Property Overview: 1008 Waterford Avenue
Key Characteristics & Appeal
This is a classic one-storey home on an exceptionally large, mature lot in Beaumont. The primary appeal lies in the land itself—at over 14,400 square feet, the property is significantly larger than most in Winnipeg, ranking in the top 2% for lot size on its street. This offers rare potential for gardening, expansion, or simply enjoying generous private outdoor space. The home is modest in size (728 sq ft) and is of a vintage typical for the area, built in 1954. It features a renovated basement and a detached garage.
Its appeal is for a specific buyer: someone who values land over living space, sees potential in a solid foundation, and is comfortable with a project. It would suit a hands-on buyer looking to customize or eventually rebuild, an investor attracted by the lot value, or someone seeking an affordable entry into a established neighbourhood with the trade-off of a smaller interior. A thoughtful perspective is that while the house itself is humble, the lot offers a legacy asset in the city—a sizable piece of land that is increasingly scarce. The recent sale history suggests it may be an opportunity priced with the land value in mind.
Frequently Asked Questions
1. Why is the living area so much smaller than nearby homes?
This is a classic "starter" or character home from the 1950s. While many neighbouring properties have been expanded or rebuilt over time, this home retains its original, more modest footprint, which is reflected in its living area.
2. What does the lot size actually allow for?
A 14,426 sq ft lot is substantial. Beyond a large yard, it could potentially accommodate additions (subject to zoning and permits), extensive landscaping, or even future redevelopment, making it a long-term asset.
3. How does the assessed value compare to the last sale price?
The assessed value is for municipal tax purposes and often lags behind market value, especially in a changing market or for unique properties. The significant difference between the assessed value and the last sale price highlights that the market primarily values the land here.
4. Is the renovated basement a legal suite?
The listing states the basement is renovated but does not specify it as a legal secondary suite. A buyer should verify its compliance with local regulations if considering rental income.
5. What is the neighbourhood like?
Beaumont is an established, mature neighbourhood in Winnipeg. The high rankings for lot size on the street and in the area indicate a consistent, desirable character of spacious properties, suggesting stability and privacy.