Property Overview: 1 Beaumont Bay, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This home presents a compelling case as a well-maintained, established property in the Maybank neighbourhood. Its primary appeal lies in its strong relative standing within its immediate area. With 1,032 sqft of living space, it ranks in the top 7% for size on Beaumont Bay itself, offering more room than most direct neighbours. The lot, at nearly 4,000 sqft, is also above average for the street. Built in 1954, it is one of the older homes on the block, which may speak to its character and established streetscape, but also suggests a buyer should be mindful of the potential for age-related updates.
The data reveals a nuanced value picture. While its assessed value is strong for the street, it sits below the averages for the wider Maybank area and Winnipeg overall. This indicates a potential opportunity for a buyer seeking a solid home in a specific location without paying a premium for the broader postal code. Recent sale history shows a significant appreciation between its 2020 and 2024 sales.
This property would suit a pragmatic buyer who values space and a settled neighbourhood over a brand-new build. It’s ideal for someone who does their homework, understands the value of a home's standing on its specific street, and is prepared for the stewardship that comes with an older home. It may also attract investors or homeowners looking for a foothold in a mature area where the intrinsic value of the property itself—the land and structure—outweighs the cachet of the district name.
Frequently Asked Questions
1. How does this home truly compare to others nearby?
While its living area is larger than most on its street, its assessed value is below the average for the larger Maybank area. This suggests you may get more interior space for your dollar here compared to immediate neighbours, but the property doesn't carry the same assessed value as some homes in surrounding blocks.
2. What does the sale history indicate?
The home sold between $200k-$250k in 2020 and then between $300k-$350k in 2024. This points to substantial market appreciation in that period. For exact sold prices, you must request the information directly from the listing service via email.
3. Should I be concerned about the age of the home (built in 1954)?
As one of the older homes on the street, it likely has mature landscaping and established charm. However, a thorough inspection is crucial to understand the condition and potential future needs of major systems like plumbing, electrical, and the roof, which may be original or nearing the end of their lifespan.
4. Is the lot size a pro or a con?
At 3,932 sqft, the lot is above average for Beaumont Bay, offering good outdoor space for the street. However, it is below the city-wide average. This is a relative strength in its immediate context but a modest lot by broader Winnipeg standards.
5. What is the neighbourhood analysis page, and why is it useful?
This tool allows you to see this property on a map alongside nearby homes, visually comparing metrics like year built, lot size, and assessed value. It helps you understand the property's context beyond the numbers, showing if it fits in with or stands out from the homes around it.