Property Overview: 866 Aberdeen Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a classic one-storey home built in 1914, situated on a standard city lot in the Burrows Central neighbourhood. Its key appeal lies in its position as an affordable entry point into the Winnipeg market, particularly for a detached home with a garage. The lot size, while below average for the city, is typical for the immediate area. The living space is compact at 720 sq ft, and the basement exists but is noted as not renovated, indicating a home that functions at a basic level.
This property would best suit a specific type of buyer: first-time purchasers, investors, or handy individuals looking for a straightforward, no-frills asset. Its low assessed value and recent sale price suggest a very accessible price point. The appeal is not in luxury or size, but in simplicity and potential. It’s a pragmatic choice for someone who values a detached structure and land over a modern or finished living space, and who sees the unrenovated basement as a blank canvas for future improvement rather than a drawback. A thoughtful perspective is that this home represents the "bones" of the market—it offers ownership without the premium for updates or larger square footage, appealing to those who prioritize financial feasibility over immediate comfort.
Section 2: Frequently Asked Questions
1. What is the true condition of the home?
The listing explicitly notes the basement is "not renovated," which strongly suggests the entire property is in original or basic condition. Buyers should budget for updates and be prepared for a home that likely needs modernization.
2. Is the lot size a disadvantage?
The land is below the city-wide average but is typical for older neighbourhoods like Burrows Central. It provides a manageable yard without excessive maintenance, which could be a positive for some.
3. Who might this property not suit?
It would not suit buyers looking for a move-in-ready home, those needing multiple bedrooms or spacious living areas, or anyone unwilling to take on future renovation projects.
4. How does the assessed value relate to the likely sale price?
The home last sold in 2021 for $13,500, close to its current assessed value of $12,400. This indicates a stable, low-value property where major market fluctuations are less likely, but it also means significant equity growth from market appreciation alone may be slow.
5. What are the less obvious considerations?
Given its age (112 years), a pre-purchase inspection is crucial to understand the state of major systems like wiring, plumbing, and the foundation. Also, the very low value means financing could be a challenge; some lenders have minimum mortgage amounts, so a substantial down payment or alternative financing might be necessary.