Property Overview: 379 Aldine Street, Winnipeg

Key Characteristics & Appeal

This 1960-built, one-storey home sits on a large, 5,673 sqft lot in the Booth neighbourhood. Its primary appeal lies in a combination of generous outdoor space and key interior updates, offering a practical and grounded living proposition. The home itself is a manageable 1,049 sqft with a renovated basement, suggesting expanded living or utility space beyond the main floor. A detached garage provides additional storage or workshop potential.

The property’s strength is underscored by its rankings against local comparables. It consistently places in the top tiers for its lot size, living area, and year built within both its immediate street and wider neighbourhood, indicating it is a above-average offering in its locale. This isn't a brand-new build, but a well-situated property with a mature lot and sensible updates. It would suit first-time buyers seeking a move-in-ready home with room to grow outdoors, or downsizers looking for a single-level layout with the bonus of a finished basement and minimal maintenance on the home's footprint. The last known sale was in early 2017, so a buyer has the opportunity to establish new equity in a home that has likely been cared for over the past several years.

Frequently Asked Questions

1. What does the "renovated basement" typically include?
While specifics should be verified by a viewing and inspection, a renovated basement in a home of this era often means it has been finished into a livable space such as a family room, office, or additional bedrooms, and includes updated flooring, drywall, and lighting. It’s important to check the quality of the renovation and ensure any necessary permits were obtained.

2. How does the large lot size benefit a buyer?
Beyond simple outdoor space, a lot of this size (ranking in the top 21% on its street) offers valuable flexibility. It provides ample room for gardening, recreational space for children or pets, and potential for future additions like a shed, deck, or even a garage expansion, subject to local bylaws.

3. The home last sold in 2017. What does that mean for me?
A seven-year ownership period suggests the sellers have likely undertaken responsible maintenance and updates during their tenure. It also means the upcoming sale will establish a new, current market value, which can be an advantage compared to a very recent flip where value gains have already been realized by a previous investor.

4. The assessed value is much lower than the last sale price. Why?
Municipal assessed value is for taxation purposes and is not intended to reflect market value. It is often based on mass appraisal techniques and can lag behind the current real estate market. The sale price is determined by what a buyer is willing to pay in the open market.

5. What are the practical implications of a detached garage?
A detached garage offers excellent noise and smell isolation from the main house—ideal for woodworking, vehicle repairs, or as a hobby space. The trade-off is dealing with weather when going between your car and home. It also creates potential for a distinct aesthetic or garden design between the garage and house.