Property Overview & Key Characteristics
This one-and-a-half storey home on a generous 4,000+ sqft lot in Beaumont presents a practical opportunity. Built in 1948, its key appeal lies in its balance of established neighbourhood charm and recent updates, notably a renovated basement. With 962 sqft of living space and a detached garage, it offers the essentials for comfortable living. Its strongest selling points are its lot size—ranking in the top 14% on its street—and its value proposition, having recently sold for a price close to its assessed value, which suggests a stable and transparent market entry point.
The property would suit first-time buyers or downsizers looking for a manageable footprint in a mature, quiet neighbourhood without a major renovation project. It also appeals to the value-conscious buyer who prioritizes a larger, private outdoor space over a larger house. A less obvious perspective is its potential for someone interested in the "missing middle"—it’s a modestly scaled home on a lot that could, in time, allow for thoughtful expansion or landscaping projects that wouldn’t be possible on a smaller parcel.
Frequently Asked Questions
1. What does "renovated basement" typically mean for a home of this era?
It usually indicates functional improvements like updated flooring, lighting, and drywall, making the space livable. It’s wise to inquire about the specific work done, the quality of finishes, and whether any underlying updates (like plumbing or electrical) were part of the renovation.
2. How does the lot size compare, and what are the advantages?
At over 4,000 sqft, the lot is significantly larger than many in the immediate area (top 14% on the street). This provides more private outdoor space, better potential for gardening, parking, or storage, and generally feels less cramped than properties on smaller lots.
3. The living area is under 1,000 sqft. How does that feel day-to-day?
The one-and-a-half storey layout can make efficient use of space. The main floor typically houses common areas, with bedrooms upstairs. It promotes a simpler lifestyle and is very manageable for smaller households, but may feel compact for those needing dedicated office or hobby rooms.
4. The home sold for close to its assessed value. Is that a good sign?
Yes. In a stable market, this alignment often indicates the price is grounded in municipal valuation rather than speculative bidding. It can provide confidence that you're not overpaying relative to the city's assessment metrics.
5. What is the neighbourhood (Beaumont) like?
Beaumont is a long-established, quiet residential area in Winnipeg. It offers a sense of community and stability, with mature trees and streetscapes. Buyers are often drawn to its unpretentious, grounded character rather than high-end amenities, valuing peace and quiet over immediate proximity to bustling commercial hubs.