Property Overview: 1037 Aberdeen Avenue
This one-and-three-quarter storey home in Burrows Central presents a unique value proposition in Winnipeg’s market. Built in 1958, it is notably newer than most homes on its street and in the immediate neighbourhood. With 1,292 sqft of living space, it offers more room than many comparable local properties. A key feature is its renovated basement, adding functional space, and it includes a detached garage. The lot is a standard city size at just under 3,000 sqft.
Its primary appeal lies in its above-average characteristics for the area at a very accessible price point. The assessed and recent sale values are consistently higher than those of nearby homes, suggesting it is perceived as a well-maintained or updated property within its context. This home would suit a first-time buyer or an investor looking for a practical, move-in-ready property in a established neighbourhood without a high entry cost. It’s a sensible choice for those who prioritize value and functional space over a large lot or a brand-new build.
Frequently Asked Questions
1. Is the property in good condition?
The data suggests it is well-maintained. The renovated basement and its consistently higher assessed value compared to neighbouring homes indicate updates and care beyond the area norm.
2. Why is the sale price so much lower than the city-wide average?
This reflects the neighbourhood’s market dynamics. The home offers excellent value for this specific area, where property values are generally lower than the Winnipeg average.
3. What does "above average for the street/neighbourhood" actually mean?
It means that in direct comparison to similar nearby homes, this property ranks highly in key categories like year built, living area, and assessed value. You are getting a newer, larger, and more valuable asset relative to your immediate surroundings.
4. Is the detached garage a standard feature here?
Not necessarily. Many older homes in central neighbourhoods lack garages or have only carports. A detached garage is a valuable practical asset for vehicle storage and extra workspace.
5. What’s the potential downside of a home that’s newer than its neighbours?
While generally positive, it can mean slightly different architectural style or materials. It’s wise to ensure renovations are consistent with the home’s structure and that it doesn’t feel out of place on the streetscape.