500 Aberdeen Avenue – Property Summary

Key Characteristics & Ideal Buyer Profile

This is a compact 707 sqft home on a 3,003 sqft lot, built in 1937. Its standout feature is age: the house is older than most on its street (top 29%) and in the William Whyte neighbourhood (top 23%), which can appeal to buyers who value pre-war construction, established character, or a home that has weathered decades of Winnipeg’s climate. The assessed value sits at $105,000, well below street and neighbourhood averages, likely reflecting the smaller living area and modest lot size rather than any specific condition issue.

The property’s appeal is rooted in affordability and relative land value. While the living area ranks in the bottom tier city-wide (top 96%), the land area is closer to average for the street and neighbourhood. For a buyer, that can mean less competition for the structure itself and more focus on the lot or potential for future use. It may also suit someone looking to enter the market at a lower price point in an older, established area without paying a premium for square footage they don’t need.

Who it suits best: First-time buyers prioritizing location over size, investors or renovators interested in character homes on reasonably sized lots, or anyone comfortable with a smaller, older house in a neighbourhood with an established housing stock. It is less suited for buyers seeking a move-in-ready modern layout or large living spaces.

Frequently Asked Questions

1. How does the property’s size compare to typical homes in Winnipeg?
It’s considerably smaller. The living area is 707 sqft, which places it in the bottom 4% city-wide for comparable homes. The lot is also below average for the city (top 89%), though it sits near the median for the street and neighbourhood, so it’s not unusually small for the area.

2. Is the assessed value of $105,000 a sign of problems?
Not necessarily. The assessed value reflects market conditions and comparable sales, and here it aligns with the home’s smaller living area and below-average lot size relative to the city. It ranks low on the street (top 82%) and neighbourhood (top 73%), but that’s consistent with its physical dimensions rather than an indicator of hidden issues. Always get an inspection, but the data alone doesn’t signal red flags.

3. What does “Top 29% for year built” mean for maintenance?
It means the house is older than most in its immediate area. Pre-1940 homes often have solid framing, plaster walls, and sometimes lead paint or outdated wiring. You’ll likely face different maintenance priorities than a newer home—foundations, roof age, and insulation should be checked carefully. The upside is that older homes in this bracket often have more character and less cookie-cutter construction.

4. Is the lot size big enough for an addition or garage?
At 3,003 sqft, it’s typical for the block. That’s enough for a small detached garage or a modest rear addition, but zoning and setback rules would determine feasibility. The lot is not oversized by city standards, so any expansion would be modest. Check the city’s zoning for William Whyte to see what’s permitted.

5. How does this property compare to others currently listed in the area?
The data shows it’s priced below the average assessed value on its street ($167,700) and neighbourhood ($149,100). If you’re looking at active listings, this home will likely come in at a lower price point than many nearby options, but the trade-off is smaller living space. For a direct comparison, the “neighbourhood map analysis” link on the property page would show nearby houses on a map with their year built, size, and assessed values.