Property Overview: 890 Beach Avenue, East Elmwood
Section 1: Key Characteristics & Appeal
This one-storey home at 890 Beach Avenue is a classic East Elmwood property built in 1951. Its key feature is a generously sized lot of nearly 5,000 sq ft, which is notably larger than most in the immediate area and offers significant potential for gardening, expansion, or outdoor living. The living space itself is a modest 813 sq ft, placing it below the neighbourhood average, but it includes a renovated basement, adding functional space. A detached garage provides additional storage or workshop potential.
The appeal here is grounded in value and opportunity. The home’s assessed value is strong for East Elmwood, suggesting it is well-maintained relative to its peers. The combination of a premium-sized lot with a compact, updated living space creates a unique profile: it’s an efficient home with room to grow, both literally and in terms of investment. This property would suit first-time buyers seeking an entry point into a stable neighbourhood without a massive footprint, or practical investors looking for a land-value play with a rentable, updated basement. It’s for those who see more value in outdoor space and future potential than in current square footage.
Section 2: Frequently Asked Questions
1. Is the house too small at 813 sq ft?
While below the neighbourhood average, the renovated basement effectively doubles the usable living area, making the home feel more spacious than the main-floor square footage suggests. It’s a compact but efficient layout.
2. What does the "above average" assessed value mean for taxes?
A higher assessment relative to the area typically indicates the property is in better condition or has features valued by the city assessor. It generally correlates with slightly higher property taxes, but also suggests a well-maintained asset.
3. How does the large lot size benefit me?
Beyond extra yard space, a larger lot in a mature neighbourhood is a long-term asset. It provides privacy, room for additions like a deck or shed, and could be a key value driver if the area sees redevelopment in the future.
4. The home sold in 2022 and 2017. Is that a concern?
The two sales in a five-year period could indicate investor activity or a previous quick turnover. It’s a point to investigate with your agent, but the 2022 sale price was well above the neighbourhood average at the time, showing strong perceived value.
5. What’s the neighbourhood like?
East Elmwood is a established, no-frills residential area. The data shows homes here are typically smaller and older than the Winnipeg average, indicating a community of modest, long-held properties. It’s a practical, grounded neighbourhood.