230 Aldine Street

Property Summary: 230 Aldine Street

Section 1: Key Characteristics & Appeal

This well-situated one-storey home in Winnipeg's Booth neighbourhood offers a practical and comfortable living proposition. Its key appeal lies in a combination of a spacious, well-sized lot, recent updates, and solid value within its area. The 5,217 sqft lot is notably larger than many in the immediate vicinity, ranking in the top half of the street, which provides ample outdoor space and potential. The home itself features a renovated basement, adding valuable finished living space to the 1,103 sqft main floor, and includes the convenience of an attached garage.

The property would particularly suit first-time buyers, downsizers, or practical investors seeking a move-in ready home with minimal immediate work, thanks to the basement renovation. Its strong lot size and recent sale history also make it a sensible option for buyers who view the land as a long-term asset, offering future potential in a neighbourhood where many homes are older. A less obvious point of appeal is its relative modernity for the area; built in 1985, it is significantly newer than 95% of the homes on its street, which can mean fewer concerns over aging core components compared to much older neighbouring properties.

Section 2: Frequently Asked Questions

1. What is the neighbourhood like?
The home is in the Booth neighbourhood. Property metrics indicate it sits in a well-established area with a mix of older and newer homes, as this property is notably newer than most on its street.

2. Has the property value been stable?
The assessed value is consistent with similar homes across several Winnipeg neighbourhoods. It last sold in February 2020, and its current assessed value shows appreciation from that sale price, suggesting stable market performance.

3. Is the basement renovation permitted?
Prospective buyers should always verify with the city that any renovations, including the basement work mentioned, have the proper permits and inspections to ensure everything is above board.

4. How does the lot size compare?
The land area is a standout feature. At over 5,200 sqft, it is larger than more than half the lots on Aldine Street and offers substantial outdoor space relative to many urban properties.

5. What are the typical property taxes?
Taxes are calculated based on the assessed value ($39,700). Buyers should use the City of Winnipeg's tax calculator with this assessed value and the applicable mill rate to estimate annual property tax costs.