1032 Byng Place

Property Overview: 1032 Byng Place, Winnipeg

Key Characteristics & Appeal

This well-situated one-storey home in Beaumont sits on a large, mature lot of over 9,000 square feet, placing it in the top tier for land size within its immediate area. The home itself is a classic 1947 build with 800 sq ft of living space and features an attached garage and a renovated basement. Its primary appeal lies in a combination of location and lot value. The property ranks highly for its generous, private yard—a rarity in the city—while being positioned on a quiet street within a sought-after neighbourhood.

This home would suit a pragmatic buyer who values outdoor space and established communities over a large interior footprint. It’s an ideal candidate for a first-time homeowner comfortable with a cozy, efficient layout who wants room to garden or expand outdoors, or for an investor looking for a property with strong land value and the upside of a finished basement. A thoughtful perspective is that while the living area is modest, the expansive lot and top-tier street ranking offer a sense of space and permanence that newer, denser subdivisions often lack. The renovated basement adds functional living space, making the total usable area more competitive.

Frequently Asked Questions

1. How does the age of the home (1947) impact its value?
While older, the home benefits from a renovated basement, suggesting key updates. The lot size and location are significant drivers of its value, often outweighing the age of the structure for buyers seeking character and space in established areas.

2. Is the living space of 800 sq ft too small?
It depends on your needs. The layout is efficient for individuals, couples, or small families. The renovated basement and large lot effectively extend the living and recreational space beyond the main floor square footage.

3. Why is the assessed value notably lower than the last sold price?
Municipal assessed value for taxation purposes doesn't always align directly with current market value. The 2017 sale price reflects the market conditions of that time, while the assessment is an administrative valuation. A professional market evaluation is needed for today's price.

4. What does the "top tier" ranking for the street and neighbourhood actually mean?
These rankings compare this property's specific metrics (like lot size) against all other homes on the same street, in Beaumont, and across Winnipeg. A top 4% ranking for lot size on its street, for example, confirms its yard is among the largest and most private in the immediate area.

5. Who would this property not suit?
It may not suit buyers seeking a modern, open-concept layout without renovation work, or those who prioritize a very large interior above all else. The charm and value here are rooted in the lot and location, with the home serving as a functional starting point.