328 Aldine Street

Property Overview

This 1914 one-storey home in Winnipeg's Booth neighbourhood presents a classic, no-frills property with distinct characteristics. Its primary appeal lies in its generous 5,236 sqft lot, which is notably larger than over half the properties on its street and ranks within the top 16% for size in the wider neighbourhood. This offers significant potential for expansion, gardening, or outdoor living relative to other homes in the area. The house itself, with 798 sqft of living space, is compact and efficient.

The property would suit a pragmatic buyer—perhaps a first-time homeowner, an investor, or a downsizer—who values land size over a large existing footprint and is prepared for the upkeep of a 112-year-old home. Its assessed value ranks highly compared to neighbours, suggesting it is considered a solid asset in its locale. A thoughtful perspective is that while the home is historically older than most in Winnipeg, its lot size and assessed value metrics indicate it is not a "fixer-upper" in a declining area, but a stable property in a well-established community where land is a key driver of value.

Frequently Asked Questions

1. What does the ranking data actually mean?
The rankings compare this property to others on its street, in the Booth neighbourhood, and across Winnipeg. For example, its lot size is in the top 55% on its street (larger than half its neighbours), but its year built is in the top 3% on its street, meaning it is one of the oldest homes on the block.

2. Is the house in need of major renovation?
Given it was built in 1914, buyers should budget for updates and expect older building systems. However, its assessed value ranks in the top 14% of its neighbourhood, which suggests the city assessor views the current condition and improvements as stable and above average for the area.

3. Who might this property not suit?
It may not suit those seeking modern, low-maintenance living or more interior space, as the living area is compact. It's better matched for buyers who see potential in the large lot and are comfortable with the character and upkeep of a century home.

4. How does the lot size impact future plans?
The lot is a key feature. Its size (over 5,200 sqft) is well above typical for the area and could accommodate additions, a large garage/workshop, or extensive landscaping, subject to city zoning bylaws.

5. What is indicated by the recent sale history?
It sold in January 2021 for $22,600. The current assessed value is $22,400, showing remarkable stability in its official valuation over three years, which can be a sign of a non-speculative, steady market for the property.