374 Aberdeen Avenue – Property Summary

Key Characteristics & Buyer Profile

This is a 1905 home with 636 square feet of living space on a 3,265-square-foot lot. The assessed value is $131,000.

The property’s main appeal lies in its land. The lot is larger than average for its street (top 27%) and roughly average for the neighbourhood, which gives it more outdoor space than many comparable homes in the area. The house itself is small, even by older-home standards—square footage ranks in the bottom 1% citywide. The assessed value is modest, reflecting the home’s age and size, but it sits in a neighbourhood where values are generally lower than the city average, so it’s not out of step with its immediate surroundings.

This property would suit a buyer who values land over living space. It could work for someone looking for a starter home with room to expand, or for an investor or renovator who sees potential in the lot and is comfortable with a small, older structure. It’s less likely to appeal to anyone needing substantial interior square footage or a move-in-ready modern finish. The buyer should be realistic about the home’s age and limitations, but also recognize that the land is a relative asset in this context.

Frequently Asked Questions

1. Why is the living area so small compared to other homes nearby?
Homes on Aberdeen Avenue and in William Whyte average between 1,000 and 1,200 square feet, so this property is significantly below that. That’s partly due to its age (1905) and original design. Many houses from that era in the area were built as modest worker cottages. It’s not unusual for the street, but it is on the smaller end.

2. Is the assessed value of $131,000 a fair price?
It depends on your perspective. Relative to the neighbourhood, it’s around average, ranking in the top 65% on the street. Citywide, it’s very low (bottom 2%), but that’s because Winnipeg has many newer and larger homes. The value aligns with the home’s size and condition. It’s not overpriced for its context, but it reflects the property’s limitations.

3. How does the lot size compare to other properties in Winnipeg?
Citywide, this lot is on the smaller side (top 84%). But within its own street and neighbourhood, it’s above average or average. That means you get more yard space than most nearby homes, which is a genuine advantage in an area where lots are often quite similar. If outdoor space matters to you, this property stands out locally.

4. What should I know about a house built in 1905?
You should expect older systems, possible lead paint or asbestos in older finishes, and foundation or roof issues that are common for homes this age. On the plus side, many 1900s homes in this area have solid brick or wood frames and good bones if maintained. A thorough inspection is essential, and you should budget for updates to electrical, plumbing, and insulation.

5. Who typically buys homes like this in William Whyte?
First-time buyers with a renovation budget, investors looking for rental or flip opportunities, and people who want a larger lot without paying a premium for a bigger house. It’s not a typical family home for someone needing space right away, but it can be a smart entry point for someone willing to put in work over time.