Property Overview: 1095 Parker Avenue
Key Characteristics & Appeal
This is a well-established one-and-a-half storey home in Beaumont, built in 1952 on a generous 5,086 sqft lot. Its key updated feature is a renovated basement, adding valuable finished space to the 1,072 sqft main living area. The home includes a detached garage. Its appeal lies in a balance of character and practicality: it offers the larger lot size and mature setting of an older neighbourhood, coupled with the modernized utility of a renovated lower level. The property ranks consistently in the middle to upper tiers for lot size and condition within its immediate street and broader neighbourhood, suggesting a solid, maintained home in a stable area.
This home would suit a first-time buyer or practical downsizer looking for a move-in-ready property without the premium of a new build. It’s ideal for someone who values interior updates over a brand-new structure and appreciates the potential of a sizable, established yard. A thoughtful perspective is that while the home itself is average in size for the area, the lot size is above average, offering a relative scarcity—outdoor space—that is increasingly valued. The significant jump in assessed value since its 2017 sale also indicates substantial improvement and strong market positioning.
Frequently Asked Questions
1. What does the "renovated basement" typically include?
While specifics should be verified, a renovated basement in a home of this era often means it has been finished into a livable space, potentially including a recreation room, additional bedroom, or laundry area, with proper flooring, walls, and ceilings.
2. How does the age of the home affect maintenance?
Built in 1952, the core structure is mature. Buyers should prioritize inspections for age-related systems like plumbing, electrical, and the roof, while appreciating that the renovated basement likely addresses one major area of potential update.
3. What are the implications of a detached garage?
A detached garage offers flexibility and can reduce noise transfer, but it means navigating the outdoors to access your vehicle, which is a consideration during Winnipeg winters.
4. The assessed value has risen significantly since 2017. What does this mean?
The increase from a $28.20k sale price to a $35.10k assessment suggests substantial improvements were made to the property, reflecting in its official valuation and likely its market price.
5. How does this property compare to others on the street?
The home ranks in the top half of Parker Avenue for lot size, living area, and assessed value, indicating it is a competitive and above-average property on its own street.