Property Overview: 1036 Beauty Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home on Beauty Avenue in the Leila-Mcphillips Triangle neighborhood presents a specific and practical value proposition. Its key characteristics include 1,080 sqft of living space, an unrenovated basement, no garage, and a modest 2,005 sqft lot. Built in 1977, it is newer than many homes on its street.
The primary appeal lies in its position as an accessible entry point into the Winnipeg market. With a notably low assessed value compared to both the immediate area and the city at large, it represents one of the most affordable single-family home options available. The living space is efficiently sized and ranks well within its immediate vicinity, suggesting the house itself is a reasonable fit for the street. This property would suit first-time buyers, investors looking for a rental property with a lower entry cost, or those who prioritize minimal property taxes and are comfortable with a home that likely requires updates and has no garage. It’s a "value-over-luxury" option, offering ownership in a neighborhood where other homes command higher prices, but with the understanding that its condition and lot size are below the area average.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
The assessed value is based on the property's specific attributes, including its below-average lot size for the neighborhood and city, the lack of a garage, and the unrenovated condition of the basement. It reflects the home's current market position as a more basic offering.
2. What does "Top 25%" for living area on the street mean?
It means that, compared to 72 similar homes on Beauty Avenue, this house's living area is larger than about 75% of them. So, while the lot is small, the house itself is relatively spacious for its specific street.
3. How recent is the sale price history?
The last recorded sale was in November 2020, with a price range between $18.5k and $21.5k. For the exact sale price, you can request the information directly via the provided email service.
4. Is the small lot size a major drawback?
It depends on your needs. It means less private outdoor space and potentially less room for expansions like a garage or addition. However, it also translates to less yard maintenance and, typically, lower property taxes.
5. What should a buyer be prepared for with this home?
Buyers should be prepared for a project-oriented property. The basement is noted as unrenovated, and the overall low assessment suggests updates are needed. Budgeting for improvements, managing without a garage, and accepting the compact lot are key considerations. It's a solid foundation for a homeowner willing to add value over time.