427 Aldine Street

Property Summary: 427 Aldine Street

Key Characteristics & Appeal

This is a classic 1961 one-storey home in Winnipeg's Booth neighbourhood, situated on a notably large 5,509 sqft lot. With 1,275 sqft of living space, the house itself is above average in size for the street. Its primary appeal lies in its generous, private lot—a canvas for gardening, play, or future expansion—and the solid foundation of a well-located, no-frills property. The home presents as a true blank slate; the basement exists but is unrenovated, and there is no garage or pool, indicating a price point that reflects the need for modernization.

This property would best suit a hands-on buyer looking for a long-term project, a first-time purchaser comfortable with gradual improvements, or an investor seeking a land-value opportunity in a stable area. Its value is rooted in potential rather than present finish. A less obvious perspective is its appeal to those seeking simpler, single-level living without the upkeep of a multi-storey layout, and the lot size offers a rare sense of space and privacy for the area that is increasingly hard to find.

Frequently Asked Questions

1. What is the neighbourhood like?
Booth is an established, no-fuss residential area. The property ranks in the top 20% for lot size within the neighbourhood, suggesting it's on one of the more spacious streets, offering a quieter, more private setting compared to tighter lots.

2. What condition is the home in?
The listing explicitly notes the basement is "not renovated," and the absence of features like a garage or pool suggests the home is likely in original or basic condition. Buyers should budget for updates and be prepared for a project.

3. How does the assessed value relate to the likely selling price?
The assessed value is $29.7k, but it last sold for $310k in 2021. This large discrepancy is normal; municipal assessments for tax purposes are not market valuations. The past sale price is a far more relevant benchmark for current value.

4. Is the lot size a significant advantage?
Yes. At over 5,500 sqft, the lot is substantially larger than many in Winnipeg (ranking in the top 58% city-wide). This provides ample yard space and future potential, which is a key selling feature that may not be immediately obvious from the home's basic description.

5. What are the comparable properties nearby?
The listing shows nearby homes on Aldine Street are of similar vintage (early 1960s). Direct neighbours at 431 and 423 Aldine are virtually next door. Similar assessed values are found across various city neighbourhoods, but for true comparables, focus on recent sales in Booth with similar lot and home sizes.