Property Overview
This home at 1162 Beauty Avenue presents a practical opportunity in Winnipeg's Leila-Mcphillips Triangle neighbourhood. Built in 1977, it offers 1,080 square feet of living space. The data suggests its primary appeal is in its relative value and efficiency rather than size or land. It sits on a modest, sub-2,000 sqft lot, which is smaller than most in the area, but this can translate to lower maintenance. The home last sold between $250,000 and $300,000 in 2021, and its current assessed value is notably below the citywide average.
Key Characteristics & Ideal Buyer
The property stands out for being above average in its immediate vicinity for living space and age, indicating it may be a more substantial or updated option compared to its closest neighbours. Its appeal lies in its manageability and potential as a straightforward, no-fuss home. The smaller lot is a trade-off: it offers less private outdoor space but requires less upkeep. This home would best suit first-time buyers, downsizers, or practical investors looking for an efficient property in a well-established neighbourhood without the burden of a large yard. It’s a home for those who prioritize interior space and simplicity over expansive land.
Frequently Asked Questions
1. Is the smaller lot size a disadvantage?
It depends on your lifestyle. While it offers less room for gardening or large outdoor projects, it significantly reduces maintenance time and costs, which can be a major advantage for busy homeowners or those not interested in yard work.
2. How does the assessed value compare to the likely market price?
The assessed value for tax purposes ($27,600) is not an indicator of market price. It is administrative and consistently below averages. The 2021 sale price range of $250,000-$300,000 is a more relevant benchmark for current market value.
3. What does "above average for year built" on the street mean?
On Beauty Avenue, this 1977 home is newer than most of its direct neighbours. This could suggest better foundational materials or systems compared to older homes on the block, though a full inspection is always necessary.
4. Who provides the exact historical sale price, and why isn't it public?
The exact sale price is available by request from SaveOnHouse. They manually provide this data via email to ensure accuracy, as public records can sometimes be incomplete or generalized into ranges.
5. Are the nearby listed "similar" properties truly comparable?
The listed properties with similar assessed values are primarily for tax assessment reference. They may be in different neighbourhoods and are not necessarily similar in style, condition, or market value. For true comparables, focus on recent sales on Beauty Avenue and in the immediate Leila-Mcphillips Triangle area.