Property Overview: 231 Aldine Street
Key Characteristics & Appeal
This well-situated two-storey home in Silver Heights offers a practical blend of space and established neighbourhood charm. Its primary appeal lies in its generous 3,910 sqft lot, which ranks in the top 1% for size on its street and within the wider neighbourhood, presenting a notable opportunity for outdoor living, gardening, or future expansion. The home itself features a renovated basement and a detached garage, adding functional living and storage space. With a living area of 1,232 sqft, it provides comfortable room for a small family or couple.
The property suits buyers looking for a solid, move-in-ready home in a mature area without the premium price tag of a new build. Its strong lot size is a standout asset for those who value private outdoor space. The 2023 sale price of $350k, combined with its current assessed value, suggests it sits in a stable, mid-range market segment. It’s an ideal fit for first-time homeowners seeking a foothold in a desirable community or for downsizers who want a manageable home without sacrificing yard space. A thoughtful perspective is that while the home was built in 1974, its above-average lot size in a long-established area offers a timeless value that newer subdivisions often can't match.
Frequently Asked Questions
1. How does the lot size compare to typical properties in Winnipeg?
The lot is 3,910 sqft, which places it in the top 24% for size across the entire city, making it significantly larger than many standard urban lots.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This would be a key point to clarify with the seller or listing agent to understand the quality and scope of the renovation.
3. Is the price reasonable for the area?
Based on its 2023 sale price of $350k and its assessed value being consistent with similar homes in wider Winnipeg, the price appears to be in line with the market for a home of this size and lot profile in Silver Heights.
4. What are the implications of the home being built in 1974?
While the home is over 50 years old, the renovated basement is a positive update. Buyers should prioritize a thorough inspection to assess the condition of major systems (roof, wiring, plumbing) common to homes of this era, as this can influence maintenance planning and value.
5. How does this property rank for someone who prioritizes a new home?
This home ranks in the middle ranges for its year built when compared to Winnipeg overall (top 54%). It appeals less to buyers seeking a modern build and more to those who value established neighbourhoods, mature landscaping, and the potential of a larger lot.