504 Aberdeen Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a relatively modern home in Winnipeg’s William Whyte neighbourhood, built in 2006. That makes it significantly newer than most properties on the street—over three-quarters of nearby homes were built in the 1920s or earlier. The living area is 1,056 square feet, slightly above the street average but a bit below the citywide average for comparable homes. The land is a compact 3,003 square foot lot, which is typical for the area but well below Winnipeg’s broader median lot size.
The assessed value sits at $210,000. This is notably higher than both the street and neighbourhood averages ($167,700 and $149,100, respectively), placing it in the top 14% of homes in William Whyte. However, it ranks in the bottom 10% citywide, meaning this property is priced well compared to Winnipeg as a whole—buyers get more house for the money than in many other parts of the city.
The appeal here is straightforward: you’re getting a newer, low-maintenance home in an older, established neighbourhood, at a price that undercuts the citywide median by a wide margin. It’s not a character home, but you avoid the upkeep that comes with a century-old house. The smaller lot may appeal to buyers who don’t want a big yard to maintain. This property would suit first-time buyers looking for affordability, investors seeking a newer rental in a lower-cost area, or anyone who values modern construction and lower utility costs over heritage charm or a large yard.
Five Possible FAQs
1. How does this property’s assessed value compare to similar homes nearby?
It’s above average for both the street and the neighbourhood. On Aberdeen Avenue, it ranks in the top 23%, and within William Whyte, it’s in the top 14%. Across Winnipeg, however, it’s well below the average—$210,000 versus $390,100 citywide. So, while it’s pricier than its immediate surroundings, it’s still very affordable relative to the city as a whole.
2. What’s the catch with a home that’s newer but in an older neighbourhood?
The main thing is that the immediate area may still feel like an older part of town—mature trees, varied upkeep on neighbouring houses, and possibly fewer modern amenities within walking distance. You get a newer structure, but the street character and surrounding services reflect the neighbourhood’s age. It’s a trade-off between interior modernity and external context.
3. The lot seems small. Is that a problem?
It depends on your needs. At 3,003 square feet, it’s typical for William Whyte (ranked in the middle for the area) but much smaller than the citywide average of 6,570 square feet. If you want a big garden, space for a workshop, or room to expand, this lot will feel tight. If you prefer less yard work and a more urban footprint, it’s a plus.
4. How does this affect resale value?
The newer construction gives you an edge over many homes in the neighbourhood, which could help with resale appeal. However, the small lot limits what future buyers can do with the property, and the assessed value is already on the higher side for the area. That means less room for price appreciation compared to a cheaper fixer-upper in the same zone.
5. Is the William Whyte neighbourhood stable?
William Whyte is a mixed area—some blocks are well-kept, others are still in transition. The home’s high assessed value relative to the neighbourhood average suggests it’s on one of the better streets, but it’s worth driving through at different times of day. It’s not a polished inner-city suburb, but it’s close to downtown and has seen renewed interest from buyers priced out of more central areas.