Property Overview: 907 Beach Avenue, East Elmwood, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1950, situated on a generous lot of just over 4,700 sqft in East Elmwood. With 733 sqft of living space, the home is notably smaller than most in the city, but it features a renovated basement, adding functional space. A detached garage provides additional storage or workshop potential. The property’s assessed value is modest, especially when compared to the wider Winnipeg market, yet it aligns with the averages for its immediate street and neighborhood.
The primary appeal lies in its efficiency and lot size. It represents a straightforward, lower-maintenance entry point into homeownership, where the value is anchored more in the land than the structure. The renovated basement is a key practical upgrade, offering flexibility for storage, a hobby room, or additional living area. This home would suit first-time buyers, downsizers, or practical investors seeking a manageable property with minimal complexity. Its average rankings on the street for value, year built, and lot size suggest it’s a typical, no-surprises property for the area, not a standout project or a fixer-upper.
Frequently Asked Questions
1. Is this a small house?
Yes. At 733 sqft above grade, it is significantly smaller than the Winnipeg average (~1,342 sqft). The renovated basement does provide additional usable space.
2. How does the recent sale price compare to the assessed value?
The home sold for $33,800 in May 2024, which is notably higher than its $25,500 assessed value. This is common, as assessed values for taxation don't always reflect current market sale prices.
3. What is the neighborhood like?
East Elmwood is a mature, established neighborhood. The lot sizes on Beach Avenue appear consistent, and the home's metrics (value, year built) are very typical for this specific street, indicating a stable, uniform area.
4. What are the main advantages of the lot?
The 4,712 sqft lot is above average for the street and neighborhood. This offers valuable outdoor space, room for gardening, or future expansion potential like a shed or deck, which is a significant asset for a smaller home.
5. Who might this property not suit?
It may not suit buyers needing multiple bedrooms or ample above-grade living space, or those seeking a modern, open-concept layout typical of newer homes. Its appeal is to those prioritizing lot size, neighborhood stability, and a manageable footprint over square footage.