Property Overview & Key Characteristics
This one-storey home on Aberdeen Avenue is a compact, character property built in 1910. Its primary appeal lies in its renovated basement and its position as a land-value opportunity in the Burrows Central neighbourhood. The lot size is modest for the street and city, but the home's assessed value ranks well above average for the immediate area, suggesting the improvements or potential are recognized locally.
It would suit a first-time buyer, an investor, or someone looking for a manageable footprint. The renovated basement adds functional living space, making the home more practical than the 843 sqft main floor suggests. This isn't a large or modern property; its value is grounded in utility, location, and the opportunity to own in Winnipeg without a premium price tag. A thoughtful buyer might see it as a solid entry point into the market or a strategic hold in a neighbourhood where property values show stability.
Frequently Asked Questions
1. How does the lot size compare to others?
The land area is 2,283 sqft, which is below the average for both Aberdeen Avenue and the wider city. This indicates a more compact, manageable yard typical of older neighbourhoods.
2. What does the "above average" assessed value for the street mean?
While the assessed value is below the Winnipeg average, it ranks in the top 26% on Aberdeen Avenue. This suggests the property is considered more valuable than most direct neighbours, likely due to the renovated basement and overall condition.
3. Is the living space sufficient for a small family?
The main living area is 843 sqft, which is around average for Burrows Central. Combined with the renovated basement, it provides additional flexible space, making it viable for a small household or a couple.
4. What is the historical price trend?
The home sold for $210,000 in August 2021, a price that was above average for the street at that time. Prior to that, it sold for $18,400 in 2017. The significant increase reflects the broader market movement and the property's improvements.
5. How does this home compare to nearby properties?
Nearby homes on the same block are of similar vintage, while others in Burrows Central vary. For example, a reference property on Sgt Tommy Prince Street, built in 1960 with less living area, has a significantly higher assessed value, highlighting how specific location and condition within a neighbourhood influence valuation.