Property Overview & Appeal

This one-and-a-half storey home on Aberdeen Avenue is a classic Winnipeg character property built in 1911, offering a blend of historical charm and practical potential. Its key appeal lies in its substantial 2,999 sqft lot, which ranks within the top third for size on its street, providing valuable outdoor space in the city. With 903 sqft of living space and an unrenovated basement, it presents a straightforward canvas for buyers. The home’s assessed value is notably low relative to the city, which may indicate an entry-level price point but also suggests a project-in-waiting.

This property would suit a pragmatic first-time buyer, an investor looking for a hold-and-renovate opportunity, or someone seeking a modest home with a large yard in a central neighbourhood. Its appeal is less about immediate move-in readiness and more about the underlying value of the land and the structural opportunity it represents. A thoughtful perspective is that while the home itself is modest in size and condition, its lot size and location in Burrows Central offer a rarity: space to grow, garden, or expand in the future, which is increasingly valuable.

Frequently Asked Questions

1. What does "unrenovated basement" typically imply?
It generally means the basement is in original or functional condition, likely lacking modern finishes. Buyers should budget for potential updates to insulation, moisture control, or foundational repairs, and view it as usable storage or future living space pending renovation.

2. How significant is the lot size?
At nearly 3,000 sqft, the lot is a standout feature. It offers more private outdoor space than many city lots and provides flexibility for gardening, recreation, or future additions like a garage or deck, which adds long-term value.

3. Should the low assessed value be a concern?
Not necessarily. A low municipal assessment often correlates with a lower purchase price and property taxes, which can be an advantage. It primarily reflects the home’s current condition and market value at its last assessment, not its potential after improvements.

4. What is the neighbourhood like?
Burrows Central is a mature, established neighbourhood. The listing shows nearby homes with a wide range of assessed values, indicating a mixed and evolving area. Prospective buyers should visit at different times to gauge the community feel and street activity.

5. What are the main considerations given the age of the home?
Built in 1911, the house likely has solid construction but may require updates to major systems like wiring, plumbing, and insulation. An inspection is crucial to understand the condition of the original structure and to plan a realistic renovation budget.