493 Aberdeen Avenue

493 Aberdeen Avenue – Property Summary

Key Characteristics & Ideal Buyer Profile

This is a 1,304 sqft single-family home built in 1913, situated on a notably large 3,997 sqft lot in Winnipeg’s William Whyte neighbourhood. The property stands out most for its land: the lot ranks in the top 14% on the street and top 9% in the neighbourhood, meaning it offers more outdoor space than most nearby homes. The living area itself is also above average for the area—top 16% on Aberdeen Avenue—but sits close to the citywide average. Assessed value is $131k, which is lower than both the street and neighbourhood averages, and ranks in the bottom 2% citywide. This combination of generous land and a relatively low assessed value is the property’s main structural appeal. It is not a “turnkey” premium home; rather, the value is tied to the lot and the original character of a 1913 build. It would suit buyers who prioritize outdoor space, are comfortable with an older home that may need updating, and see potential in a property where the land represents a greater share of the overall value than the house itself. For someone willing to invest sweat equity or renovations, this could be a strong entry point into the neighbourhood.

Frequently Asked Questions

1. How does the assessed value compare to similar homes on the street?
The assessed value of $131k is below the street average of $167.7k, ranking it in the bottom third of comparable homes on Aberdeen Avenue. However, it is also below the neighbourhood average of $149.1k, meaning the tax base is relatively low for the area.

2. Is the lot size unusual for this part of Winnipeg?
Yes. At nearly 4,000 sqft, the lot is significantly larger than both the street and neighbourhood averages (roughly 3,265 sqft and 3,277 sqft respectively). Citywide, however, lots this size are actually on the smaller side—the average across Winnipeg is over 6,500 sqft—so the appeal is relative to the immediate area, not the city as a whole.

3. What does the “year built” of 1913 mean in practical terms?
It places the home among the older properties in the neighbourhood—roughly average for the street, but older than about 90% of homes citywide. Buyers should expect original construction features, potential for knob-and-tube wiring or lead pipes, and a layout that may not match modern open-concept preferences. A thorough home inspection is advisable.

4. How does the living area rank citywide compared to the neighbourhood?
The living area is above average on the street (top 16%) and in the neighbourhood (top 29%), but falls to around average citywide (top 41%). So while it feels spacious locally, it is not exceptional by broader Winnipeg standards.

5. Who typically buys homes like this in William Whyte?
This property often appeals to buyers looking for a larger lot in an established neighbourhood without paying a premium for a fully updated house. It may also suit investors or homeowners planning a substantial renovation, since the low assessed value keeps property taxes manageable relative to the land size.