Property Overview: 722 Beach Avenue, East Elmwood
Key Characteristics & Appeal
This is a compact, well-situated one-storey home built in 1957, offering a renovated basement and a detached garage. Its primary appeal lies in its efficient scale and established neighbourhood setting. With 816 sqft of living space, it is notably smaller than both local and city averages, positioning it as a manageable property with lower utility and maintenance demands. The lot size is generous for the home's footprint, providing valuable outdoor space uncommon in more densely built areas.
The home suits first-time buyers seeking an affordable entry into the Winnipeg market, or downsizers looking to reduce square footage without sacrificing a traditional yard and garage. Its assessed value is modest and aligns with averages for East Elmwood, suggesting a stable, no-frills investment. A thoughtful perspective is that its smaller size and older age, while not premium features, can translate to predictable property taxes and a simpler, more sustainable lifestyle focused on the community rather than the upkeep of a larger house.
Frequently Asked Questions
1. How does the living area compare to nearby homes?
At 816 sqft, this home is below the average size for both Beach Avenue and the wider East Elmwood area, placing it in the top 71% and 72% for size locally, respectively. It is a compact, efficient layout.
2. What is the property’s assessed value?
The home has an assessed value of $25,300. This is around the average for its immediate street and neighbourhood, but significantly below the citywide average, reflecting its scale and location.
3. How old is the house?
It was built in 1957. This makes it newer than many comparable homes on Beach Avenue and in East Elmwood, where the average build year is 1953.
4. Is there a garage or additional parking?
Yes, the property includes a detached garage.
5. What was the last sale price?
The home sold in October 2023 for $29,700.