Property Overview

This one-and-a-half storey home, built in 1926, presents a practical opportunity in Winnipeg's Burrows Central neighbourhood. Its key appeal lies in its above-average living space and lot size for the immediate area, offering more room than many neighbouring homes. The property features a detached garage and a basement that is present but not renovated. Recent sales data and assessed value suggest it is positioned as an affordable entry point into the market.

Key Characteristics & Ideal Buyer

The home stands out locally for its generous 1,212 sqft of living area and a 3,049 sqft lot, both ranking above average for Aberdeen Avenue and the broader Burrows Central area. This means you get more interior space and yard than is typical for this price point in the community. While the century-old home will likely require updates, its assessed value is consistently higher than nearby comparables, indicating a solid foundation of perceived value. The appeal here is fundamentally about space and location for the price, rather than modern finishes.

This property would suit a first-time buyer, an investor, or a hands-on owner who values interior and yard space over move-in-ready condition. It’s for someone who sees potential in a home’s footprint and is prepared to renovate over time. A less obvious perspective is that, while its metrics are strong for the street, its city-wide rankings for lot size and year built are below average, highlighting that this is very much a neighbourhood-specific value play focused on inner-city character and affordability.

Frequently Asked Questions

1. What does "above average for the street" actually mean for this home?
The data shows that compared to other homes on Aberdeen Avenue, this property has more living space (top 22%) and a higher assessed value (top 19%). Essentially, you are getting a physically larger home with a historically stronger valuation than most on the block.

2. Is the basement finished or usable?
The listing specifies "Basement: Yes, not renovated." This confirms the home has a basement, but it is in an unfinished, likely original state. Budgeting for potential moisture-proofing, insulation, or foundational updates should be considered.

3. How does the recent sale price compare to the assessment?
The home sold for $19,800 in June 2023, which was below its $22,300 assessed value at the time. This is not uncommon and can reflect market conditions, the home’s specific condition, or sale terms.

4. What are the likely priorities for maintenance or renovation?
Given the 1926 build date, a pre-purchase inspection is crucial. Common priorities for homes of this era can include updating electrical and plumbing systems, addressing insulation, and renovating the kitchen and bathroom. The unrenovated basement is also a key area for potential improvement.

5. How does this home compare to others in the wider Winnipeg market?
The context shifts dramatically when viewed city-wide. While the home offers great space for its neighbourhood, its lot size and age rank below the Winnipeg average. This underscores that its value is anchored in the Burrows Central community, offering an affordable, character-home alternative to newer, often more expensive suburban properties.