548 Aberdeen Avenue – Property Summary

Key Characteristics & Buyer Profile

This is a 1905-built home with 1,536 square feet of living space on a notably large 4,901-square-foot lot. The living area is well above average for its street (top 5%) and neighbourhood (top 15%), while the lot size is among the largest on Aberdeen Avenue (top 4%) and in the William Whyte area (top 3%). The assessed value of $207,000 sits above local averages but well below the citywide median—meaning you get more space and land than what’s typical in the area, for a relatively modest tax base.

The appeal lies in the combination of generous interior space and a deep, wide lot, both of which are uncommon for this price point. The home’s age (over 115 years) places it among the older stock citywide, which can mean character details but also likely means systems and structure need attention. It’s not a turnkey property for someone seeking modern finishes or worry-free move-in. Instead, it suits buyers who value square footage and outdoor space over newness—renovators, those with a long-term view, or anyone looking to upsize in an established neighbourhood without jumping to pricier parts of town.

Five Possible FAQs

1. How does the property compare to others on Aberdeen Avenue?
It’s one of the largest homes on the street by living area (top 5%) and by lot size (top 4%), yet its assessed value is only somewhat above the street average. This suggests the interior and land are undervalued relative to neighbouring houses, possibly due to its age or condition.

2. What should I know about owning a house built in 1905?
Expect older construction methods (lath and plaster, knob-and-tube wiring or early electrical updates) and potentially original foundations. The year built places this home in the city’s oldest tier (top 98% citywide). A thorough home inspection focused on wiring, plumbing, and the foundation is strongly recommended. Character details like high ceilings and wood trim are likely, but so are ongoing maintenance surprises.

3. Is the assessed value a good indicator of market price?
Not directly. The assessed value of $207,000 is lower than the citywide average for comparable homes ($390,100), but this is typical for older properties in the William Whyte area. Market prices in this neighbourhood can vary significantly depending on renovations, condition, and recent sales. The large lot alone often commands a premium that assessments may not fully capture.

4. How does the lot size affect usability or future plans?
At 4,901 square feet, the lot is nearly 50% larger than the street average. Citywide, it lands around the middle, meaning it’s generous for the area but not oversized by suburban standards. This allows room for a garage, workshop, garden, or addition—but zoning and setback rules should be checked before assuming any specific use.

5. Who is the ideal buyer for this property?
Someone comfortable with an older home’s quirks and willing to invest time and money into updates. It’s less suited for first-time buyers seeking a low-maintenance starter home, and more appropriate for those who prioritize space—indoors and outdoors—over a “move-in ready” label. Buyers priced out of newer neighbourhoods but wanting more square footage will find this a compelling trade-off.