405 Aldine Street

Property Summary: 405 Aldine Street

Section 1: Key Characteristics & Appeal

This is a well-maintained, single-storey home built in 1962, situated on a spacious, mature lot in Winnipeg's Booth neighbourhood. Its key appeal lies in its balance of solid fundamentals and recent updates. The home features a renovated basement, adding valuable finished living space to its 1,119 sqft footprint, and benefits from a detached garage. The lot size of 5,495 sqft is notably above average for the street, offering ample outdoor space for gardening, play, or expansion.

The property suits practical buyers looking for a move-in-ready home with room to grow, without the premium of a brand-new build. It’s particularly appealing to first-time homeowners or downsizers seeking single-level living, and to those who value a larger, private yard in an established area. A thoughtful perspective is its strong performance in "neighbourhood rank" metrics—it sits in the top tiers for lot size and year built compared to its immediate area, suggesting it's a standout property on its block. The 2023 sale price being close to the current assessed value indicates a stable market perception.

Section 2: Frequently Asked Questions

1. How does the lot size compare to nearby homes?
At 5,495 sqft, the lot is larger than approximately 63% of properties on Aldine Street, offering more outdoor space than many in the immediate vicinity.

2. What is the neighbourhood ranking for this property?
The home ranks in the top 18% for lot size within the broader Booth neighbourhood, indicating a premium parcel of land. Its year built also ranks in the top 29% for the area, making it a relatively newer home in this mature community.

3. Has the property been recently sold?
Yes, it was last sold in May 2023 for $351,000. This recent transaction provides a clear, current benchmark for its market value.

4. What is the condition of the basement?
The basement has been renovated, meaning it is finished as livable space, which adds functional square footage beyond the main floor living area.

5. How does the assessed value trend compare to similar homes?
The home’s assessed value is consistent with several other properties across different Winnipeg neighbourhoods, as listed. Its value has remained stable, with the 2023 sale price slightly above the current assessment, a common pattern in a balanced market.