Property Overview: 1007 Aberdeen Avenue, Winnipeg
Key Characteristics & Buyer Appeal
This home presents a distinct value proposition centered on its generous lot. Built in 1912, the 576 sqft house is compact, placing it well below average in size for its street, neighborhood, and the wider city. The assessed value of $120k follows a similar pattern, being notably modest compared to local and city-wide averages. The defining feature is the 4,797 sqft land area, which is significantly larger than most lots on Aberdeen Avenue and in the Burrows Central area, ranking in the top 4% and 12% respectively.
The primary appeal lies in this land-to-structure ratio. It offers a rare opportunity in the neighborhood for expansion, gardening, or outdoor space, all at a very accessible entry point. This suits practical, value-oriented buyers such as first-time homeowners comfortable with a smaller footprint, investors looking for a land-value play with rental potential, or hands-on individuals who see potential in a renovation or addition project. It’s a property where the long-term value may be more tied to the land itself than the current structure.
Frequently Asked Questions
1. Is the low assessed value a red flag?
Not necessarily. It primarily reflects the home's smaller size and age relative to its immediate area. The value is consistent with the provided data for similar compact, century-old homes in Burrows Central.
2. What are the implications of such a large lot?
Beyond extra yard space, it provides flexibility that is scarce in the area. Future owners may have more options for additions, building a garage, or landscaping. It's an asset that could future-proof the property or offer development potential subject to zoning.
3. The home is much smaller than area averages. Is it livable?
At 576 sqft, it is a compact living space, likely with a classic, simple layout. It would suit a minimalist, a single occupant, or a couple comfortable with efficient living. A viewing is essential to assess the flow and condition.
4. How does the 1912 build year affect things?
While the age is around average for the street, it means potential for character but also a need for diligence. Systems like wiring, plumbing, and the foundation should be carefully inspected, and renovations would need to consider heritage elements or outdated materials.
5. Why is there no sales history shown?
As noted in the data, sold price information is not sourced from the MLS. The listing service provides a manual lookup service for verified transaction history, which can be requested by email for exact figures.