Property Overview: 913 Aberdeen Avenue

This one-and-a-half storey home, built in 1913, presents a straightforward opportunity in Winnipeg's Burrows Central neighbourhood. Its key appeal lies in its land value and location, rather than the size or condition of the dwelling itself. The 770 sqft living area is modest, ranking below average for the street and city, and the basement is noted as unrenovated. There is no garage or pool. However, the property sits on a 3,000 sqft lot that is typical for the local area. The home last sold in September 2022 for $14,900, with an assessed value of $13,100, positioning it well below city-wide averages.

This property would primarily suit a specific type of buyer: those looking for an entry point into homeownership with a focus on the land itself, investors considering a hold-and-renovate or redevelopment project in the future, or buyers seeking minimal property tax and carrying costs. Its value is rooted in its potential and location, not in its current finishes or size. A thoughtful perspective is that this home represents the "bones" of a neighbourhood—it offers a chance to own a piece of a long-established community with the understanding that any modern comfort or space will require investment and vision from the new owner.

Frequently Asked Questions

1. Is this a move-in ready home?
No, it is not described as such. The listing specifically notes the basement is "not renovated," and the overall living area is quite small and dated, given the 1913 build date. Buyers should anticipate needing updates or being comfortable with very basic accommodations.

2. Why is the sale price and assessed value so low compared to Winnipeg averages?
The values reflect the property's current state, modest size, and the local market in Burrows Central. It ranks in the bottom tiers city-wide for assessed value, which is consistent with a smaller, older home that hasn't been modernized. This creates a lower barrier to entry.

3. What is the potential here for an investor or renovator?
The potential lies in the land and the structure's footprint. The lot size is standard for the area, and the home's simple, older design could allow for an addition or a full renovation over time. It represents a base for building equity through improvement rather than a finished product.

4. How does the property compare to its immediate neighbours?
The data shows it is very typical for Aberdeen Avenue and Burrows Central in terms of lot size and year built. Its living area is smaller than some nearby examples, and its assessed value is in the same general range as other older, unrenovated homes on the same block.

5. Are there any major red flags from the provided data?
The data provided doesn't detail structural or mechanical condition. The primary considerations are the age (113 years), which suggests potential for outdated systems, and the explicitly unrenovated state. Due diligence on the foundation, roof, wiring, and plumbing would be essential, as the low price likely accounts for needed major repairs.