325 Aberdeen Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a 1,138 sqft home built in 1914, on a 2,999 sqft lot, in Winnipeg’s William Whyte neighbourhood. Its assessed value is $150,000.
The property sits right around the middle of the pack for its street and neighbourhood in terms of living space, year built, and assessed value. What stands out is the citywide comparison: the assessed value is significantly below the Winnipeg average ($390,100), and the lot is smaller than typical city lots. This suggests the property is priced in line with its immediate area, not the broader city market. The home is older than most citywide (1914 vs. 1966 average), which may appeal to someone looking for character or a fixer-upper, but could mean higher maintenance costs.
The appeal here is value relative to the immediate neighbourhood. For a buyer who wants to be in William Whyte or on Aberdeen Avenue, this property is neither an outlier nor a bargain compared to nearby homes. It would suit a first-time buyer, an investor looking for a rental in an established area, or someone comfortable with an older home who isn’t relying on rapid appreciation. The smaller lot might appeal to those wanting less yard maintenance, but it could be a drawback for anyone wanting garden space or a garage.
Frequently Asked Questions
1. How does this property compare to others on Aberdeen Avenue?
On its own street, the home is average for living area (slightly above the street average of 1,025 sqft) and assessed value ($150,000 vs. the street average of $167,700). Year built is also average for the street (1914 vs. 1930 average). The lot is on the smaller side: 2,999 sqft vs. the street average of 3,265 sqft. So it’s not a standout, but it’s not an underperformer either.
2. Why is the assessed value so low compared to the city average?
The citywide average for comparable homes is $390,100, but that includes newer, larger homes in higher-demand areas. William Whyte and Aberdeen Avenue have lower median values. This property’s $150,000 assessment is actually slightly above its neighbourhood average ($149,100). The low citywide ranking (top 97%) simply reflects that it’s in a more affordable part of Winnipeg.
3. Is the older construction a concern?
Built in 1914, the home is older than 89% of properties citywide. In the neighbourhood, it’s around the middle (average year built is 1927). Older homes can have charm, thicker walls, and better materials, but they may also need updates to plumbing, electrical, insulation, or foundation. A thorough home inspection is strongly recommended.
4. How does the lot size affect usability?
At 2,999 sqft, the lot is smaller than the neighbourhood average (3,277 sqft) and much smaller than the citywide average (6,570 sqft). This is typical for older urban infill lots. You likely won’t have room for a detached garage or large garden, but yard maintenance is easier. Check zoning for any off-street parking or future development potential.
5. What type of return could I expect as an investment?
Given the assessed value is close to the neighbourhood average, this property isn’t priced below market. Appreciation will likely track the William Whyte area, not the city at large. Rental demand depends on local conditions—proximity to amenities, schools, and transit. An investor should compare rents for similar-sized homes in the area and factor in potential renovation costs before assuming strong returns.