Property Overview & Key Characteristics
This 1961-built, one-storey home in Beaumont sits on a large, 6,984 sqft lot, which is a standout feature ranking in the top 15% of the neighbourhood. With 1,040 sqft of living space, the home includes a renovated basement, adding valuable finished area. Its appeal lies in this combination of a very spacious yard—a rarity in many city neighbourhoods—coupled with the move-in ready benefit of a modernized lower level. It suits first-time buyers seeking yard space for gardening, pets, or future expansion, as well as downsizers looking for a manageable single-level layout without sacrificing outdoor privacy. A thoughtful perspective is that while the house itself is average in size for the area, the lot size offers a disproportionate value in potential and tranquility that is increasingly hard to find. The recent 2022 sale price of $40.10k, above the current assessed value of $36.40k, suggests a previously active market for the property.
Frequently Asked Questions
1. How does the lot size compare to others nearby?
The property’s lot is notably large, ranking in the top 15% within the Beaumont neighbourhood. This means it offers significantly more outdoor space than most homes in the immediate area.
2. What does "renovated basement" typically mean for a home of this era?
While specifics should be verified, in a 1961 home this usually indicates updated finishes, electrical, and moisture control, transforming a previously utilitarian space into livable square footage for recreation, guests, or storage.
3. Is the lack of a garage a major concern?
It depends on buyer needs. Many homes in the area lack garages. The large lot does offer potential for adding a shed or future parking structure, subject to local bylaws, which could be a consideration for handy buyers or long-term planners.
4. How does the year built affect this home?
Built in 1961, the home is older than about 70% of houses in Winnipeg. This typically means original elements like windows or the roof may need attention, but it also comes with the established neighbourhood charm and mature landscaping of a well-settled area.
5. What is indicated by the 2022 sale price being higher than the current assessed value?
Assessed value is for municipal tax purposes and often lags the market. The 2022 sale demonstrates what a buyer recently paid, which can be a more current benchmark, but it also means the current owner purchased relatively recently, which may influence their motivation to sell.