Property Overview & Key Characteristics
This well-situated one-storey home at 1116 Parker Avenue in Winnipeg's Beaumont neighbourhood offers a classic layout with a modernized touch. Its key appeal lies in a combination of a generous, above-average 5,090 sqft lot and a recently renovated basement, providing immediate livable space and potential. Built in 1957, the home itself is a manageable 850 sqft, which ranks highly for size within its immediate area, suggesting a efficient use of space or additions over time.
The property’s value proposition is grounded in its solid positioning within the local market. It sits in the middle of the pack for assessed value on its street and in the neighbourhood, indicating a fair market price without premium. A thoughtful perspective is its 2020 sale price of $270k versus the current $340k assessment; this history invites a closer look at the specific renovations completed and overall market trends in the intervening years. The detached garage is a practical asset for storage or vehicle protection.
This home would suit first-time buyers looking for a move-in-ready property with a finished basement, or downsizers seeking a single-level layout on a private, spacious lot without excessive maintenance. It’s a practical choice for someone prioritizing land size and foundational updates over a large interior footprint.
Frequently Asked Questions
1. How does the lot size compare to others nearby?
At 5,090 sqft, the lot is larger than approximately 65% of properties on Parker Avenue, offering more outdoor space than most in the immediate area.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated, but specifics on finish quality, permits, and the nature of the renovation (e.g., legal suite, rec room, bedrooms) should be verified with the seller or listing agent.
3. The living area is 850 sqft. Does that include the renovated basement?
Typically, listed living area refers to above-grade, finished space. The 850 sqft likely represents the main floor, with the renovated basement adding additional, separate living space.
4. The home was built in 1957. What should I consider?
While the basement has been updated, a home of this age may have original major systems (like plumbing, electrical, or the roof) that require inspection to understand their condition and remaining lifespan.
5. How does the assessed value relate to the likely asking or sale price?
The assessed value of $340k is for municipal tax purposes and is a data point. Sale prices are determined by the current market. The fact it's near the middle of the range for the street suggests it is not atypically high or low for the area.