Property Overview: 1037 Edderton Avenue
Key Characteristics & Appeal
This is a modern, two-storey home built in 2024, offering a move-in-ready experience in Winnipeg's Beaumont neighbourhood. Its primary appeal lies in its combination of new construction benefits and a generous, renovated basement, providing flexible space from day one. With a living area of 1,404 sq. ft. on a 2,577 sq. ft. lot, it sits comfortably above average for the immediate area.
The home’s data reveals a thoughtful perspective: it represents a newer, substantially upgraded option on a street and in a neighbourhood dominated by much older homes (many from the 1930s-1950s). This creates a unique position—you get the modern floor plan, systems, and finishes without being in a brand-new subdivision. Its recent sale price and assessed value rank it among the top-tier properties locally, suggesting it is viewed as a premium offering in its context.
This property would ideally suit first-time buyers or young families seeking a modern home without the wait of building, and who value having a finished basement for extra living space, a home office, or guest accommodation. It’s also a sensible choice for buyers wary of the maintenance surprises that can come with older homes, preferring the warranty and efficiency of a nearly new build.
Frequently Asked Questions
1. What does the "renovated basement" include?
While the listing confirms the basement is renovated, specific details on finishes, layout, and whether it includes a legal suite or additional bedrooms should be verified with the seller or listing agent.
2. There's no garage listed. Is there alternative parking?
The listing shows no garage. Buyers should inquire about driveway capacity, on-street parking permits, or the potential to add a garage in the future, subject to local bylaws.
3. The home is new, but the neighbourhood is established. What are the pros and cons?
This is a key point. Pros include mature trees, established community character, and often larger lot sizes than new subdivisions. Cons can include narrower streets, less uniform home styles, and the potential for future renovation projects from neighbouring older homes.
4. How does the assessed value compare to the recent sale price?
The property was assessed at $53.40k and sold for $56.70k in May 2024. The sale price exceeding the assessment is common in active markets and for recently updated properties, indicating buyer demand perceived a higher value.
5. The lot is ranked highly for size, but the living area is more moderate. What does this mean?
It means the property offers a good balance. You have a larger-than-typical yard for the area (2,577 sq. ft.), which is a valuable asset for outdoor space, gardening, or play, while the home itself is a comfortable size without being overly large to maintain.