Property Overview: 1112 Aberdeen Avenue

Key Characteristics & Appeal

This is a compact, one-storey home built in 1910, situated on a modest 2,284 sqft lot in Burrows Central. With 616 sqft of living space, an unrenovated basement, and no garage, it presents as a straightforward, no-frills property. Its primary appeal lies in its accessibility and potential. The assessed and recent sale values are notably low, positioning it as one of the most affordable entry points into the Winnipeg market. This isn't a move-in-ready showhome; its value is rooted in the land and the structure's possibilities.

The home would suit a specific type of buyer: a first-time purchaser or an investor comfortable with a project. It's ideal for someone seeking minimal upfront debt, with the patience and vision to make incremental improvements. A thoughtful perspective is that its smaller scale makes it inherently manageable and cost-effective to maintain, heat, and upgrade over time compared to larger, older homes. While its metrics (like lot size and living area) rank below averages for the street, neighborhood, and city, that is precisely what creates its low barrier to entry. It represents a classic "starter home" scenario—a chance to build equity in a foundational property.

Frequently Asked Questions

1. Is this a teardown property?
Not necessarily. While the living space is small and the basement is unrenovated, the home is assessed and sold as a habitable dwelling. It may be suitable for living in while planning future renovations or an expansion, depending on a buyer's goals and budget.

2. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the home's specific characteristics: its very small size, age, and lack of renovations relative to the broader Winnipeg market. It is assessed in line with similar, compact older homes in its immediate area.

3. What are the main considerations for renovating?
Given the age of the home, a priority would be to inspect the core systems (wiring, plumbing, foundation) first. The existing basement condition and the modest square footage mean any significant expansion would likely require an addition, subject to local zoning on the lot.

4. How does the lot size affect future plans?
At 2,284 sqft, the lot is smaller than many in Winnipeg. This means outdoor space is limited, and any potential addition or garage would need to be carefully planned to meet setback requirements and maximize the usable yard.

5. The home last sold in 2016. What does that indicate?
It suggests a period of stability and likely long-term ownership. For a buyer, it means the property hasn't been recently flipped, so any updates or changes in condition over the last 8+ years should be thoroughly evaluated during an inspection.