Property Overview: 871 Beach Avenue, East Elmwood, Winnipeg
Section 1: Key Characteristics & Appeal
This bi-level home at 871 Beach Avenue presents a practical opportunity in Winnipeg's East Elmwood neighborhood. Its key characteristic is its modern build date (1989), making it notably newer than most homes on its street and in the broader area. The house features 851 sqft of living space, an unrenovated basement, and a detached garage on a 3,303 sqft lot.
The appeal lies in its relative modernity within an established neighborhood, potentially offering fewer immediate maintenance concerns compared to older peers. With an assessed value that is average for the immediate area but below the city-wide average, it represents a more accessible entry point into homeownership. The property would suit first-time buyers or practical investors looking for a straightforward, no-frills home where value is derived more from the building's age and fundamentals than from lot size or high-end finishes. It’s a home for those who prioritize a newer structure in a convenient location over expansive square footage or a large yard.
Section 2: Frequently Asked Questions
1. How does the home’s age compare to others nearby?
Built in 1989, this home is significantly newer than most in East Elmwood. It ranks in the top 4% for year built on its own street, where the average home was built in 1953.
2. Is the lot size typical for the area?
No, the lot is smaller than average. At 3,303 sqft, it is below the average for Beach Avenue, East Elmwood, and Winnipeg overall. This may mean less outdoor maintenance but also less private yard space.
3. What does the assessed value indicate about this property?
The assessed value is very typical for East Elmwood and Beach Avenue, but it falls well below the Winnipeg city-wide average. This suggests it is priced within its local market context, not necessarily undervalued.
4. Has the property been bought and sold recently?
Yes, it sold twice in recent years: in July 2019 for $25,300 and in September 2017 for $22,800. This recent activity can provide a benchmark for price trends.
5. What is the home’s living space like compared to neighbors?
At 851 sqft, the living area is slightly below the average for Beach Avenue (~1,048 sqft) and East Elmwood (~1,065 sqft). It is a compact, efficiently sized home.