Property Overview: 829 Aberdeen Avenue

This one-storey home on a standard city lot presents a straightforward opportunity in Winnipeg's Burrows Central neighbourhood. Built in 1912, its key appeal lies in its position as an affordable, no-frills entry point into the housing market. The home features a modest 913 sqft of living space, a detached garage, and an unrenovated basement. Its assessed value is consistently around the $18,500 mark, which is very typical for similar homes on its street and in the immediate area, but places it well below the citywide average. This isn't a move-in-ready showhome; its value is rooted in the land and the structure's potential, rather than in modern finishes or size.

The property would suit a practical, value-conscious buyer. This could be a first-time purchaser comfortable with a home that needs gradual updates, an investor looking for a stable rental property, or someone seeking a low-cost footprint with the flexibility to customize over time. Its appeal is utilitarian: you're paying for fundamentals, not premium features. A thoughtful perspective is that while the home's metrics are average for its specific peer group, they are below average for the wider city, highlighting Burrows Central as an area where modest, historically affordable housing stock has been preserved. This creates a clear niche for buyers priced out of hotter markets.

Frequently Asked Questions

1. What does "unrenovated basement" typically mean for a home of this age?
It likely indicates a foundational, usable space that remains in original or largely untouched condition. Expect a concrete floor, basic walls, and fundamental utilities. It offers storage and mechanical space but would require significant investment to finish as a living area.

2. How should I interpret the assessed value compared to the sale price?
The home last sold in 2016 for its assessed value of $18,500. In stable, modest-value neighbourhoods, assessed value and sale price are often closely aligned, unlike in volatile markets. This suggests a history of stable, low-value transactions, not rapid appreciation.

3. The lot size is noted as "around average" for the street but "below average" citywide. Why is that important?
It confirms the property is typical for its established neighbourhood, where lots are generally smaller and closer together. This isn't a suburban-style property. The value is in the efficient use of a standard city lot, not in expansive outdoor space.

4. Who might the "comparable" nearby properties be, like those on Redwood or Boyd Avenue?
These are likely similar one-storey, early-1900s homes in the same core neighbourhood. They serve as a benchmark, showing that this property's value, age, and size are consistent with the area's character. It’s a good indicator of neighbourhood pricing stability.

5. What is the main takeaway from all the ranking data (Top 56%, Top 71%, etc.)?
The data shows this property is consistently ordinary within its immediate context but falls below Winnipeg-wide averages. This reinforces that it is a quintessential example of the affordable, older housing stock in its specific community, not an outlier.