Property Overview

This one-and-a-half storey home on Aberdeen Avenue, built in 1921, presents a straightforward opportunity in Winnipeg's Burrows Central neighbourhood. Its key appeal lies in its land value and location fundamentals rather than a renovated or move-in-ready condition. The property sits on a roughly 3,000 sqft lot, which is a practical size for the area and street. While the 910 sqft living space is compact and the basement is noted as unrenovated, the home's assessed value consistently ranks above average for Aberdeen Avenue itself, suggesting it is viewed as a solid asset within its immediate context. Recent sale history shows significant appreciation between 2016 and 2019.

This property would suit a value-focused buyer looking for a foothold in the neighbourhood, potentially a first-time investor or an owner willing to take on gradual updates. It's a home that asks the buyer to see potential in its structure and lot, making it less suitable for those seeking immediate modern finishes or turnkey convenience.

Frequently Asked Questions

1. What does "above average assessed value for the street" actually mean?
It means that, compared to similar properties on Aberdeen Avenue, this home's official city assessment is higher than most. This can indicate the property is considered a stronger asset on its own street, but it's important to distinguish this from market sale price, which is determined by buyers.

2. Is the unrenovated basement finished or usable?
The listing specifies it is "not renovated." This typically means the basement is in original or utility condition, lacking finished living spaces. It should be evaluated for essential systems (heating, electrical) and moisture control.

3. The home sold for twice the price in 2019 compared to 2016. Does that guarantee future appreciation?
Not necessarily. While it shows a positive trend, past increases are not a promise of future performance. Market conditions, neighbourhood developments, and the property's condition all play ongoing roles.

4. How does the lot size compare practically?
At just under 3,000 sqft, the lot is slightly below the average for the broader city but is very typical for the central neighbourhood. It provides adequate outdoor space for a garden or patio without extensive maintenance demands.

5. What's less obvious about the "one-and-a-half storey" design?
This classic Winnipeg style often features a primary floor with living areas and a second floor under sloped eaves, creating cozy but sometimes limited headspace in the upper rooms. It's a efficient, character-filled layout that maximizes the footprint.