587 Aberdeen Avenue – Property Summary

Section One: Key Characteristics & Buyer Profile

This is a 1,156-square-foot home built in 1911, sitting on a 2,999-square-foot lot in the William Whyte neighbourhood. Assessed at $166,000, the property is priced well below the citywide average of $390,100. On its own street, it falls near the middle of the pack for value, but it significantly outperforms the broader city in affordability.

The appeal here is mainly about entry-level value. The living area is slightly above the street average, and the assessment ranks in the top third of the neighbourhood—meaning you’re getting a solidly sized home for less than many nearby comparables. The land is on the smaller side, even for the area, which could limit expansion potential or yard use. But for a buyer focused on location and price rather than lot size, that’s less of a drawback.

This property suits first-time homebuyers, investors looking for a lower-cost rental, or anyone who values being in an established, older neighbourhood without paying a premium. The 1911 construction suggests character details and sturdy bones, but also likely comes with maintenance considerations typical of a century home. It’s not a turnkey modern build—it’s a practical, value-oriented option for someone willing to put in some work or live with original quirks.

Section Two: Frequently Asked Questions

1. How does the assessed value compare to similar homes in the area?
On Aberdeen Avenue, the assessment is right around the street average of $167,700. In the William Whyte neighbourhood, it’s above average—ranked in the top third—which means you’re paying less than many nearby homes of similar size. Citywide, it’s in the bottom 5% of assessed values, reflecting Winnipeg’s wide range of housing costs.

2. Is the 1911 build a concern for maintenance or upgrades?
It depends on how well the home has been maintained. Homes of this era often have solid framing and good materials, but systems like plumbing, electrical, and insulation may need updating. Buyers should budget for a thorough inspection and factor in possible renovations. The year built is typical for the street and neighbourhood, so you’re not taking on something unusual for the area.

3. Why is the land area listed as "below average" for the neighbourhood?
The lot is 2,999 square feet, compared to the William Whyte average of 3,277 square feet. That puts it in the bottom third locally. For many buyers, a smaller lot means less yard maintenance and a lower purchase price, but it also limits options for additions, a large garden, or off-street parking expansion.

4. What do the color-coded rankings mean in the property data?
The rankings compare this home to others on the same street, in the neighbourhood, and across Winnipeg. A higher rank (lower percentage) means the property outperforms more peers. The fill colour—red, blue, amber, or grey—indicates how favourable that ranking is relative to the average. It’s a quick visual, but the actual numbers give a clearer picture.

5. Where can I see how this property compares to nearby homes on a map?
The listing includes a link to a neighbourhood analysis page. That map shows nearby houses and compares them by year built, living area, assessed value, and lot size. It’s a useful tool for getting a feel for how 587 Aberdeen Avenue fits into the block and the broader area.