Property Overview: 1074 Beach Avenue, East Elmwood, Winnipeg
Key Characteristics & Buyer Profile
This two-storey home, built in 1960, stands out primarily for its generous living space. At 2,276 square feet, its interior size ranks in the top 1% on its street and the top 3% within the East Elmwood area, offering significantly more room than most comparable local homes. The property features a renovated basement and sits on a standard-sized lot of just over 4,300 square feet. While it has no garage or pool, its 2021 sale price of $420k placed it well above local norms at the time, and its assessed value remains in the top tier for the immediate neighborhood.
The appeal lies in the rare combination of ample, modernized living space within a well-established community. It’s a home that offers room to grow without the footprint of a sprawling suburban lot. It would particularly suit buyers who prioritize interior square footage over exterior amenities, such as growing families or those who work from home and need dedicated office space. The property also presents a compelling value proposition for someone looking in East Elmwood who desires a home that feels spacious and updated, without venturing into the premium price brackets of newer developments.
Frequently Asked Questions
1. How does the home’s size compare to others in Winnipeg?
With 2,276 sqft of living area, this home is larger than approximately 95% of all homes citywide, placing it in an elite category for interior space.
2. The assessed value seems low at $39.5k. Is that the market value?
No. In Manitoba, the assessed value is not market value; it is a figure used for calculating municipal property taxes. The market value is better indicated by its 2021 sale price of $420k and current local market conditions.
3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. A viewing or inquiry with the listing agent is necessary to determine the finishes, layout, and whether it includes legal secondary suites or additional bedrooms.
4. Is the lack of a garage a significant concern on this street?
The data shows the home has no garage, which is a common feature for many homes in the area. Nearby properties on Beach Avenue have similar lot sizes, so adding a garage later may be possible, subject to lot space and municipal bylaws.
5. The home sold in 2021. What does that recent sale history indicate?
The $420k sale price three years ago, which was in the top 4% for the area at the time, suggests the property was already considered a premium offering in East Elmwood. This history can provide a benchmark for its perceived value and desirability.