Property Summary: 1162 Somerville Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in Beaumont sits on a generous 4,076 sqft lot, which is notably larger than most in the immediate area. Its primary appeal lies in this above-average outdoor space and its renovated basement, offering valuable room to grow or customize. The detached garage adds practical utility.
The home suits buyers looking for a solid, grounded property in an established neighbourhood. It’s particularly fitting for those who value a larger yard over a newer build, as the house itself is of a classic 1955 vintage. The data suggests a property that holds its own in the broader Winnipeg market, ranking well for lot size and offering a footprint that outperforms many nearby homes. It’s a practical choice for someone ready to put down roots, potentially appreciating the character and space that an older, well-located lot provides, with the added benefit of a modernized basement ready for use.
Section 2: Frequently Asked Questions
1. How does the lot size compare to others nearby?
The 4,076 sqft lot is a standout feature, ranking in the top 16% on its own street and the top 12% in the wider Beaumont neighbourhood. This means you're getting significantly more outdoor space than most comparable properties in the area.
2. What is the condition of the basement?
The listing specifies the basement has been renovated. Prospective buyers should inquire about the scope, permits, and finish quality of this renovation to understand its current state and any potential limitations.
3. How does the assessed value relate to the asking price?
The home has a current assessed value of $330,000. Comparing this figure to the asking price provides a benchmark against the city's valuation, though market conditions and property updates will ultimately determine the sale price.
4. What are the implications of the home's age (built in 1955)?
A home of this age offers classic construction and mature landscaping but warrants a close look at the condition of major aging components, such as the roof, plumbing, electrical systems, and foundation, during a professional inspection.
5. How does this property rank for living space?
With 1,140 sqft of living area, it offers a moderate footprint that ranks in the top third on its street. Buyers should consider if this interior space meets their needs, as the home's appeal is balanced between its interior size and its larger-than-average lot.