Property Overview: 817 Aberdeen Avenue
Key Characteristics & Appeal
This is a classic one-and-a-half storey home in Winnipeg's Burrows Central neighbourhood, built in 1914. It sits on a standard city lot of just under 3,000 sq ft. With 930 sq ft of living space, a detached garage, and an unrenovated basement, it presents a straightforward, no-frills opportunity.
Its primary appeal lies in its position as a solid, average entry-point into the local market. The data shows it consistently ranks around the middle compared to its immediate neighbours on Aberdeen Avenue in terms of lot size, age, and living area. This suggests a home that fits comfortably within the existing streetscape without major outliers. The sale price from late 2023 was above the local street and neighbourhood averages, indicating a perceived value or specific condition that attracted buyer interest at that time.
This property would suit a pragmatic first-time buyer or an investor looking for a character home without a premium price tag. It’s a candidate for someone comfortable with a home of this era, possibly seeing potential in the basement or updates over time. A less obvious angle is its appeal to a buyer seeking stability; being "average" for the street can mean fewer surprises and predictable property taxes, as the assessed value is also in line with nearby homes. It’s not a luxury offering, but a grounded one in a mature community.
Frequently Asked Questions
1. What does "above average" sale price but "around average" assessed value mean?
The home sold for more than many neighbouring properties did, which often reflects its specific condition, updates, or market timing at that moment. The assessed value, used for calculating property taxes, is typically more conservative and based on broader municipal comparisons, placing it in line with area norms.
2. How significant is the unrenovated basement?
This is a key consideration. An unrenovated basement in a 1914 home means the mechanical systems (like plumbing and electrical), foundation, and insulation should be thoroughly inspected. It represents both a potential future project and a current factor in the home's overall insulation and utility costs.
3. Is the lot size a pro or a con?
At just under 3,000 sq ft, the lot is very typical for this specific street and central neighbourhood. It provides a manageable yard space without extensive maintenance but does not offer the expansion potential or privacy of larger, suburban-sized lots.
4. The home is 110 years old. What should I prioritize in an inspection?
Beyond standard checks, focus on the integrity of the original structure: foundation settling, roof age, knob-and-tube wiring updates, and plumbing condition. The longevity of this home is a testament to its build quality, but age-related wear is inevitable.
5. How does this home fit within the broader Winnipeg market?
The data clearly shows that while this home is typical for its immediate area, it is below the city-wide averages for lot size, living space, and year built. This highlights its position as an affordable option in the central core, offering a different value proposition than newer, larger homes in outlying areas.