Property Overview: 1030 Waterford Avenue
Section 1: Key Characteristics & Appeal
This is a classic, one-storey home built in 1945, situated on an exceptionally large lot in Winnipeg's Beaumont neighbourhood. Its primary appeal lies in the land itself—at 11,588 sqft, the property is larger than 95% of lots on its street and 98% within Beaumont, offering rare potential for expansion, gardening, or outdoor living. The home is modest at 768 sqft, with an unrenovated basement and no garage, positioning it as a true value-play on the land.
The property suits two main types of buyers. First, it's ideal for an investor or renovator looking for a "blank canvas" project where the significant lot size adds substantial underlying value and future equity. Second, it could appeal to a pragmatic, first-time buyer willing to live with the home's current condition to secure a large, established lot in a mature neighbourhood, with improvements made over time. A less obvious perspective is its appeal to those seeking a lower property tax burden, as the assessed value remains relatively low for the area, reflecting the home's condition rather than its land value.
Section 2: Frequently Asked Questions
1. What does "rank by area, larger = better rank" mean for this lot?
This statistic shows the property's lot size is in the top 5% on its street and top 2% in the Beaumont neighbourhood, meaning it is genuinely one of the largest plots available in the area.
2. The home seems small and older. What is the main value driver here?
The value is primarily in the land. The data indicates you are purchasing a lot size that is now very rare for the area, with the existing house representing the entry cost to secure that land.
3. How does the assessed value compare to recent sales?
The current assessed value is $26.70k. A nearby, very similar home at 1013 Waterford Avenue (larger house, smaller lot) is assessed at $30.20k. This property last sold in July 2021 for $27.50k, suggesting a stable value based on its unique characteristics.
4. What are the implications of the basement being "not renovated"?
This confirms the basement is in original or utilitarian condition. It offers functional space or storage but will require investment for modern living standards or legal suite potential.
5. The home ranks poorly for living area and year built. Is this a concern?
These rankings confirm the house itself is smaller and older than most in Winnipeg. This isn't a concern if your priority is the land for future rebuilding, expansion, or outdoor use, but it is a key consideration if you require immediate move-in condition or more interior space.