361 Aberdeen Avenue – Property Summary
Key Characteristics & Buyer Fit
This is a 1,332-square-foot home built in 1906, situated on a 2,999-square-foot lot in Winnipeg’s William Whyte neighbourhood. Its most notable feature is the combination of generous living space and a very low assessed value. The living area ranks in the top 14% on the street and top 27% in the area—meaning it offers more interior space than most nearby homes. The assessed value, however, is among the lowest: bottom 1% on the street and bottom 1% in the neighbourhood, at $54,000. This creates a clear gap between the physical size of the home and its tax valuation.
The lot size is slightly below the street and neighbourhood averages, and the home is older than most (built 1906 vs. a street average of 1930). Citywide, it falls in the bottom 11% for land area and bottom 2% for year built.
Where the appeal lies: The main draw is the living-area-to-value ratio. A buyer gets a home above average in size for the area at a valuation that suggests lower property taxes relative to its footprint. For someone who prioritizes interior square footage over curb appeal, lot size, or a newer build, this property offers unusual leverage.
What type of buyer it would suit: This is well-suited to a hands-on buyer—someone comfortable with an older home who values space inside more than a large yard or a modern finish. It could also appeal to an investor focused on rental income, where interior livable area often matters more than land value. It would be less ideal for someone wanting a turnkey, low-maintenance property or a lot suitable for redevelopment.
Five Possible FAQs
1. Why is the assessed value so low compared to the living area?
Assessed value reflects a combination of factors including condition, finish quality, location, and market sales data, not just square footage. A home built in 1906 that hasn’t been recently updated may receive a lower valuation even if its floor plan is generous. This can mean lower property taxes, but it may also imply the property needs significant renovation.
2. How do the property taxes compare to similar-sized homes in the area?
Because the assessed value is $54,000—well below the street average of $167,700—the property taxes are likely substantially lower than those of other homes with similar square footage. Exact taxes depend on the current mill rate, but buyers should expect a tax bill more in line with a smaller or less updated property.
3. Is the 1906 construction a concern?
It depends on maintenance history. Many homes from this era in the William Whyte area have solid framing and brickwork, but systems (plumbing, electrical, heating) may be original or outdated. A thorough home inspection and utility records check are recommended, especially regarding insulation, foundation condition, and any knob-and-tube wiring.
4. What does the lot size mean for parking or outdoor space?
At 2,999 square feet, the lot is below the neighbourhood average of 3,277 sqft and well below Winnipeg’s citywide average. There may be limited room for a garage, a large garden, or a rear addition. Street parking and the existing footprint of the house should be verified in person.
5. How does this property compare to others currently for sale on Aberdeen Avenue?
Based on the data, this home is in the top 14% for living area but bottom 1% for assessed value on the street. That suggests it offers more interior space at a lower valuation than most other listings on Aberdeen. Buyers should compare active listings directly, as assessed value and asking price are not the same thing.