940 Aberdeen Avenue

Property Overview: 940 Aberdeen Avenue, Winnipeg

Key Characteristics & Appeal

This renovated bi-level home at 940 Aberdeen Avenue presents a compelling mix of space, modern updates, and value within the Burrows Central neighbourhood. Built in 1985, it is a notably newer construction compared to most homes on its street and in the wider area, which often translates to fewer concerns over aging infrastructure. The home features 1,320 sqft of living space, which is generously sized for the local market, and sits on a 3,230 sqft lot. A key feature is the renovated basement, adding functional living area, and the property includes an attached garage.

Its primary appeal lies in its strong positional value. The home ranks in the top tier for its assessed value compared to immediate neighbours, suggesting it is a well-maintained or improved property in its context. It suits buyers looking for a move-in-ready home with more contemporary features in an established neighbourhood, without the premium price of a new-build. It’s particularly suited for first-time buyers or small families who prioritize interior space and modern amenities, and who value a home that stands out positively against older surrounding properties in terms of age, size, and official valuation.

Frequently Asked Questions

1. How does the 1985 build year affect this property?
Being built in 1985 makes this home significantly newer than many in Burrows Central. This can mean updated electrical systems, plumbing, and insulation compared to century-old homes, potentially reducing immediate repair costs and improving energy efficiency.

2. The assessed value is listed as "Elite" for the area. What does that mean?
The "Elite" ranking indicates the municipal assessed value of this home is in the top 5% of similar properties in Burrows Central. This often reflects renovations, desirable features, or superior condition compared to neighbours, though it's not a direct marker of market sale price.

3. Is the living space typical for a bi-level?
At 1,320 sqft, the living area is above average for both the street and neighbourhood. The renovated basement likely contributes to this total, offering a more spacious feel than many comparable bi-level layouts.

4. How does the lot size compare?
The 3,230 sqft lot is above average for Aberdeen Avenue but below the citywide average. It provides a decent yard for an urban setting while keeping exterior maintenance manageable.

5. What is the significance of the 2017 sale price data?
The property sold for $280k in 2017, which was above average for the area at that time. This historical data points to a history of the property commanding a market premium, consistent with its higher-than-average assessed value today. Current market conditions will determine the present value.