Property Summary: 1011 Riverwood Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in Beaumont sits on a generous, mature lot that ranks in the top 6% for size on its street. Built in 1973, the property offers a practical 1,168 sqft layout with the notable advantage of a renovated basement. A detached garage provides additional storage or workshop space.
The primary appeal lies in its established neighbourhood setting and the value offered by the updated basement, which adds functional living space. Its lot size is a significant asset, providing ample outdoor room in a city context. The home suits first-time buyers or downsizers looking for a manageable single-level floorplan with immediate move-in readiness, thanks to the basement renovation. It also appeals to value-conscious buyers who prioritize land size and the potential for future updates to the main living areas over a brand-new build. A thoughtful perspective is that while the home itself is average-sized for the area, the above-average lot presents a relative scarcity, offering privacy and space that can be harder to find in this price range.
Section 2: Frequently Asked Questions
1. What is the neighbourhood like?
The home is in Beaumont, a mature Winnipeg neighbourhood. The rankings indicate the property itself sits in the top 18% for lot size in the area, suggesting a well-established streetscape with larger, older lots.
2. What does "renovated basement" typically mean here?
While specifics aren't listed, it generally indicates the basement has been finished into livable space, such as a family room, bedroom, or office. It's a key feature that adds functional square footage to the home.
3. How does the assessed value compare to the recent sale price?
The property was last sold in July 2022 for $36,000 and currently holds an assessed value of $36,100. This close alignment suggests stable market value in recent years.
4. Is the home newer or older compared to others?
Built in 1973, it is older than 84% of homes in the Beaumont neighbourhood, placing it among the more established properties on the street. This often means mature landscaping but may also indicate original elements in the main house.
5. What are the practical implications of a detached garage?
It provides secure storage and parking separate from the house. This can be a benefit for workshop enthusiasts or those with multiple vehicles, though it means going outdoors to access your vehicle in winter.