481 Aberdeen Avenue

481 Aberdeen Avenue – Property Summary

Key Characteristics & Buyer Profile

This is a 1,360 sqft home built in 1914, sitting on a 2,998 sqft lot in the William Whyte neighbourhood. Its main strengths are interior space and neighbourhood value. The living area is noticeably larger than most homes on the street (top 11%) and in the area (top 24%), giving it a spacious feel relative to its immediate surroundings. The assessed value is above average for the neighbourhood (top 24%), but still well below citywide norms—the property sits in the bottom 6% citywide for value, reflecting an older, more modest inner-city area. The land is on the smaller side, typical for older infill lots.

The appeal here isn’t flashy. It’s a home that offers generous indoor square footage at a price point well below the city’s median. That makes it well-suited for buyers who value interior room over yard space, and who are comfortable with an older home (1914) that may need updates. It could work for someone looking to enter the market in a more affordable central neighbourhood, or for an investor betting on continued appreciation in an area that’s already showing above-average value growth relative to its own street. The land isn’t an asset for redevelopment, but the existing house has room to work with.

Five Possible FAQs

1. Is the assessed value a good indicator of market price?
   Not directly. Assessed value here is based on municipal formulas and comparable sales. It’s above the neighbourhood average but very low citywide. Market price may differ depending on condition, renovations, and demand for older homes in William Whyte.

2. How old is the house, and what should I watch for?
   Built in 1914—so over a century old. Expect original construction methods, possibly knob-and-tube wiring, lead pipes, or outdated insulation. A thorough home inspection is essential. That said, many homes of this vintage have solid bones if maintained.

3. The land is below average for the street and neighbourhood. Is that a problem?
   It depends on your needs. The lot (2,998 sqft) is compact by city standards. You won’t have a large backyard or room for additions. But if you’re not looking to expand or garden extensively, it’s manageable and means less upkeep.

4. What type of neighbourhood is William Whyte?
   It’s a centrally located, older Winnipeg neighbourhood with a mix of character homes and some rental properties. It’s more affordable than many areas, but street-by-street variation is real. Check crime stats, school catchments, and nearby amenities in person.

5. How does this home compare to others in the city overall?
   On living area, it’s around the city average (top 38%). On assessed value, it’s very low (bottom 6%). On age, it’s older than most (top 89% older than city average). In short: it’s a spacious, low-cost, older home on a small lot in a transitional neighbourhood.