Property Overview: 914 Aberdeen Avenue
Key Characteristics & Appeal
This one-and-a-half storey home, built in 1912, presents a practical opportunity in Winnipeg's Burrows Central neighbourhood. Its key appeal lies in its solid, average positioning within the immediate area. The lot is a manageable 3,004 sqft, typical for the street, and the 1,056 sqft living space is squarely in line with neighbourhood norms. It features a detached garage and a basement that is present but unrenovated, indicating a blank canvas for future development.
The property suits buyers looking for an affordable entry point into homeownership, or investors seeking a straightforward rental property with stable local metrics. Its recent assessed value is notably low, which can be a double-edged sword: it suggests lower property taxes, but also reflects the home's age and condition. A thoughtful perspective is that this home represents the "bones" of the neighbourhood—it’s not an outlier in size or value, but a standard example of the area's housing stock. This can offer stability and predictability, making it a sensible choice for those who value practicality over prestige. The sale history shows a significant price correction between 2019 and 2020, underscoring the importance of a thorough inspection to understand its current state and true market value.
Frequently Asked Questions
1. What does "around average" for this property actually mean?
The data shows that compared to similar homes on Aberdeen Avenue and in Burrows Central, this house is consistently middle-of-the-road in terms of lot size, living area, and recent assessed value. It is not exceptionally large or small, new or old, for its specific locale.
2. Why is the most recent sale price so much lower than the 2019 sale?
The drop from $190,000 in 2019 to $21,500 in 2020 is dramatic and atypical of normal market fluctuation. This strongly suggests a significant change in circumstances, such as a sale under distress, a major change to the property title (like a severance), or a substantial change in the property's condition. This point requires clarification from the listing agent.
3. Who would this home be a good fit for?
It is best suited for a budget-conscious buyer comfortable with a home from 1912, likely requiring updates. It could be a project for a hands-on owner, a rental investment given the low assessed value (and thus lower property taxes), or a tear-down candidate for the lot, given the detached garage and standard-sized parcel.
4. What are the implications of the unrenovated basement?
An unrenovated basement in a 114-year-old home means potential is paired with uncertainty. While it offers space to develop, it necessitates a careful inspection for foundational integrity, moisture management, and updates to electrical or plumbing systems that may be required for any future finishing.
5. How does the assessed value compare to nearby homes?
The current assessed value of $19,200 is very low, even for this area. For reference, nearby comparable homes on Alfred and Redwood Avenues are assessed between $20,300 and $22,900. This low valuation should be verified with the city’s assessment office to understand the specific factors considered.