Property Overview
This one-storey home on a generous 5,212 sqft lot in Winnipeg’s Silver Heights neighbourhood presents a blend of historic character and modern updates. Built in 1914, its key appeal lies in its substantial, renovated basement—a significant functional upgrade—and its detached garage. The lot size is notably larger than most on the street and in the area, offering valuable outdoor space and potential. While the living area is comfortable, the home’s assessed value has remained consistently strong relative to the city, suggesting stability.
It would suit a practical buyer looking for a character home without a full restoration project, thanks to the renovated basement. It’s also a strong fit for those who prioritize private outdoor space and need a detached garage for vehicles, hobbies, or storage. The price point and stats indicate it may offer relative value within its immediate vicinity, appealing to neighbourhood-focused buyers.
Frequently Asked Questions
1. How does the age of the home (1914) affect it?
While the home is 112 years old, the renovated basement is a major update. Buyers should expect a mix of historic charm and should budget for ongoing maintenance typical of a century-old structure, while appreciating the character and likely solid construction.
2. The lot is large, but what does that mean practically?
Ranking in the top 26% on the street for size, this lot offers more privacy, yard space, and potential for gardening, expansion, or adding outdoor living features than many nearby properties. It’s a key asset in an established neighbourhood.
3. The assessed value seems low compared to the last sale price. Why?
Municipal assessed value for tax purposes often lags behind market value and doesn't always reflect recent renovations or current market conditions. The 2020 sale price of $260k is a more current indicator of its market worth.
4. What do the "rank" percentages next to the stats mean?
These show how this property compares to others. For example, "Top 26% in same street" for land area means the lot is larger than 74% of others on Aldine Street. It's a quick way to see its relative strengths, like lot size and age ranking very high locally.
5. The home sold in 2016 and 2020. Is that a concern?
The four-year turnaround is not unusually short. It may indicate the property is seen as a good "stepping stone" home or that the previous owners completed the basement renovation before selling, adding value for the next buyer.