-tube wiring, lead paint, and potentially outdated plumbing or foundation work. Some insurers may require an electrical upgrade or inspection before providing coverage. A thorough home inspection is strongly recommended before purchase.

5. What kind of buyer typically targets a property like this?
The most common buyers are budget-conscious first-time homeowners, small-scale investors or flippers, and those who appreciate older homes and don’t mind doing work. The low value also makes it a candidate for cash buyers or those looking to minimize mortgage size.