1202 Edderton Avenue

Property Overview: 1202 Edderton Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This two-storey home, built in 2017, stands out for its modern foundation in the established Beaumont neighbourhood. Its key appeal lies in a combination of recent construction, significant size, and a premium position relative to its surroundings. The home features a renovated basement, a detached garage, and a living area of 1,672 sqft on a 5,084 sqft lot.

The property’s standout characteristic is its exceptional value ranking. It holds the top assessed and recent sale value on its street and within the entire neighbourhood, suggesting it is perceived as a premium offering in the area. This creates a compelling proposition: a nearly new, low-maintenance home that already leads its local market. Its newer build date (top 6% in Winnipeg) also offers modern efficiencies and systems, a notable contrast to many neighbouring homes built decades earlier.

This home would suit buyers looking for move-in readiness without the wait of new construction, who value a modern layout and infrastructure. It’s ideal for those seeking a property with a strong, data-backed value proposition in a mature area, potentially appealing to professionals or families wanting space and modernity without moving to the distant suburbs. A thoughtful perspective is that this property offers a "best-in-class" status on its block, which can provide a sense of stability and upside in neighbourhood evolution, appealing to both pragmatic and investment-minded buyers.

Section 2: Frequently Asked Questions

1. What does the "top 1%" ranking for value actually mean?
It means that, based on the available data, this property’s assessed and recent sale value is higher than 99% of other homes on Edderton Avenue and in the Beaumont neighbourhood. It indicates it is considered the most valuable property in its immediate comparison group.

2. The home is newer than most in the area. Are there any drawbacks to that?
While a major benefit, it can mean the architectural style or lot size might differ from the neighbourhood's older, more established character. It’s wise to visit to see how the 2017 build fits with the surrounding streetscape.

3. The living area is ranked highly, but is the layout efficient?
The data confirms the home has substantial square footage for the area (top 5% in the neighbourhood). A viewing is essential to understand how the space is distributed across its two storeys and renovated basement to ensure it meets your specific needs.

4. How does a detached garage impact utility, especially in winter?
A detached garage offers flexibility for workshops or projects but requires going outside to access your vehicle and the main house. This is a practical consideration for Winnipeg’s climate, though the short distance (implied by the property layout) may mitigate this for many buyers.

5. The sold price is notably higher than the assessed value. What does this signal?
The sale in late 2024 at $74.50k above the $640k assessment strongly suggests robust market demand and buyer confidence in the property’s premium value. It indicates that the market price for this well-positioned, modern home exceeded its official valuation.