Property Overview
22 Beeston Drive is a well-maintained bi-level home in Winnipeg's Margaret Park neighbourhood. Its key appeal lies in offering a renovated, move-in ready space on a larger-than-average lot, presenting a practical and value-conscious opportunity.
Key Characteristics & Ideal Buyer
This 1971 bi-level home sits on a 3,145 sqft lot, which is notably larger than most in the immediate area and ranks within the top 10% for lot size in the broader neighbourhood. The living space is a compact 672 sqft, but the home benefits from a renovated basement, adding functional square footage. Its assessed value is significantly higher than the last sale price in 2020, suggesting substantial improvements have been made.
The property’s primary appeal is its balance of a sizable, private yard with a low-maintenance footprint. It suits first-time buyers seeking an affordable entry into homeownership without a major project, or downsizers looking for manageable indoor space coupled with generous outdoor potential. A thoughtful perspective is that this home represents a "land-value play" in a mature area—you're acquiring a premium-sized lot with a modernized, efficient house on it, which is increasingly rare. Its strong rankings for lot size and recent value increase indicate a solid foundation for future equity.
Frequently Asked Questions
1. Is the 672 sqft living area the total finished space?
No, that figure is for the main level. The home includes a renovated basement, which provides additional finished living area not reflected in that specific metric.
2. Why is the current assessed value so much higher than the 2020 sale price?
The assessed value of $21.10k is substantially above the 2020 sale price of $16.70k. This significant jump strongly indicates that material renovations and improvements have been completed on the property since the last sale, enhancing its market value.
3. What does the "Top 2%" ranking for assessed value on its street mean?
This statistic means that 22 Beeston Drive has one of the highest municipal assessed values on its street (ranked 43 out of 44). This typically reflects the recent renovations and the larger lot size compared to its immediate neighbours.
4. There's no garage. Is street parking readily available?
The listing notes no garage. As a single-family home on a quiet drive, street parking is likely available, but prospective buyers should verify typical parking ease and any seasonal restrictions during a visit.
5. How does this home compare to others in the area for space?
The home offers a unique combination: its living area is compact, but the lot size is in the top tier for the neighbourhood. You are getting more outdoor space than most, while the indoor space is efficient and modernized. Compared to nearby listings, it represents a different balance of indoor/outdoor space at a likely lower price point than larger-footprint homes.