364 Aberdeen Avenue – Property Summary

Key Characteristics & Buyer Profile

This is a small, older home on a generous lot in Winnipeg's William Whyte neighbourhood. The living area is 629 sqft—well below averages at every level (street, neighbourhood, and city). The house was built in 1909, which makes it older than most homes on the street and in the city overall, though it aligns reasonably with the neighbourhood's character. The assessed value is $73K, significantly lower than comparable properties across all scopes.

Where the property stands out is land. The lot is 3,265 sqft, putting it in the top 27% on Aberdeen Avenue and right at the neighbourhood average. Citywide, lots are much larger on average, but within this part of Winnipeg, the land size is competitive. The appeal here isn't the house itself—it's the combination of a low entry price, a solid-sized lot, and a location in an older, established area where many neighbouring properties have been updated or redeveloped.

This property would suit a buyer who is comfortable with a smaller living space or plans to renovate, expand, or build. It's not a turnkey family home. It may appeal to investors looking for a low-cost entry into a transitioning neighbourhood, or to someone who values outdoor space over interior square footage. Buyers should be prepared for the realities of a 1909 build—older systems, potential maintenance needs, and limited modern layout flexibility.

Frequently Asked Questions

1. How does the assessed value compare to what I might actually pay?
Assessed value ($73K) is a municipal estimate for property tax purposes, not a market price. In William Whyte, sale prices often vary widely depending on condition and recent renovations. This low assessment suggests the property is priced at the lower end of the market, but you should expect competition from investors and flippers who see potential in the lot size.

2. Is the small living area a dealbreaker, or can it be expanded?
At 629 sqft, the home is compact. Expansion is possible because the lot (3,265 sqft) is large enough to accommodate an addition or even a secondary dwelling, depending on zoning. That said, any structural changes will require permits and likely significant investment. Buyers should check local bylaws for setback and density restrictions.

3. What's the neighbourhood like, and is it improving?
William Whyte is an older, inner-city neighbourhood with a mix of original homes, recent infill, and some vacant lots. Citywide rankings for this property are low, but the area has seen gradual reinvestment. Proximity to amenities, transit, and the downtown core is a plus. The "Top 96%" ranking at the neighbourhood level means this property is among the smaller and lower-valued homes, not that the area is unsafe or undesirable—just that it's a more modest part of town.

4. Why is the land rank so much better than the living area rank?
That's the central trade-off of this property. On Aberdeen Avenue, the lot is above average (top 27%), while the living area is near the bottom (top 92%). This is common with older homes that were built modestly on larger plots. It means you're paying more for the land than the structure—something to consider if you value yard space or future development potential.

5. What should I look out for with a 1909-built home?
Beyond the obvious (aging electrical, plumbing, foundation, and insulation), pay attention to the layout: 1909 homes often have small rooms, limited closet space, and no open-concept flow. Check for knob-and-tube wiring, lead paint, and asbestos in older insulation or flooring. A thorough home inspection is essential. The good news is that many homes from this era were solidly built, and the lot gives you options if the house itself needs major work.