Property Overview: 928 Aberdeen Avenue, Winnipeg
Key Characteristics & Buyer Appeal
This is a compact, one-storey home on a standard city lot in the Burrows Central neighbourhood. Built in 1914, its key characteristic is its modest 560 sqft living area, which is notably smaller than most homes on its street and across Winnipeg. The property features a detached garage and a basement that is present but not renovated. The land size is a typical 3,004 sqft for the area.
The primary appeal lies in its position as an accessible entry point into the Winnipeg market. With a recent sale price significantly below city averages, it represents a low-barrier investment or a straightforward homeownership opportunity. Its appeal is practical rather than luxurious, suited for a first-time buyer comfortable with a smaller footprint, an investor looking for a rental property, or someone seeking a minimal-maintenance base in a central location. A thoughtful perspective is that this smaller, older home on a decent lot presents a clear "blank canvas" scenario—its value is in the land and the structure's potential, not in finished living space. It’s a property for those who see utility and possibility, not move-in-ready perfection.
Frequently Asked Questions
1. Is the basement finished or usable for living space?
No, the listing specifically notes the basement exists but is "not renovated." It should be considered unfinished utility space.
2. How does the property's size compare to others nearby?
The 560 sqft living area is well below average for Aberdeen Avenue and the broader neighbourhood. However, the lot size is fairly typical for the street, which is a positive for outdoor space or future expansion.
3. What does the assessed value indicate?
The municipal assessed value is very low ($10,900), which reflects the home's modest size and condition relative to its land. It's important to note this is not a market valuation; the recent sale price of $120k is the current market indicator.
4. The home sold recently in 2024 and before that in 2020. What does that suggest?
The sale four years prior suggests possible turnover as a starter home or investment property. The price increase from $90k to $120k over that period aligns with broader market trends, indicating the property has maintained its relative market position.
5. Are there similar homes in the area for comparison?
The listing references 912 Redwood Avenue as a comparable "for reference." It is a similarly sized home (589 sqft) from 1913 with an even lower assessed value, which helps contextualize this property's niche in the local market.