331 Aberdeen Avenue – Property Summary

Key Characteristics & Ideal Buyer Profile

This 1905 home offers 866 square feet of living space on a 2,999-square-foot lot. Its assessed value sits at $123,000. The property ranks below average across nearly every metric compared to its street, neighbourhood (William Whyte), and city-wide benchmarks. The living area is smaller than most comparable homes—roughly 16% below the neighbourhood average and 35% below the city average. The assessed value is particularly low relative to Winnipeg as a whole, ranking in the bottom 1% of comparable properties city-wide. The land area is also noticeably below the city average, though it falls closer to the middle of the pack on its own street. The year built (1905) places it among the older homes both locally and city-wide, ranking in the oldest 2% of comparable properties in Winnipeg.

The appeal here is straightforward: this is an entry-level price point in a neighbourhood where many homes cost more. A buyer who is handy, open to older construction, and not looking for turnkey condition could find value. It may also suit an investor seeking a lower-cost property in a transitioning area, provided they are comfortable with the renovation needs typical of a home over 115 years old. The trade-off is clear: lower purchase price against smaller size, older bones, and a lot that is modest by city standards. This property would not suit someone looking for move-in-ready space, modern finishes, or a large yard.

Frequently Asked Questions

1. How does the assessed value compare to similar homes on the street?
The assessed value of $123,000 is below the street average of $167,700, ranking 370th out of 520 homes. However, in the William Whyte neighbourhood, the property sits closer to average—ranking 1,014th out of 1,707 homes, with a neighbourhood average of $149,100. The biggest gap is city-wide, where the comparable home average is $390,100.

2. Is the living space unusually small?
Yes, but not extremely so for the street. The 866-square-foot living area is below the city average of 1,342 square feet and the neighbourhood average of 1,158 square feet, but it ranks around the middle on Aberdeen Avenue itself. About one-third of homes on the street are smaller.

3. What is the lot size, and is that typical for the area?
The land area is 2,999 square feet. This is slightly below the street average of 3,265 square feet and the neighbourhood average of 3,277 square feet. Compared to city-wide averages for similar homes (6,570 square feet), the lot is significantly smaller. The ranking on the street is near the middle (293rd out of 520), so lot sizes vary considerably along Aberdeen.

4. Should the age of the home (1905) be a concern?
It depends on your expectations. The home is older than most on the street (average year built: 1930) and much older than the city average for comparable homes (1966). This likely means older mechanical systems, possible foundation work, and fewer modern updates. A thorough inspection is strongly recommended. However, older homes in Winnipeg often have solid framing and character details that newer construction lacks.

5. Who typically buys homes like this in William Whyte?
First-time buyers with renovation skills, small-scale investors, and buyers priced out of more central or higher-ranked neighbourhoods. The area has seen gradual change, and properties at this price point tend to attract people willing to put in sweat equity. It is less common for families seeking larger homes or school catchment priority to target this segment of the market.