Property Summary: 368 Aldine Street, Winnipeg
Key Characteristics & Appeal
This is a well-maintained, one-storey home built in 1960, situated on a notably large lot of over 6,000 square feet in Winnipeg's Booth neighbourhood. Its key features include a renovated basement and a living area that ranks within the top 25% for size on its street. The home’s appeal lies in its balance of space, updates, and location. It sits on a generous, private lot—a rarity that offers significant outdoor potential—while the interior provides modern, finished living space above and below grade. The recent sale in July 2024 at $37,500 suggests a home that is move-in ready and represents solid value.
This property would suit first-time buyers or downsizers looking for a manageable single-level layout without sacrificing yard space. It’s also a practical choice for value-conscious buyers who want a home with foundational updates already completed, allowing them to avoid major immediate projects. The large lot could appeal to those with long-term visions for gardens, additions, or simply enjoying ample private outdoor space in a mature neighbourhood.
Frequently Asked Questions
1. What does the ranking data (e.g., "Top 25% on street") actually mean?
This data compares specific metrics of 368 Aldine Street against all other homes on its street, in its neighbourhood, and across Winnipeg. For example, its living area is larger than 75% of homes on Aldine Street, and its lot size is larger than 88% of its neighbours. This quantifies how it stands out in key areas.
2. Is the renovated basement a legal suite?
The listing specifies a "renovated basement" but does not indicate a separate entrance or kitchen facilities. It is presented as additional finished living space, not an income suite. Buyers should verify permitted uses with the city.
3. Why is there a difference between the recent sold price ($37.5k) and the assessed value ($30.3k)?
Municipal assessed value is for taxation purposes and often lags behind the current market. The sold price from July 2024 is a clearer reflection of its actual market value at that time.
4. There's no garage. What are the parking options?
The property has no garage. Parking would be via a driveway or on-street. Given the large lot size, there may be potential to add a parking pad or structure, subject to local zoning regulations.
5. The home is older. What should I consider?
While the basement is renovated, a 1960s build means core systems (like plumbing, electrical, and the roof) should be carefully inspected. The recent renovation is a positive, but an inspection will provide clarity on the condition of these older components.