Here is a clean, standalone summary of the property at 605 Aberdeen Avenue.
Key Characteristics & Buyer Profile
This is a 668-square-foot home built in 1909, situated on a 2,997-square-foot lot in Winnipeg’s William Whyte neighbourhood. The property is notably compact — its living area ranks in the bottom 2% city-wide, and its land area is similarly modest compared to city averages. The assessed value of $141,000 is roughly in the middle for homes on this street and within the neighbourhood, but it sits well below the citywide median of $390,000.
The appeal here is largely pragmatic. This is a small, older home at an entry-level price point. It suits buyers who are prioritizing affordability and location over space. The property’s value proposition is tied to its lot and structure, not its square footage. A thoughtful perspective: this home may appeal to someone looking for a lower-cost entry into a specific neighbourhood, with the understanding that renovation or expansion could be part of the long-term plan. It is less suited for buyers seeking a turnkey family home or significant indoor living space.
Five Possible FAQs
1. How does this home compare to other properties in the area?
On its street and in the William Whyte neighbourhood, this home is smaller than average but priced competitively. Its assessed value is close to the neighbourhood average, and its year built is consistent with the area’s older housing stock.
2. What does the assessed value of $141,000 mean for me?
It reflects the city’s estimate of market value for tax purposes. This places the home near the middle of the pack for its street and neighbourhood, though well below citywide averages due to its size and age. It can also serve as a rough starting point for budget and financing considerations.
3. Is the small living area a concern for resale?
It may limit the pool of future buyers, particularly families or those wanting dedicated home office or guest space. However, well-maintained smaller homes in affordable price ranges often attract first-time buyers or investors. The key is whether the layout makes efficient use of the 668 square feet.
4. What should I look out for with a home built in 1909?
Older homes can have issues with insulation, electrical systems, plumbing, and foundation condition. A thorough inspection is essential. Some buyers value the character and solid construction of older homes, but ongoing maintenance costs may be higher than for newer builds.
5. How does the lot size affect my options?
At 2,997 square feet, the lot is smaller than many in the neighbourhood. This limits yard space and potential for major additions, but it also typically means less outdoor maintenance. It may be a good fit for someone who prefers a compact, low-upkeep yard.