Property Summary: 282 Aldine Street
Key Characteristics & Appeal
This 1960-built, one-storey home in Silver Heights sits on a large, 6,524 sqft lot, a feature that ranks in the top third of the neighbourhood. With 1,354 sqft of living space, the interior is notably more spacious than many nearby homes. A key modern update is its renovated basement, adding functional living area. The property lacks a garage or pool, positioning it as a practical, land-value-focused opportunity.
Its primary appeal lies in its generous lot size and above-average living space for the area, offering room to grow or expand. The renovated basement provides immediate utility without the need for a major project. It suits first-time buyers or downsizers looking for a manageable single-level layout on a substantial piece of land, as well as value-oriented buyers who see potential in the lot itself for future gardens, additions, or simply as a premium in a mature neighbourhood.
A thoughtful perspective: while the home itself is from 1960, the lot size is a legacy feature that is increasingly rare and cannot be replicated. This creates a balance between a home that is functional today and a land asset that may offer long-term flexibility or value.
Frequently Asked Questions
1. What does the "renovated basement" typically include?
While specifics should be verified with a viewing, a renovated basement in a home of this era generally means it has been finished into a livable space, potentially including recreation rooms, additional bedrooms, or a laundry area, adding valuable functional square footage.
2. How does the lack of a garage affect daily living and value?
Many homes in mature neighbourhoods lack garages. Buyers often use driveways for parking and add sheds for storage. The large lot does offer space to potentially build a garage later, subject to local bylaws, which could be a value-add project.
3. The assessed value seems low compared to likely selling price. Why?
Municipal assessed values in Winnipeg are for tax purposes and often lag behind current market values. They are a useful comparison tool against neighbouring properties (showing this home is assessed similarly to others) but are not an indicator of listing or sale price.
4. The home is older. What should I be mindful of?
Built in 1960, major systems like the roof, plumbing, electrical, and foundation should be carefully inspected. The recent basement renovation is a positive, but an inspection will clarify the condition of original elements.
5. The lot is large, but what is its actual condition and layout?
A 6,524 sqft lot offers great potential, but it's important to assess its topography, drainage, tree coverage, and whether it is fully fenced. The usable space and any maintenance considerations will impact its value to you.