This two-storey home at 1001 Waterford Avenue in Winnipeg's Beaumont neighbourhood presents a compelling blend of modern build and established community. Built in 2020, it is a notably newer construction on its street, offering move-in readiness without the immediate concerns of aging major systems. The property sits on a generous lot of nearly 6,000 sqft, providing ample outdoor space—a valuable asset for gardening, play, or future expansion. While it features an unfinished basement and no garage, these aspects represent clear opportunities for customization to suit a buyer's specific needs and budget.
Its appeal lies in its solid fundamentals: a modern structure in a mature area, a large lot, and a recent sale history indicating strong value appreciation. It would suit first-time buyers seeking a newer, low-maintenance home, or downsizers who want single-floor living (main floor primary suite) but still value private outdoor space. Practical investors may also see potential in the unfinished basement for creating a rental suite.
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What are the implications of having no garage?
While off-street parking isn't detailed, the lack of a garage means lower utility costs and property taxes, but requires planning for vehicle storage and protection from the elements. It also opens up more of the large lot for other uses.
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How does the unfinished basement affect value?
It's a significant opportunity. The basement adds substantial potential living area (not included in the 1,377 sqft) for a rec room, home office, or future additional bedrooms. The cost and timeline to finish it should be factored into your budget.
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The assessed value is much lower than the recent sale price. Why?
Municipal assessed values in Manitoba are primarily for tax purposes and often lag behind market value, especially for newer homes that have appreciated quickly. The recent sale price is the clearest indicator of current market value.
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The home is new, but the neighbourhood is older. What does this mean?
You get the benefits of modern construction standards, energy efficiency, and contemporary layouts within an established community with mature trees and settled infrastructure. It's a balance of new-home convenience and old-neighbourhood character.
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What does the lot size ranking mean for future plans?
Ranking in the top half of the street for lot size means your property is larger than many around it. This not only provides more privacy and space but could also offer better potential for permitted additions like a garage, deck, or sunroom compared to tighter lots.