Property Overview
This two-storey home at 1160 Beauty Avenue in Winnipeg's Leila-Mcphillips Triangle neighbourhood presents a specific and practical value proposition. Built in 1977, it features 1,080 sqft of living space and a renovated basement, sitting on a modest 1,998 sqft lot without a garage or pool.
Key Characteristics & Ideal Buyer
The primary appeal of this property lies in its efficient size and relative affordability within its immediate locale. The home ranks above average for both living area and assessed value specifically on Beauty Avenue itself, suggesting it represents good value on its own street. The renovated basement adds functional living space. However, its lot size is significantly smaller than area norms, and its city-wide assessed value is below average.
This home would suit a first-time buyer or minimalist household seeking an entry point into homeownership with manageable upkeep. It’s less suited for those wanting extensive outdoor space, parking for multiple vehicles, or a property with above-average city-wide equity. A thoughtful perspective is recognizing its strength as a "street-relative value"—it may be a standout on its own block even if it doesn't compare to broader area averages.
Frequently Asked Questions
1. Is the assessed value a reliable indicator of the selling price?
Not directly. The assessed value (listed at $28.90k) is for municipal tax purposes. Recent sold price history shows it sold between $31.5k-$34.5k in 2022, which is a more relevant market indicator.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. This is a key detail to verify during a viewing, including the quality of finishes, ceiling height, and whether it includes a legal secondary suite.
3. How does the small lot size impact the property?
The lot is notably smaller than most in the neighbourhood and city. This means minimal private outdoor space and potentially limited options for expansions like an addition or garage. It also likely translates to lower property taxes.
4. What is the parking situation?
The listing specifies there is no garage. Parking would be limited to on-street, which is an important consideration for owners with vehicles.
5. How can I get the exact historical sold prices?
The exact sold prices are not publicly displayed. The listing provider offers to manually send this precise history via email upon request, at no cost and without marketing spam.