Property Overview: 248 Aldine Street, Winnipeg
Key Characteristics & Appeal
This 1968-built, one-storey home sits on a large 4,800 sqft lot in the Booth neighbourhood. Its primary appeal lies in a combination of space, recent updates, and value. The 1,275 sqft living area is above average for the immediate street, and the fully renovated basement significantly expands the usable space, a key asset not reflected in the official living area. While the home lacks a garage, the lot size offers ample outdoor potential.
Its strongest selling points are grounded and practical. The property ranks in the top 10% for lot size on its street and the top 8% within the broader neighbourhood, indicating a premium parcel of land for the area. The 2021 sale price of $37.5k aligns closely with the current assessed value, suggesting stable and realistic market pricing. This home would suit a first-time buyer, an investor, or a downsizer looking for a manageable single-level layout without sacrificing indoor and outdoor space. It’s a property for those who value a large yard over a garage and see the finished basement as immediate, move-in-ready living space rather than a project.
Frequently Asked Questions
1. What does the neighbourhood ranking actually mean?
The rankings compare this property against others on the same street, in the Booth neighbourhood, and across all of Winnipeg for specific metrics. For example, ranking in the top 10% for lot size on Aldine Street confirms this is one of the larger properties on the block, a notable advantage.
2. The home was sold in 2021. Is the price likely to be much higher now?
The 2021 sale price of $37,500 is a matter of public record and provides a recent benchmark. The current assessed value is very close at $34,800, which can help inform expectations but the final sale price will always be determined by the current market.
3. What are the implications of having no garage?
This is a trade-off for the large lot. Buyers should consider the cost and feasibility of adding a shed or future garage, factoring in local bylaws. For some, the ample yard space for parking or outdoor storage may offset the lack of a dedicated structure.
4. The year built (1968) ranks highly. Does that mean it's newer than most?
Surprisingly, yes—for its specific street. Ranking in the top 85% means it is newer than 85% of homes on Aldine Street, suggesting many neighbouring houses are older. This can be an advantage for systems and structure, but a professional inspection for a home of this age is still essential.
5. How should I interpret the "similar assessed value" listings?
These are properties across Winnipeg with the same municipal assessed value ($34.80k). They are not necessarily similar in style, size, or neighbourhood, but they show what price point this home is grouped with by the city assessor, highlighting its position in the broader market.