Property Overview & Key Characteristics
This renovated bi-level home at 916 Aberdeen Avenue is a practical and well-positioned property in Winnipeg's Burrows Central neighborhood. Built in 1963, it is notably newer than most homes on its street and in the immediate area, which often translates to fewer concerns over aging core systems. The home features a renovated basement and a detached garage, sitting on a standard city lot of just over 3,000 sqft.
Its primary appeal lies in its balance of updates and location-based value. The assessed value is significantly higher than area averages, suggesting substantial improvements or desirable attributes not immediately visible in the basic metrics. With a living space of 1,037 sqft, it offers functional space for a small household. This property would suit first-time buyers or downsizers looking for a move-in-ready home with modern touches in an established neighborhood, without the premium of a brand-new build. It also presents a compelling option for value-conscious buyers who appreciate a home that stands out positively against its direct neighbors in terms of age and perceived investment.
Frequently Asked Questions
1. Why is the assessed value so much higher than neighboring homes?
The assessed value ranks in the top 6% for both Aberdeen Avenue and Burrows Central, far exceeding local averages. This typically reflects major renovations, additions, or significant improvements that have added substantial value beyond the base structure and lot.
2. How does the lot size compare?
At 3,004 sqft, the lot is very typical for the street and the Burrows Central area, but is below the citywide average. This is standard for older, established neighborhoods and offers a manageable yard with lower maintenance.
3. What does the "bi-level" design mean for living?
A bi-level home typically features a main living area accessed by a short flight of stairs from the entrance, with a lower level that is partially below ground. This often creates distinct living zones and can make the renovated basement feel more integrated as living space.
4. Is the home older than it seems?
While built in 1963, it is actually considered newer than 87-90% of homes on its street and in Burrows Central, where many homes date to the early 1900s. This relative newness can be an advantage for structural integrity and system updates.
5. How does it fit within the broader Winnipeg market?
Citywide, this home sits in a different context. Its assessed value is below the Winnipeg average, while its lot size is also smaller than typical. This highlights its position as a solid, above-average property within its specific local market, rather than a city-wide standout, which can represent a smart value proposition.