Property Overview & Appeal
This one-and-a-half storey home on a generous 4,800 sqft lot in Beaumont presents a solid opportunity in Winnipeg's established neighbourhoods. Its key appeal lies in its balance of classic character and practical updates. The home itself is of average size for the area, but the fully renovated basement adds significant functional living space, a major asset not reflected in the main floor square footage. While it lacks a garage, the large lot offers ample outdoor potential.
The property ranks highly for its lot size and assessed value within its immediate street and wider neighbourhood, suggesting it is a well-regarded holding in a desirable location. Built in 1948, it suits buyers looking for a home with mature infrastructure and trees, who value space over brand-new construction. It’s an ideal match for a first-time buyer, a downsizer seeking a manageable home with a sizable yard, or an investor attracted by the strong underlying land value and the appeal of a move-in-ready basement suite (subject to verification). A thoughtful perspective is that this home offers the chance to live in a mature community where the land itself represents a substantial portion of the investment, with the house providing comfortable living while future outdoor or cosmetic improvements are made over time.
Frequently Asked Questions
1. What does "renovated basement" specifically include?
The listing confirms the basement is renovated but does not detail the finishes or layout. A viewing is essential to assess the quality of the renovation, ceiling height, natural light, and whether it's configured as a legal suite, a rec room, or additional bedrooms.
2. How does the lack of a garage impact daily life and property value?
This is a key consideration for vehicle storage and winter convenience. The large lot may allow for the future addition of a garage or carport (subject to bylaws), which could be seen as a value-add project for a handy buyer.
3. The assessed value is notably lower than some nearby properties. Why?
Municipal assessed value for taxation purposes doesn't always equal market value. This assessment may reflect the home's age, lack of garage, or interior finishes. It's important to compare recent sale prices of similar homes, not just assessments, to understand true market value.
4. What are the typical maintenance considerations for a home built in 1948?
Prospective buyers should budget for and inspect age-related systems. This includes the roof, original plumbing or wiring, foundation integrity, and window efficiency. The renovated basement should be checked for proper moisture proofing.
5. The lot is large, but how is it shaped and oriented?
The total square footage is valuable, but the lot's practical use depends on its dimensions (wide vs. deep) and sun exposure. This affects gardening potential, privacy, and where an addition or garage could be placed.