Property Overview: 3490 Beiko Avenue
Key Characteristics & Appeal
This 1977-built, one-storey home in Elmhurst sits on a large, approximately 9,241 sqft lot, a standout feature that places it in the top tier of properties locally. With 1,700 sqft of living space, it offers above-average roominess for its style. The home includes a basement (unfinished, offering potential for customization) and an attached garage. Its core appeal lies in the established, quiet neighbourhood and the significant land size, which provides privacy, space for gardening, or future expansion. The property ranks highly for its lot size and living area within Winnipeg, suggesting solid value for the space offered.
It would suit buyers looking for a bungalow lifestyle on a generous parcel of land without needing to go to the outskirts of the city. It’s ideal for those who value space over a newly built home and see potential in personalizing an unfinished basement. The strong rankings for lot and living area indicate it’s a competitive option for downsizers seeking single-level living with ample yard space, or for families prioritizing outdoor room in a mature community.
Frequently Asked Questions
1. What does the unfinished basement entail?
The basement is included but not developed. It presents a blank canvas for future living space, storage, or a recreational area, subject to proper permits and investment.
2. How should I interpret the provided rankings?
The rankings compare this property to others on its street, in Elmhurst, and across all of Winnipeg for specific metrics. For example, ranking in the “top 8%” in Winnipeg for lot size means its land area is larger than 92% of properties citywide, a significant advantage.
3. The home was built in 1977. What should I consider?
While the structure is nearly 50 years old, this is typical for many homes in mature neighbourhoods. A thorough inspection is crucial to understand the condition of major systems like roof, plumbing, electrical, and foundation, and to budget for any updates or maintenance.
4. What are the implications of such a large lot?
Beyond privacy and space, a lot of this size (over 9,000 sqft) may offer future potential, but also requires more upkeep. Check municipal zoning bylaws for any restrictions or opportunities regarding additions, sheds, or pool installation.
5. The assessed value is noted at $429,000. How does this relate to the listing price?
The assessed value is for municipal tax purposes and is not a market valuation. It can be a reference point, but the current market price is determined by recent sales of comparable properties, condition, and buyer demand.