Property Summary: 267 Aldine Street
Key Characteristics & Appeal
This is a well-situated, one-storey home in Winnipeg's Silver Heights neighbourhood, built in 1960. Its primary appeal lies in a combination of generous outdoor space and a recently renovated basement. The lot is a standout feature at over 5,200 square feet, placing it in the top third for size on its street, which offers ample room for gardening, play, or expansion. The home itself is compact at 936 sqft, but the finished basement adds functional living space.
The property suits first-time buyers or downsizers looking for a manageable, single-level layout in an established area, with the basement renovation providing immediate move-in comfort. It also appeals to value-conscious buyers who prioritize land size over a large interior footprint, seeing potential in the sizable yard. The home’s assessed value ranks solidly above average for the city, suggesting it is a substantiated investment within its market segment. A thoughtful perspective is that while the house is older, its lot size is a permanent asset that newer subdivisions often can't match, offering a classic neighbourhood feel with room to breathe.
Frequently Asked Questions
1. How does the property’s value compare to the neighbourhood?
The home’s assessed value ranks in the top 27% for Silver Heights, indicating it is considered more valuable than many surrounding properties, likely due to the renovated basement and above-average lot size.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. A buyer should inquire about the finishes, permits, and whether it includes a bathroom or legal secondary suite potential.
3. Is the detached garage included?
Yes, the property includes a detached garage. Its size, condition, and whether it has power or is insulated would be key points for verification.
4. How does the living space compare to nearby homes?
At 936 sqft, the main floor living area is smaller than the neighbourhood average but is in the top 13% for size on Aldine Street itself. The renovated basement provides additional, undefined space.
5. Why was the last sale price in 2019 significantly lower than the current assessed value?
The home sold for $23.5k in 2019, well below the current $30.1k assessment. This gap likely reflects the basement renovation work completed after that sale, market appreciation, and the consistent premium for larger lots in the area.