Property Overview: 3450 Beiko Avenue
This 1976-built, one-storey home in Elmhurst presents a practical and spacious family living proposition. Its primary appeal lies in the generous 9,240 sqft lot, offering significant outdoor space that is increasingly rare in mature neighbourhoods. With a finished basement and a detached garage, it provides flexible living and storage options. The home’s assessed value suggests solid, established worth in the market.
Key Characteristics & Ideal Buyer
The standout feature is undoubtedly the large, private lot, which offers immense potential for gardening, recreation, or future expansion. The home’s layout is straightforward with main-floor living, suitable for those seeking single-level convenience or with future accessibility in mind. Its rankings reveal a nuanced picture: while the lot size is in the top tier for the city, the house itself is more modest in both size and age compared to immediate neighbours. This creates an interesting value dynamic—you are purchasing significant land in a well-regarded area, with a home that may benefit from personal updates.
This property would best suit a buyer who prioritizes land and location over a turn-key modern interior. It’s ideal for families or downsizers looking for a stable, quiet neighbourhood like Elmhurst, who value space to breathe and are willing to invest in a home over time. It’s a canvas for customization rather than a finished masterpiece.
Frequently Asked Questions
1. How does the age of the home affect its condition and value?
Built in 1976, the home is 50 years old. This means some major components (like roof, windows, plumbing) may be at or beyond their typical lifespan, so a thorough inspection is crucial. However, its age also contributes to its character and established lot size, which are key value drivers.
2. The lot size ranking is very high, but the living space ranking is lower. What does this mean?
This indicates you are buying a property with a land footprint that is larger than most in Winnipeg (top 8%), but the actual house is more average in size. The value proposition leans heavily on the land and its potential, making it appealing for those who value outdoor space or future expansion possibilities.
3. What is the significance of the "finished basement"?
A finished basement adds valuable livable square footage not reflected in the main floor area. It can function as a family room, home office, or additional bedrooms, increasing the home's functional utility.
4. The community ranking for "Build Year" shows it's newer than only 26% of homes in Elmhurst. Is that a concern?
This statistic shows that much of Elmhurst has newer housing stock. It doesn't necessarily mean this home is outdated, but it does place it among the older properties in the neighbourhood, which can influence its style, layout, and the potential scope of any renovations.
5. How should I interpret the assessment value versus the listing price?
The municipal assessment of $455,000 is for tax purposes and reflects a mass appraisal valuation from a prior date. The listing price is set by the seller based on current market conditions. It's common for these figures to differ, and the sale price will be determined by what the market is willing to pay.