Property Overview
This one-storey home on Aberdeen Avenue is a compact, character property built in 1910. Its key appeal lies in its renovated basement and detached garage, situated on a modest 2,283 sqft lot. The home is notably smaller in both living area (616 sqft) and land size compared to most in the city, which is reflected in its well-below-average assessed value. This creates a specific value proposition: it’s a home with updated fundamentals in a mature neighbourhood, priced for accessibility rather than size.
Key Characteristics & Ideal Buyer
The property’s defining characteristic is its scale. It is a smaller home on a smaller lot, which translates to lower property taxes and minimal maintenance demands. The appeal is practical and financial—it offers an entry point into homeownership with the benefit of a modernized basement. Its assessed value is typical for its immediate street but sits far below the Winnipeg average, highlighting its position as an affordable option in the broader market.
This home would suit a first-time buyer, an investor, or someone looking to downsize into a manageable, low-maintenance property without a major renovation project. It’s less suited for those needing ample indoor or outdoor space. A thoughtful perspective: for the right buyer, the below-average size is a feature, not a flaw, as it inherently limits carrying costs and upkeep time.
Frequently Asked Questions
1. How does the home’s size compare to others?
The living area of 616 sqft is significantly smaller than average for the street, neighbourhood, and especially the city. It ranks in the bottom 10% locally for living space.
2. What does the “renovated basement” include?
The provided details confirm the basement is renovated but do not specify the scope or finish. This would require clarification with the listing agent.
3. Is the assessed value a reliable indicator of the sale price?
The last recorded sale was in 2016 for $13,600, close to the current assessed value of $15,400. While assessed value is for taxation, the historical data suggests a relatively stable value range for this specific property.
4. What are the property taxes like?
Given the assessed value is in the $15k range—which is in the bottom 3% citywide—the municipal property taxes would be exceptionally low compared to the typical Winnipeg home.
5. Are the neighbouring properties similar?
Adjacent homes on Aberdeen Avenue are very close in proximity (8-23 meters away). While the specifics vary, nearby reference properties on other streets suggest a mix of similar small, century-old homes and some larger, more valuable properties in the Burrows Central area.