Property Overview: 1003 Southwood Avenue, Winnipeg
Key Characteristics & Appeal
This 2017-built bi-level home in Beaumont offers modern living in a well-established neighbourhood. Its primary appeal lies in being a relatively new construction (just 9 years old), which ranks in the top 10% for age on its street and top 7% in the neighbourhood, suggesting lower immediate maintenance and updated building standards. The home sits on a generous 6,700 sqft lot, providing ample outdoor space that ranks highly for size in the area. A key feature is the renovated basement, adding valuable finished living space to the 1,044 sqft main footprint.
The property suits first-time buyers or downsizers seeking a move-in ready, low-maintenance home without sacrificing yard space. Its strong rankings for lot size and building age in a mature area offer a balanced proposition: newer home comforts within a settled community. The assessed value has held steady, indicating stable market perception. A thoughtful perspective is that while the living area is modest, the renovated basement and large lot provide flexible space for expansion, hobbies, or gardening, which is often harder to find in newer subdivisions.
Frequently Asked Questions
1. How does the "bi-level" design affect daily living?
A bi-level typically features split entry stairs, with living areas on one level and sleeping areas on another half-level. This can offer good separation of space but involves frequent stair use, which is an important layout consideration.
2. What does the "renovated basement" likely include?
While specifics require viewing, in a home of this age, a renovated basement often means it is finished as a legal living space, potentially adding bedrooms, a family room, or a secondary suite, significantly increasing usable square footage.
3. There's no garage; what are the parking options?
The property listing indicates no garage. Buyers should investigate driveway space or the potential to add a parking structure, as on-street parking regulations can vary.
4. The home sold in early 2021; what does that recent sale history indicate?
The sale price of $38.6k in 2021 is close to the current assessed value of $40.5k, suggesting the market value has remained relatively stable over the past few years, which can be appealing for price-conscious buyers.
5. The lot is large, but how does the living area compare to nearby homes?
At 1,044 sqft, the living area is moderately sized compared to immediate neighbours. The appeal here is the trade-off: a newer home on a larger lot, rather than maximum interior square footage. The renovated basement effectively supplements this space.