Property Overview: 294 Aldine Street
Key Characteristics & Appeal
This 1960 bi-level home in Silver Heights sits on a spacious 5,220 sqft lot, offering more land than over half the properties on its street. With 959 sqft of living space, the home is notably larger than many in the immediate area and across Winnipeg. Its key updated feature is a renovated basement, adding functional space, and it includes the practical benefit of an attached garage. The home appeals to value-conscious buyers looking for a solid, established property with room to grow both inside and out. It would suit first-time homeowners seeking a manageable footprint with upgrade potential, or downsizers wanting a single-level living layout (bi-level) without compromising on lot size or storage (with the garage and basement). Its recent sale in early 2024 suggests a move-in-ready condition and a refreshed market valuation.
Frequently Asked Questions
1. What does the ranking data (e.g., "Top 17% in same street") actually mean for me?
These rankings compare this specific property metric against similar local listings. For example, its living area being in the "Top 17% on the same street" means it is larger than 83% of homes on Aldine Street, indicating above-average interior space for the block.
2. The home sold recently in March 2024. Why is it back on the market?
While the specific reason isn't provided here, a quick resale can sometimes indicate an investor flip, a change in the buyer's circumstances, or a successful renovation now being capitalized on. Your real estate agent can inquire directly to get the precise story.
3. How does the assessed value compare to the recent sale price?
The 2024 sale price of $37,300k is approximately 12% higher than the listed assessed value of $33.30k. This is a common occurrence, as assessed values for taxation often lag behind current, competitive market prices, especially following a renovation.
4. Is the renovated basement a legal suite?
The details provided do not specify if the basement renovation created a legal secondary suite. This is a critical question for potential rental income or mortgage considerations and must be verified with the listing agent and city records.
5. The reference property at 276 Ainslie is older but larger. How does that affect this home's value?
The comparison highlights that this home offers a more modern structure (1960 vs. 1918) but in a more compact layout. It suggests the value here is in a newer building envelope and systems, while the trade-off is less square footage than some neighbouring properties. It underscores this home's position as a potentially lower-maintenance option in the area.