Property Overview: 1012 Aberdeen Avenue, Winnipeg

Key Characteristics & Buyer Appeal

This one-and-a-half storey home, built in 1925, presents a practical opportunity in Winnipeg's Burrows Central neighbourhood. Its primary appeal lies in the combination of a renovated basement and a land parcel that is significantly larger than most in the immediate area. At 4,552 sqft, the lot size ranks in the top 5% for Aberdeen Avenue, offering valuable outdoor space and future potential in a city where larger lots are increasingly rare.

The home itself, with 1,096 sqft of living space, is above average for the neighbourhood. Recent sale and assessment data suggest it represents a value-oriented entry point into the market. The renovated basement adds functional living space, a key asset. This property would best suit a first-time buyer, an investor, or a hands-on owner who values land size over a move-in-ready modern footprint. It's for those who see the appeal in a character home with a very strong lot size, and who are prepared for the maintenance or updates that come with a century-old structure.

Frequently Asked Questions

1. What does a "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 usable living space, such as a rec room or additional bedrooms, with likely updates to flooring, walls, and lighting. It's important to check the quality of the renovation and ensure any moisture or foundational issues have been properly addressed.

2. How does the low assessed value compare to the sale price?
The assessed value of $21,600 is for municipal tax purposes and is not a market valuation. The recent sale at $25,800 is a clearer indicator of its current market value. Both figures are significantly below Winnipeg's citywide average, reflecting the home's age, location, and the value perception of the neighbourhood.

3. The lot is large, but what about the house size?
This is a key perspective. The living area (1,096 sqft) is modest, especially compared to the lot size. The appeal here is the land itself—for gardening, expansion, or simply more privacy than nearby properties. Buyers should consider if the current house layout meets their needs or if they view the property as a long-term project with land to leverage.

4. What is the neighbourhood like?
Burrows Central is a mature, established neighbourhood. The provided data shows nearby homes with similar ages and assessed values, indicating consistency rather than outlier properties. Prospective buyers should visit at different times to gauge traffic, noise, and overall community feel to see if it aligns with their lifestyle.

5. There's no garage. How feasible is adding one?
The large lot size certainly makes adding a garage or a parking pad a more feasible project than on a standard city lot. Any addition would need to comply with local zoning bylaws regarding setbacks and lot coverage, so checking with the city early in the planning process is essential.