Property Overview
This 2019-built bi-level home at 1055 Aberdeen Avenue presents a distinct profile. Its primary appeal lies in being a modern structure within an established neighborhood, offering a move-in-ready foundation without the concerns of aging infrastructure common in the area. The home features a full, unrenovated basement and sits on a standard-sized lot.
The property is ideally suited for first-time buyers or investors seeking a newer, low-maintenance building envelope. Its assessed value is significantly higher than most immediate neighbors, reflecting its modern build, but it offers less living space than the citywide average. This creates a specific value proposition: you are paying a premium for the year of construction rather than square footage. It’s a practical choice for those who prioritize modern systems and efficiency over size, and who see potential in the basement for future expansion.
Key Details & FAQs
Key Characteristics & Appeal
- Modern in Mature Area: Built in 2019, this home is newer than 98% of properties in Burrows Central. This is its standout feature, offering contemporary construction standards, energy efficiency, and minimal immediate repair needs.
- Compact & Efficient: With 993 sqft of living space, it is average for the street but compact citywide. It suits buyers looking for efficient, easier-to-maintain spaces without the upkeep of a larger, older home.
- Value Profile: Its assessed value is in the top 7% for the neighborhood, indicating it is valued higher than most nearby homes—primarily due to its age. This suggests it may appeal less to buyers looking for the lowest price per square foot and more to those valuing modern infrastructure.
- Potential & Basics: The home includes a full basement (not renovated) and no garage, presenting a blank canvas for future development but requiring parking and storage considerations upfront.
Who It Suits
This home is a strong match for pragmatic first-time homeowners who want a worry-free structure in a central location. It also fits investors looking for a newer rental property with potentially lower maintenance costs. It is less suited for those needing ample finished space immediately or who prioritize large lot sizes.
Frequently Asked Questions
1. Why is the assessed value so much higher than the older homes on the street?
The assessed value reflects the property's very recent construction (2019). Modern building materials, electrical, plumbing, and insulation standards contribute to a higher valuation compared to the century-old homes that dominate the area.
2. What does "basement, not renovated" typically mean for a 2019 home?
It likely means the basement is unfinished but built to modern code. It should have a concrete floor, framed walls, and be ready for drywall and flooring. It represents significant potential for additional living space but requires an investment to finish.
3. Is the lack of a garage a major drawback?
This depends on your needs. The home has no garage, which is common for the area. Buyers should plan for street parking and consider the cost of adding a shed or future garage if secure storage is a priority.
4. How does the living space compare to a typical home?
At 993 sqft, the living area is average for Aberdeen Avenue but below the Winnipeg average. The floor plan is likely efficient, making it feel spacious for its size, but it is fundamentally a compact family home.
5. The home sold for nearly the same price in 2019. What does that indicate?
The stable sale price suggests the property has maintained its market value relative to its initial purchase. In a neighborhood with widely varying home ages, this can indicate a resilient valuation for newer construction, rather than rapid appreciation.