705 Aberdeen Avenue

705 Aberdeen Avenue – Property Summary

Key Characteristics & Buyer Profile

This is a 1912 home in the William Whyte neighbourhood with 1,190 square feet of living space on a 2,998-square-foot lot. Its assessed value is $178,000.

The property's standout feature is its value within the immediate neighbourhood. While the living area is only slightly above the street average and roughly in line with the neighbourhood, the assessed value is notably higher than the local median—ranking in the top 27% of the area and well above the $149,100 neighbourhood average. This suggests a home that has held or gained value relative to its immediate surroundings, possibly due to updates, condition, or desirable characteristics not captured in raw square footage.

Where the property falls short is on land and overall citywide positioning. The lot is smaller than average for both the street and neighbourhood, and the assessed value is in the bottom 10% citywide. This is not unusual for an older, inner-city home—but it does mean the property's appeal is largely local.

This home would best suit a buyer focused on the William Whyte area or similar inner-city neighbourhoods, looking for a reasonably sized older home that appears to be a strong value relative to its neighbours. It may also appeal to someone less concerned with yard space or citywide resale positioning, and more interested in an established, modest home in a working-class area with above-average assessed value for the street.

Frequently Asked Questions

1. How does the year built affect this property's value or condition?
Built in 1912, this home is older than the citywide average (1966) but typical for the street and neighbourhood, where most homes date from the late 1920s. Older construction often means solid materials but may require more maintenance—buyers should budget for potential updates to plumbing, electrical, or insulation.

2. Why is the assessed value above the neighbourhood average but below the citywide average?
The home's assessed value ($178,000) is 19% higher than the William Whyte median of $149,100, likely reflecting above-average condition, size, or features for the area. However, Winnipeg's citywide average ($390,100) is driven by newer, larger homes in more affluent neighbourhoods, so almost any older inner-city home will rank low citywide.

3. Is the small lot a concern?
The lot (2,998 sqft) is smaller than the street average (3,265 sqft) and well below the citywide average (6,570 sqft). This is typical for older, dense neighbourhoods. It limits outdoor space and future expansion potential, but it also means less yard maintenance. Buyers wanting a large garden, garage, or room to build should look elsewhere.

4. What does "Top 27%" for assessed value in the neighbourhood really mean?
It means this property is assessed higher than 73% of comparable homes in William Whyte. This could reflect recent renovations, a larger or better-maintained home, or a desirable location within the area. It's a positive signal for resale potential within the neighbourhood, though it does not guarantee the home is the best value—simply that the city appraises it favourably.

5. How does the living area rank locally vs. citywide?
At 1,190 sqft, the home is in the top 25% of its street (where the average is 1,025 sqft), but only around the median citywide. In practice, this means it's a comfortably sized home for the area—not cramped by local standards, but modest compared to suburban or newer homes.