Property Overview
This one-storey home on Aberdeen Avenue is a compact, character property built in 1913. Its key appeal lies in its balance of a renovated basement, a detached garage, and a lot size that is generous for its central Winnipeg neighbourhood. With a living area of 594 sqft, the house itself is modest, positioning it as an affordable entry point into the market. The land, at 3,000 sqft, is above average for similar homes in Burrows Central, offering valuable outdoor space or future potential. Its recent sale history shows a significant increase in value from 2017 to 2022.
This home would suit first-time buyers or investors looking for a lower-maintenance footprint with a finished basement for additional living or rental income. It’s a practical choice for someone who values a larger lot in an established area over a larger interior, and who is comfortable with the upkeep of a century-old structure.
Frequently Asked Questions
1. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finish or rooms. A buyer should inquire about the ceiling height, legal egress, moisture control, and whether it includes a bathroom or kitchenette to understand its full utility.
2. How does the small living area compare to nearby homes?
At 594 sqft, the living area is notably smaller than most in the immediate area. Neighbouring comparable listings show living spaces from 900 to 1,200 sqft. This highlights the home's focus on efficient use of space, supplemented by the renovated basement.
3. Is the assessed value a reliable indicator of the sale price?
No, the municipal assessed value of $16.3k is for tax purposes and is not a market valuation. The home last sold for $170k in 2022. Market conditions, property updates, and demand determine the sale price.
4. What are the implications of a 1913 build date?
While the home has historic character, it requires diligent inspection for aging components like wiring, plumbing, and the foundation. The positive trade-off is often a larger lot size, as seen here, compared to newer builds in the city.
5. The lot is larger than average for the neighbourhood—what does that mean?
The 3,000 sqft lot is a standout feature, offering more private outdoor space than many neighbouring properties. This provides room for gardening, expansion, or adding a shed, which is a valuable asset not reflected in the square footage of the home itself.