563 Aberdeen Avenue – Property Summary

Key Characteristics and Buyer Profile

This is a character home from 1910, offering 610 square feet of living space on a 2,999-square-foot lot. The property’s main draw is its affordability: the assessed value of $54,000 is dramatically below both the street average ($167,700) and the citywide average ($390,100), placing it in the bottom 1% citywide. That low price reflects the home’s modest size—about 40% smaller than the average home on Aberdeen Avenue and 55% smaller than the typical Winnipeg home—and its age relative to newer infill in the area. The year built is older than most on the street, but not unusual for the William Whyte neighbourhood, where many homes date to the 1920s.

The appeal here is straightforward: it’s an entry-level purchase with minimal financial risk. For someone willing to take on cosmetic updates or structural improvements, the gap between purchase price and neighbourhood averages suggests room for value growth over time. It would suit first-time buyers with renovation skills, investors looking for a low-cost rental or flip candidate, or anyone priced out of larger, newer homes in the city. The land area is close to the neighbourhood norm, so the site itself isn’t cramped—just the house footprint is small. That could be an advantage for someone wanting to expand later.

Possible FAQs

1. How does the assessed value compare to similar homes on the street?
The assessed value is $54,000, while the average on Aberdeen Avenue is $167,700. This puts it in the bottom 1% citywide—so it’s a significant outlier in terms of price point. The bar graph for assessed value shows a short red fill, indicating you outperform very few peers in that category.

2. Is the 610 sq. ft. living area typical for this neighbourhood?
No. The average living area in William Whyte is 1,158 sq. ft., and on Aberdeen Avenue it’s 1,025 sq. ft. The property ranks in the bottom 5–10% locally and bottom 1% citywide. This is one of the smallest homes in the area.

3. What does “Year Built 1910” mean for maintenance and updates?
At over 110 years old, the home likely has original construction features typical of the era: balloon framing, plaster walls, older electrical, and possibly knob-and-tube wiring or lead pipes. Buyers should budget for a full inspection of the foundation, roof, furnace, and plumbing. It’s older than the street average (1930) and well below the citywide average (1966), so it may require more upkeep than a newer build.

4. How do the ranking bars work, and what do the colors mean?
The bar’s fill length shows the share of comparable homes you outperform for that metric. A longer bar means a better rank. Colors use a tiered system: red (bottom tier), blue (mid-low), amber (mid-high), and gray (top tier). For example, a short red bar in assessed value means the property is in the lowest rank for that category.

5. Is the land large enough to add an extension or secondary suite?
The lot is 2,999 sq. ft., which is close to the average on the street (3,265 sq. ft.) and only slightly below the neighbourhood average (3,277 sq. ft.). While not generous, it’s comparable to neighbouring properties. The feasibility of an addition depends on zoning, setback requirements, and the presence of a rear lane. Given the small house footprint, there may be room to expand, but a survey and local regulations should be checked first.