Property Summary: 708 Aberdeen Avenue
Key Characteristics & Buyer Profile
This is a 1,395 sqft single-family home built in 1911, sitting on a 3,003 sqft lot in Winnipeg’s William Whyte neighbourhood. Its standout feature is living space: it ranks in the top 9% on its street and top 22% in the community for square footage, meaning it offers notably more room than nearby homes. The assessed value ($193,000) is above average for both the street and community, which suggests the extra space has been recognized in tax assessments. However, the lot size and construction year are fairly typical for the area, and the home is significantly older than the citywide average (1911 vs. 1966).
The appeal here is straightforward: you get a larger-than-average interior in a dense, older neighbourhood, without paying citywide median prices. This likely suits buyers who prioritize indoor space over lot size or modern construction—for example, someone looking for a fixer-upper with good bones, a family needing more square footage on a modest budget, or an investor eyeing a property with above-average room counts in an area where similar homes are smaller. The trade-off is that land is compact, and the home’s age will require attention to systems and structure.
Five FAQs
1. How does this home compare to others in William Whyte?
It’s bigger than most homes in the area—living space is in the top quarter—and its assessed value reflects that. The lot and age are close to the community average, so it fits the neighbourhood’s character but offers more interior room.
2. Is the assessed value of $193,000 accurate for this property?
Assessments are based on market conditions at a specific date and may not reflect current demand. The value is above the street and community averages, which aligns with the larger size. However, with a 1911 build, you should budget for potential updates that could affect resale value.
3. What should I expect in terms of maintenance for a 1911 home?
Older homes often need updates to electrical, plumbing, insulation, and roofing. Given that the lot is small, major structural work could be more contained, but don’t overlook foundations and windows. It’s wise to get a thorough inspection focused on the age group.
4. How does the small lot size affect usability?
At 3,003 sqft, the lot is compact—smaller than many Winnipeg homes but typical for this street. That means limited yard space for gardening, expansion, or parking. It’s best for buyers who want indoor space and don’t need a large outdoor area.
5. Why is the citywide rank for assessed value so low (top 93%)?
The $193,000 value is well below Winnipeg’s median of $390,000. This reflects the home’s location in a lower-cost neighbourhood and its age. The value is strong locally but not competitive citywide, which can be an advantage for buyers seeking affordability relative to city averages.