Property Overview
329 Aldine Street is a well-maintained one-storey home built in 1960, situated on a generous 5,202 sqft lot in Winnipeg's Booth neighbourhood. Its key appeal lies in its balance of space, recent updates, and solid value within its local context. The home features a renovated basement and a detached garage. Market data indicates it holds its own in the area, ranking in the top half of Winnipeg for lot size and overall value. It last sold in late 2017.
Key Characteristics & Appeal
This property’s primary strength is its substantial lot, which is larger than 80% of others on the street, offering ample outdoor space and potential in a mature neighbourhood. The renovated basement adds valuable finished living area to the 1,101 sqft main floor. Its assessed value is consistent with similar homes across several neighbourhoods, suggesting it is priced appropriately for its offering.
The home would suit first-time buyers or downsizers looking for a manageable single-level layout with a low-maintenance exterior and the bonus of a finished basement for extra space. It also appeals to value-conscious buyers who prioritize a larger yard over a newer build, and who see potential in a home that has already seen key updates. A less obvious perspective is its appeal to those who study local trends: it sold below its current assessed value in 2017, and its lot size ranking significantly outpaces its living area ranking, hinting that the land itself is a standout feature for the street.
Frequently Asked Questions
1. How does this home compare to others in the immediate area?
The property ranks highly for lot size (top 20% on its street) and is above average in the neighbourhood for living area. Its assessed value is mid-range for the street, suggesting it is a typical, well-situated property rather than an outlier.
2. What does having a "renovated basement" typically mean for a home of this era?
For a 1960s home, a renovated basement often means updated finishes and a comfortable living space, but buyers should inquire about the specifics of the renovation, including permits, moisture control, and the quality of the finishing work.
3. The home sold in 2017 for less than its current assessed value. What does that indicate?
This is not uncommon over a seven-year period and generally reflects market appreciation and any improvements made to the property since that last sale. It underscores the importance of a current market evaluation rather than relying on historical data.
4. Who might the detached garage be most important for?
It’s a key feature for buyers with a vehicle, needing workshop space, or seeking extra storage. In a neighbourhood with mostly older homes, a detached garage can also mean fewer concerns about vehicle fumes or noise entering the living area.
5. The rankings show the lot is large, but the living area is more average. What does this mean for a buyer?
This indicates the home may have a spacious yard relative to the house's footprint. It’s a positive for those who value outdoor space, gardening, or future expansion potential, but may suggest the indoor living space is efficient rather than expansive.