Property Overview
This one-storey home on Aberdeen Avenue in Winnipeg's Burrows Central neighbourhood presents a practical and affordable entry point into the housing market. Built in 1912, its key appeal lies in its renovated basement and detached garage, offering immediate functionality. With 820 sqft of living space on a 2,940 sqft lot, it is a compact property that ranks as having below-average land and living area for the city, but is more in line with the scale of its immediate area.
Its primary suit is for first-time buyers or investors seeking a straightforward, lower-maintenance property with recent updates. The home’s recent sale price of $220k is notably above its assessed value and represents a significant increase from its 2017 sale, indicating active market interest in the area. A thoughtful perspective for a buyer is to recognize this as a home where value is derived more from its functional updates and location than from its size or vintage, making it a sensible, no-frills choice rather than a standout heritage property.
Frequently Asked Questions
1. How does the property's size compare to the neighbourhood?
The living area of 820 sqft is around average for Burrows Central, but the lot size is below average for both the neighbourhood and the street. This suggests a more compact yard, which could mean less exterior maintenance.
2. What does the significant increase in sale price from 2017 to 2024 indicate?
The jump from $16.5k to $220k likely reflects a major renovation (as noted with the basement) and a strong local market trend. Buyers should investigate what specific improvements were made and ensure the price aligns with comparable, recently sold homes.
3. Is the older year of build (1912) a concern?
While the home is older than most in Winnipeg, it is around average for Aberdeen Avenue itself. An older home requires diligent inspection for foundational integrity, plumbing, and electrical systems, though a renovated basement is a positive sign of some updates.
4. Who would this property best suit?
It's well-suited for a first-time homebuyer or an investor looking for an affordable, single-level home with some modern touches. Its compact scale and lower assessed value also make it a candidate for those looking to minimize property tax burdens relative to market value.
5. How does the detached garage add value?
In a neighbourhood with below-average lot sizes, a detached garage provides essential secure parking and storage without consuming living space, a valuable asset that enhances the property's utility, especially during Winnipeg winters.