Property Overview: 372 Aldine Street, Winnipeg
Key Characteristics & Appeal
This is a well-maintained, single-storey home built in 1960, situated on a notably large lot of over 5,700 square feet in the Booth neighbourhood. Its primary appeal lies in a balance of space, recent updates, and value. The home itself is a manageable 1,064 sqft, but the significant, above-average lot size offers rare potential for expansion, gardening, or outdoor living in the city. A key feature is the renovated basement, which adds valuable finished living space.
The home’s recent sale history shows steady appreciation, and its current assessed value is in line with the neighbourhood. Its rankings indicate it sits on a larger-than-typical lot for the immediate area, which is a standout asset. This property would suit first-time buyers looking for a move-in-ready home with a low-maintenance footprint, or practical investors seeking a property with a strong land-to-building ratio and proven rental history in the area. It’s a grounded choice for those who value private outdoor space over a large interior or attached garage.
Frequently Asked Questions
Q: How does the lot size compare to others nearby?
A: The lot is a key feature, ranking in the top 17% on the street for size. At 5,782 sqft, it is substantially larger than many standard city lots, offering more privacy and potential.
Q: Has the property value been stable?
A: Yes. The sale price has increased from $25.5k in 2017 to $41.5k in 2023, demonstrating consistent growth. The current assessed value is consistent with recent sales in the wider neighbourhood.
Q: Is the basement a legal suite?
A: The listing notes a renovated basement but does not specify it as a legal secondary suite. Buyers should verify its status and compliance with local regulations with the city or their agent.
Q: What does "rank by area, larger = better rank" mean?
A: This statistic compares this property's lot size to others on the same street, in the neighbourhood, and across Winnipeg. A top 17% street rank means 83% of lots on Aldine Street are smaller than this one.
Q: The home is from 1960. What should I be aware of?
A: While the basement has been renovated, a home of this age may still have original components like plumbing, electrical, or the roof that require inspection. The recent updates are a positive, but a thorough inspection is recommended.