Property Overview

This one-and-a-half storey home on Aberdeen Avenue is a classic Winnipeg character property with notable potential. Built in 1907, it sits on a generously sized lot (nearly 3,000 sq ft) that ranks within the top 10% for the city, offering rare space for expansion or gardening in an urban setting. The home itself has a modest living area of 990 sq ft and includes a detached garage and an unrenovated basement. Its most striking feature is its assessed value of $80,000, which is exceptionally high for the William Whyte neighbourhood and suggests the city recognizes significant underlying value in the land or structure.

The appeal here is primarily for value-driven buyers: renovators, investors, or those seeking an affordable entry point into homeownership with a solid asset base. It suits someone comfortable with a project, whether that’s a live-in renovation or a strategic hold. A less obvious perspective is that the high assessment, while increasing property taxes, can sometimes facilitate better financing options from lenders who see confirmed asset value. The combination of a large lot in a central location and a sturdy, century-old frame presents a canvas for customization not easily found in newer subdivisions.

Frequently Asked Questions

1. Why is the assessed value so much higher than neighbouring homes?
This is the home's most distinctive feature. The $80,000 assessment is in the top tier for all of Winnipeg. It typically reflects the city's valuation of the land and structure combined, and in this case, likely signals that the large lot size and the solid building are seen as substantial assets compared to others in the area.

2. What should I budget beyond the purchase price?
Prospective buyers should immediately factor in property taxes, which will be based on the high assessed value. Additionally, budgeting for necessary updates is crucial, as the basement is noted as unrenovated and the home, given its age, may require modernizing of systems like wiring or plumbing.

3. Is the large lot a potential advantage?
Absolutely. The lot size is a key asset, ranking in the top 9% on its street. It offers outdoor space rare for the neighbourhood and provides long-term flexibility for additions, a large garden, or even future development potential, subject to zoning.

4. What is the neighbourhood like?
William Whyte is a central, established neighbourhood. The "Worth viewing" tags on similar nearby listings suggest it's an area where buyers can find value. As with any urban core neighbourhood, it's wise to research current community dynamics and visit at different times to get a full sense of the area.

5. How does the age of the home factor in?
Built in 1907, the home has character and likely solid construction, but it also means that maintenance and any renovations should be approached with an understanding of older building materials and methods. The unrenovated state means previous updates may be minimal, so a thorough inspection is essential.