602 Aberdeen Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a 1,128 sqft home built in 1905, located in Winnipeg's William Whyte neighbourhood. The living area is slightly above average for the street (ranked in the top 32%), though the land lot is notably small at 2,276 sqft—placing it in the bottom 3% on the street and bottom 2% citywide. The assessed value of $164k sits close to the street average but is well below the citywide norm, reflecting both the older housing stock and the smaller lot.
The property's appeal lies in its affordability relative to citywide benchmarks. For a buyer looking for an older character home in a central neighbourhood without paying a premium for land, this could be a practical entry point. It suits someone who values interior space over yard size, and who is comfortable with a century-old home that may require maintenance or updates. It is less suited to those seeking a large lot, newer construction, or a property with strong land appreciation potential. The neighbourhood context matters here: William Whyte is an area where values are below city averages, so this is not a "turnkey" investment play—it's a home for someone who wants to be in the area for lifestyle or budget reasons.
Five FAQs
1. How does the living space compare to typical homes in the area?
It's just over 1,100 sqft, which is slightly above the street average of 1,025 sqft and roughly in line with the neighbourhood median. It ranks in the top third for living area on Aberdeen Avenue, so interior space is a relative strength here.
2. Is the small lot a major drawback?
Depends on your needs. The lot is 2,276 sqft—smaller than 97% of properties on the street and in the neighbourhood. If you want a garden, room for a garage, or future expansion, this lot will be limiting. But if you're after lower maintenance and a smaller footprint, it's not necessarily a problem.
3. What does the assessed value tell me about the home's condition?
Not much directly. Assessed value reflects market trends and property characteristics (size, age, location), not the specific condition of the home. At $164k, it's close to the street average but far below citywide medians, which mainly signals that this is a less expensive part of town with older housing stock.
4. Is a 1905 home too old to be practical?
For many buyers, yes. The home is older than nearly 90% of properties on its street and older than 98% citywide. That means you should expect older systems (plumbing, electrical, foundation) and potentially higher ongoing maintenance. But it also means original features that newer homes lack. A thorough inspection is essential.
5. How does this property compare to others in William Whyte generally?
It's fairly typical for the area: an older home with modest square footage and a small lot, assessed below the neighbourhood average. It's not an outlier—it sits in the middle of the pack for both living area and assessed value within the neighbourhood. What stands out is the very small land size relative to nearby homes.