Property Overview: 907 Aberdeen Avenue
Key Characteristics & Appeal
This is a classic, one-storey home built in 1912 on a standard 3,000 sqft lot in Burrows Central. Its primary appeal lies in its position as an affordable entry point into the Winnipeg market, particularly for a specific type of buyer. The 600 sqft living area is notably compact, placing it in the bottom tier for size both locally and city-wide, which indicates this is a true starter home or a pragmatic investment property.
The home’s assessed value is modest, coming in well below the city average, which translates to lower property taxes—a key financial consideration. While the basement exists, it is unrenovated, and there is no garage or pool. The lot size is average for the immediate street and neighborhood, offering typical outdoor space for the area.
This property would best suit a first-time buyer comfortable with a "right-sized" footprint, an investor looking for a rental property with a lower tax burden, or a buyer who prioritizes location and lot potential over move-in-ready finishes. Its value is grounded in fundamentals: affordability, lower ongoing taxes, and the opportunity to add value through updates over time. A thoughtful perspective is that its very compact size and vintage could appeal to those seeking a minimalist lifestyle or a manageable property without excess space to maintain.
Frequently Asked Questions
1. Is the low assessed value a concern?
Not necessarily. It primarily reflects the home's age, size, and market position for taxation purposes. A low assessment typically means lower annual property taxes, which is a positive for ongoing affordability.
2. How significant is the small living area?
At 600 sqft, the living space is significantly below averages for the street, neighborhood, and city. Buyers should be prepared for a compact layout and consider if the floorplan meets their spatial needs, though this is a key factor in the home's accessible price point.
3. What does the "unrenovated basement" imply?
It means the basement is in original or utility condition, not finished as living space. It provides storage and houses mechanical systems but would require investment to become a family room, bedroom, or rental suite.
4. How does the lot size compare?
The 3,000 sqft lot is average for Aberdeen Avenue and Burrows Central. It provides standard yard space for the area but is below the much larger city-wide average, as many newer neighbourhoods have bigger lots.
5. What is the context of the 2019 sale price?
The home sold for $140k in 2019, which was around average for Aberdeen Avenue at the time but below area and city averages. This historical sale supports the profile of the home as a consistently more affordable option within its market.