Property Overview
This 1,032 sqft bungalow on Beaumont Bay in Maybank, built in 1954, presents a specific and compelling value proposition. Its key appeal lies in its relative standing within its immediate neighbourhood. While its city-wide metrics are modest, it ranks highly on its own street for living space (top 7%) and lot size (top 27%), suggesting it's a larger, more established home within its local context. The 2023 assessed value of $240k is notably below both area and city averages, indicating a potentially accessible entry point into the neighbourhood.
The home would suit a practical, value-conscious buyer—perhaps a first-time homeowner or downsizer—who prioritizes space and location within a specific community over newer finishes or city-wide comparisons. Its character is that of a classic, post-war Winnipeg bungalow with room to grow or personalize, appealing to someone who sees potential in a home that stands out on its block but doesn't carry a premium price tag.
Frequently Asked Questions
1. Why is the assessed value so much lower than nearby homes?
The assessed value of $240k is significantly below averages for Maybank and Winnipeg. This can sometimes reflect the home's specific age, condition, or features relative to others, but it primarily represents a municipal assessment for tax purposes, not necessarily the current market value. It does suggest a potentially lower property tax burden.
2. How does the living area compare to other homes in the area?
At 1,032 sqft, this home offers above-average living space for Beaumont Bay (top 7% on the street) and is about average for the wider Maybank neighbourhood. This indicates you get more interior space than most direct neighbours, which is a key advantage.
3. What should I consider about a home built in 1954?
A home of this age offers classic character and likely a larger lot, but it's important to budget for updates and maintenance. Key systems like plumbing, electrical, roof, and insulation may need evaluation or modernization to meet contemporary efficiency standards.
4. The last sale was between $150k-$200k in 2017. What does that mean for today's price?
That historical price is a reference point from eight years ago and reflects a different market. It highlights the property's potential for appreciation but should not be used alone to determine current value. Market conditions, any updates made since then, and recent comparable sales are far more relevant.
5. What is the real advantage of the lot size?
At 3,906 sqft, the lot is above average for the street. This offers more private outdoor space, better potential for gardening, parking, or additions, and a greater sense of openness than many neighbouring properties—a valuable asset that can't be easily changed.