Property Overview
This is a modest, century-old one-storey home on a standard city lot in Winnipeg's Burrows Central neighbourhood. Its key appeal lies in its position as an affordable entry point into the market, particularly for its land value. The 2,999 sqft lot is above average for the immediate street and area. The home itself is compact at 770 sqft, with an unrenovated basement and no garage, indicating it's a candidate for future updates or expansion.
It would best suit a pragmatic first-time buyer, an investor looking for a land-hold opportunity, or a hands-on individual comfortable with a property that has maintenance needs reflective of its 1910 build date. The very low assessed value suggests minimal property tax costs, which is a significant but less obvious advantage for budgeting or holding the property while planning future improvements.
Frequently Asked Questions
Is this a teardown property?
Not necessarily. While the living space is small and the basement is unrenovated, the assessed value is in line with similar homes on the same street. This suggests it's currently valued as a liveable home, though its long-term potential is likely tied to the land and the possibility of a significant renovation or rebuild.
How does the lot size compare?
The lot is a notable feature. At just under 3,000 sqft, it is larger than many lots in the immediate area and on Aberdeen Avenue itself, ranking in the top 56% locally. This provides more outdoor space and potential redevelopment flexibility than is typical for the price point.
What does the "below average" ranking for Year Built mean?
Built in 1910, the home is older than most in the city. This typically means potential for character, but also requires a proactive approach to maintenance for systems like wiring, plumbing, and the foundation. It's wise to budget for updates that newer homes may not need.
Why is the citywide assessed value comparison so extreme?
The assessed value ($14,900) is in the bottom 3% citywide because the comparison includes all property types, like newer suburban homes and luxury estates. This highlights that the home is in Winnipeg's more affordable market segment. The more relevant comparisons are to the street and neighbourhood averages, where it aligns closely.
Are the nearby "similar value" properties good comparables?
Not directly. The list includes condo units and other property types with the same assessed value. For a true comparison of this single-family home, focus on the listed "For reference" properties on Aberdeen Avenue and in Burrows Central, which have similar lot sizes, ages, and values.