741 Aberdeen Avenue – Property Summary

Key Characteristics & Buyer Profile

This is a compact 785 sqft home with a notably modern build year of 2007, sitting on a 2,999 sqft lot in Winnipeg’s William Whyte neighbourhood. Its standout feature is assessed value: at $244,000, it ranks in the top 14% on its street and top 7% in the area, well above local averages of roughly $168,000 and $149,000 respectively. The living area, however, is below average at every level—street, neighbourhood, and citywide—underscoring a modest footprint relative to its valuation.

The appeal lies in the combination of a newer home in an older-stock area. Most nearby properties date to the late 1920s or early 1930s, so a 2007 build offers modern construction standards, insulation, and likely lower immediate maintenance costs. The assessed value suggests the market is pricing in that newness and possibly interior finishes or upgrades, even though square footage is limited. This is not a house for someone needing sprawling space or a large yard—land is below neighbourhood average too—but it may suit a buyer who prioritizes efficiency, lower utility bills, and a turnkey condition over raw square metres.

The property may appeal to first-time buyers seeking an affordable entry into a city where newer builds often cost more, or to investors looking for a well-rated asset in a lower-average-value neighbourhood. It could also work for downsizers who want modern convenience without the upkeep of a century-old home. The citywide rankings (top 84% for value, top 92% for living area) show this sits modestly within Winnipeg’s broader housing stock, but its local standing is where the value proposition really sits.

Frequently Asked Questions

1. Why is the assessed value so much higher than the neighbourhood average if the living area is small?
Assessed value considers more than just square footage—it factors in age, condition, finishes, and recent sales of comparable properties. A house built in 2007 in an area where most homes are from the 1920s typically commands a premium for modern construction, updated systems, and lower deferred maintenance. The data shows this property outranks nearly 93% of its neighbourhood peers in assessed value, which likely reflects those advantages.

2. How does the land size compare, and is it a concern?
The lot is 2,999 sqft—about 8% smaller than the street average of 3,265 sqft and well below Winnipeg’s citywide average of 6,570 sqft. In William Whyte, land parcels tend to be more uniform and compact, so this isn’t unusual for the area. It’s worth noting if you want a large garden, workshop, or future expansion, but for a 785 sqft home, the lot is proportionate and manageable.

3. What does “top 13% citywide for year built” actually mean?
It means this home is newer than approximately 87% of all comparable properties across Winnipeg. Given that the citywide average build year is around 1966, a 2007 construction places it well into the newer end of the stock. This can translate into better energy efficiency, modern wiring and plumbing, and fewer immediate renovation needs compared to older homes.

4. Is this property priced fairly compared to other newer homes in the city?
The assessed value of $244,000 is well below Winnipeg’s citywide average for comparable homes ($390,100), ranking in the bottom 16% citywide. That suggests the property is relatively affordable compared to newer or similarly-valued homes elsewhere in the city. However, within its own street and neighbourhood, it sits at a premium—meaning you’re paying for the local scarcity of modern builds, not necessarily getting a citywide bargain.

5. What kind of buyer would this not suit?
It wouldn’t suit someone who needs a large living area, extensive yard space, or a basement for additional rooms—the compact footprint is central to this home’s profile. It also may not appeal to buyers looking for a fixer-upper at a lower entry price, since the assessed value already reflects its modern condition. If you want a project with room to add sweat equity or square footage, older homes on larger lots in the same neighbourhood would likely offer more potential.