Property Overview & Key Characteristics
This 1959 one-storey home on a large 6,374 sqft lot in Beaumont presents a practical opportunity. Its key appeal lies in its balance of space and value. The living area of 1,215 sqft is above average for the street and neighbourhood, and the lot size is notably generous, ranking in the top third locally. A significant feature is the renovated basement, adding functional space. While the home lacks a garage and pool, its assessed value has remained stable, showing a modest increase since its 2020 sale.
The property suits first-time buyers or downsizers looking for a solid, single-level home with room to grow or garden. It also appeals to value-oriented buyers who see potential in the large lot and are comfortable with a home of this vintage. A less obvious perspective is its relative modernity compared to many Winnipeg homes; it's newer than nearly two-thirds of the city's housing stock, which can be a plus for maintenance considerations. Its rankings suggest it's a competitively sized home in a well-established area, not a standout luxury property, but a comfortable and above-average offering for its immediate locale.
Frequently Asked Questions
1. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope. A professional inspection is recommended to determine the finish quality, permits, and whether it includes added bedrooms, a legal suite, or simply finished living space.
2. How does the lack of a garage affect daily life and value?
The property has no garage, which is common for homes of this era. Buyers should budget for alternative parking and storage solutions. This can be a drawback for some, but it is often reflected in the home's price point, potentially offering better value elsewhere in the property.
3. The assessed value seems low. Is this accurate?
The assessed value is for municipal tax purposes and is not a market valuation. It is, however, a useful benchmark. The home's assessed value is in the top half for Winnipeg, indicating the city views it as a solid, average-to-above-average property for tax calculation. Market value is determined by current sale conditions.
4. How does this home compare to others on the street?
The data shows this home ranks highly on Somerville Avenue for lot size (top 19%) and living area (top 24%). It is middle-of-the-road for year built and assessed value. This suggests you're getting more physical space than many neighbours, on a larger parcel of land.
5. What is the neighbourhood of Beaumont like?
Beaumont is a mature, established neighbourhood in Winnipeg. The listing shows homes here are primarily from the mid-20th century, offering tree-lined streets and settled communities. The provided comparisons show a mix of similar vintage homes, indicating a consistent character.