Property Overview: 976 Aberdeen Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home, built in 1954, presents a compelling opportunity centered on its generous scale and lot. Its primary appeal lies in its substantial living space of 2,140 sq ft, which ranks in the top 2% of similar homes on its street and the top 1% within the Burrows Central neighbourhood. This makes it a notably spacious offering for the area. The property sits on a large 5,144 sq ft lot, providing ample outdoor space and ranking in the top 4% locally.
The home suits buyers looking for a property with strong foundational assets—space and land—who are prepared for a project. It features a detached garage and a basement that is noted as not being renovated, indicating the potential for customization and value addition. The assessed and recent sale values are significantly above average for the immediate vicinity but below the wider city average, suggesting a property that stands out in its local market while remaining accessible. This profile is ideal for an investor, a handy homeowner seeking a blank canvas, or a family prioritizing interior and yard space over a move-in-ready finish.
A less obvious perspective is the home’s relative modernity for the area; its 1954 build year is newer than most comparable homes nearby, potentially implying updates to core systems compared to much older neighbours. Its value proposition is distinctly local: you are acquiring a top-tier property for this specific street and neighbourhood in terms of size and lot.
Section 2: Frequently Asked Questions
1. Is the home renovated or move-in ready?
The listing specifically notes the basement is "not renovated," and the overall context suggests the home is likely a fixer-upper or requires updates, making it a project for the buyer.
2. Why is the assessed value so much lower than the Winnipeg city average?
The assessed value reflects the local market conditions in Burrows Central. While the value is elite for the neighbourhood (top 5%), property values in this area are generally lower than the city-wide average, which includes newer suburbs and more expensive districts.
3. What does "Elite" or "Top 4%" ranking mean for the land area?
These rankings compare the property directly to similar home types. A "Top 4%" rank for land area means this lot is larger than 96% of comparable lots on Aberdeen Avenue, highlighting one of its standout features.
4. How does the living space compare to a typical modern home?
At 2,140 sq ft, the living area is substantial and exceeds the city-wide average for comparable homes (1,342 sq ft). It offers space comparable to many newer builds, but within an older character home layout.
5. What is the significance of the 2022 sale price?
The home sold for $30,500 in October 2022. This recent transaction provides a clear, concrete benchmark for its market value under previous conditions, which aligns closely with its current assessed value.