Property Overview: 1039 Aberdeen Avenue
Key Characteristics & Appeal
This is a classic one-storey home built in 1913, situated on a notably spacious lot in the Burrows Central neighbourhood. The property's primary appeal lies in its land. At just over 4,199 square feet, the lot size is well above average for both the immediate street and the broader area, ranking in the top 9% locally. This presents a significant opportunity for expansion, gardening, or outdoor living. The home itself is modest, with 900 sqft of living space and an unrenovated basement, positioning it as a true blank canvas or a value-conscious entry point into the market.
Its assessed value is very low compared to the Winnipeg city-wide average, reflecting its basic condition and location. Recent sale prices have been consistently in a very low range. This property would best suit a practical buyer looking for a large lot with a simple structure, such as a hands-on renovator, an investor considering a hold-and-build strategy, or someone seeking the most affordable path to homeownership with future potential. It's not a move-in-ready home, but a property where the value is fundamentally in the land and the possibility it represents.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
The assessed value reflects the property's basic condition, modest size, and specific market area. It is aligned with similar, unrenovated homes in Burrows Central and is not directly comparable to city-wide averages, which include newer, updated, or larger homes in different neighbourhoods.
2. What does "top 9% for land area" on Aberdeen Avenue mean?
It means this property's lot is larger than 91% of the lots on Aberdeen Avenue used for comparison. This is the home's most standout statistical feature, indicating a rare amount of outdoor space for the immediate locale.
3. Is the basement finished or usable?
The listing specifies the basement is "not renovated." Buyers should assume it is in original, utilitarian condition and budget for any desired improvements, such as moisture control, insulation, or basic finishing.
4. How should I interpret the past sale prices?
The recent sales history shows transactions at a very low price point. This is consistent with the property's profile as a land-value opportunity with a teardown or major renovation premise, rather than a sale based on the existing home's amenities.
5. What are the main considerations for a buyer here?
The key considerations are the cost and scope of modernizing or replacing the 113-year-old structure to suit your needs, and the value you place on the large lot. Due diligence should include a thorough inspection of the foundation, structure, and mechanical systems, and research into local zoning for potential future development.