Property Overview: 1130 Byng Place, Winnipeg
Key Characteristics & Appeal
This is a well-situated, classic one-storey home in Beaumont, built in 1953 on a generous 6,134 sqft lot. Its primary appeal lies in a combination of space, location, and value. The home features a renovated basement, adding functional living area to its 934 sqft main floor, and a detached garage. The lot size is a significant asset, ranking above average for its street and neighbourhood, offering ample outdoor space in a mature setting.
The property suits first-time buyers or downsizers looking for a manageable, single-level layout with room to grow or garden. Its strong lot size and renovated basement also make it a practical candidate for long-term holders who value potential over immediate luxury. A thoughtful perspective is its relative modernity compared to the street—built in 1953, it is newer than 93% of its immediate neighbours, suggesting potentially fewer issues with very aged infrastructure. The assessed value has risen notably from its 2019 sale price, indicating solid market recognition of the area and the property’s attributes.
Frequently Asked Questions
1. How does the living space compare to the area?
At 934 sqft, the main living area is moderately sized, ranking in the top 40% on its street but below the neighbourhood average. The renovated basement significantly adds to the usable space, making the total footprint more competitive.
2. What does the lot size ranking mean for me?
Ranking in the top 57% in Beaumont for land area, this lot is larger than more than half the properties in the neighbourhood. This means more private outdoor space, gardening potential, and room for additions like a shed or deck compared to many nearby homes.
3. The home was last sold in 2019. Is that a concern?
Not necessarily. The sale in 2019 appears to have been well below typical values at the time (ranking in the bottom 1% of the street for sale price). The current assessed value is substantially higher and in line with area norms, suggesting the 2019 sale may have been a unique situation, not a reflection of the property's condition or value trajectory.
4. Is the detached garage a standard feature here?
In this mature neighbourhood, a detached garage is common. It offers flexibility and separates workshop noise or projects from the main house, but requires going outdoors to access your vehicle.
5. Who might the nearby "similar assessed value" properties be for?
The list of homes with identical assessed values in neighbourhoods like Varsity View and Elmhurst is useful for comparison shoppers. It shows that at this price point, you are considering established central neighbourhoods, allowing you to compare lot sizes, home styles, and location amenities across different areas.