Property Overview: 1016 Aberdeen Avenue
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1912 on a standard city lot in Burrows Central. Its key characteristic is its modest scale, with a living area of 568 sq. ft. and an unrenovated basement. The detached garage adds practical storage or workshop space. The home’s primary appeal lies in its position as an accessible entry point into the Winnipeg market, underscored by a very low assessed value. It last sold in 2020 for $12,500.
The property would suit a specific type of buyer: an investor looking for a straightforward rental property with minimal initial capital outlay, or a hands-on, budget-conscious first-time buyer willing to live in the home while gradually making improvements. Its smaller size and lower property taxes could also appeal to someone seeking to radically downsize their living costs and footprint. A less obvious perspective is its potential as a "land-value play"; while the house itself is modest, the lot provides a foothold in the city that could be leveraged for future redevelopment as the area evolves.
Section 2: Frequently Asked Questions
1. What does the ranking data (e.g., "Top 96%") actually mean for the living area?
It means this home's living space is smaller than nearly all comparable properties. Specifically, it ranks 497th out of 520 homes on its street, indicating it is among the most compact houses in the immediate area.
2. Is the basement finished or usable?
The listing states the basement exists but is "not renovated." Buyers should anticipate an unfinished space that may require significant work to be used as living area.
3. Why is the assessed value so much lower than the city-wide average?
The assessed value of $11.4k is in the bottom 1% city-wide, reflecting the home's age, small size, lack of renovation, and the comparative property values in its specific neighbourhood and street.
4. How does the lot size compare to neighbours?
At 2,276 sq. ft., the land area is below average for the street, neighbourhood, and city. This is not an oversized lot; it is a standard, manageable parcel for the area.
5. The home sold for $12.50k in 2020. What does that suggest?
This recent sale price, close to the current assessed value, confirms the property's standing as a very low-cost option in the market. It suggests a stable, baseline value for this type of asset over the past few years.