Property Overview: 1076 Aberdeen Avenue
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home in Winnipeg's Burrows Central neighbourhood, built in 1910. Its key feature is a renovated basement, adding valuable finished space to the 836 sqft main floor. The property includes a detached garage.
The primary appeal lies in its position as an affordable, low-maintenance entry point into the housing market. With a recent sale price significantly lower than the city-wide average, it represents a practical opportunity for first-time buyers or investors seeking a straightforward rental property. The renovated basement offers immediate utility without the need for initial projects.
The home suits buyers with a clear focus on essentials and budget. It’s ideal for a minimalist, a small household, or an investor looking for a property with a stable assessed value in line with its immediate area. A thoughtful perspective is that while the land size is modest compared to city lots, it translates to less exterior upkeep. Its age and smaller size mean it likely has lower utility costs and property taxes than larger, newer homes, which can be a significant long-term advantage.
Section 2: Frequently Asked Questions
1. What does "renovated basement" typically include?
While specifics should be verified, a renovated basement in a home of this age and price point often means it has been finished into a usable living space, likely with proper flooring, walls, and ceiling. It may serve as a rec room, additional bedroom, or utility space.
2. How should I interpret the assessed value versus the sale price?
The assessed value ($17,100) is for municipal tax purposes. The recent sale price ($22,500) is the market value. The notable difference suggests a sale based on land value, condition, or other market factors, not the tax assessment. It's crucial to get a current market evaluation.
3. Is the smaller lot size a disadvantage?
It depends on your priorities. While it offers less yard space, it also means significantly less maintenance, lower landscaping costs, and potentially a more community-focused street feel. For many, this is a practical trade-off.
4. What are the considerations with a home built in 1910?
While the basement has been updated, the core structure is over a century old. A thorough inspection is essential to understand the condition of the foundation, original plumbing, wiring, and the roof. Its charm comes with the responsibility of maintaining an older building envelope.
5. How does this property compare to others on the street?
The data shows its living area and assessed value are generally around average for Aberdeen Avenue. The recent sale price, however, appears lower than many nearby transactions, which could indicate this was a particularly motivated sale or that the property is smaller or configured differently than direct neighbours.