Property Overview: 14 Beaumont Bay, Winnipeg
Key Characteristics & Buyer Appeal
This home at 14 Beaumont Bay is a compact, well-situated property in the Maybank neighbourhood. Built in 1954, its 888 sqft living space and $24,100 assessed value position it as an affordable, entry-level option. The appeal here is one of practicality and location over size. While the home itself is smaller than most in the city and sits on a modest lot, it holds a stronger position within its immediate Beaumont Bay street context, ranking around average for both size and value among its direct neighbours.
This property would suit first-time buyers or downsizers seeking an economical foothold in a established area. Its standout characteristic is its age relative to the street—it's one of the newest homes on Beaumont Bay, which may suggest fewer immediate concerns about outdated major systems compared to older neighbours. The recent sale in the $250k-$300k range (2022) indicates a market price significantly higher than its assessed value, a point for buyers to note. It’s a straightforward home for those prioritizing budget and neighbourhood over square footage, with the understanding that space, both indoors and outdoors, is efficiently allocated.
Frequently Asked Questions
1. How does the assessed value relate to the likely selling price?
The assessed value is $24,100, but the home sold for between $250,000 and $300,000 in 2022. In Manitoba, assessed value for tax purposes is typically much lower than market value. The recent sale price is the more relevant figure for understanding current market value.
2. Is the living space sufficient for a small family?
At 888 sqft, the living area is below the city average. It would require efficient use of space and is likely better suited for individuals, couples, or a very small family. The floor plan layout would be a key factor to evaluate during a viewing.
3. What are the implications of the home being "newer" on the street?
Built in 1954, it ranks in the top 4% for year built on Beaumont Bay. This is a relative advantage, meaning major components like the roof, foundation, or wiring might be younger than those of many immediate neighbours, but it is still a 70-year-old home requiring a thorough inspection.
4. How does the lot size impact the property?
The lot is 1,897 sqft, which is smaller than most in the wider area. This means lower maintenance but also limited outdoor private space and potential for expansion. It emphasizes the home's role as a compact, low-maintenance property.
5. Why is there a difference in rankings between the street, area, and city?
The rankings show the property's relative standing in different comparison groups. It appears more competitive among its direct neighbours on Beaumont Bay than when compared to all of Maybank or Winnipeg. This highlights that it's in a pocket of similarly scaled, older homes, which can be appealing for neighbourhood character and value consistency.