This 1952 one-storey home in Beaumont presents a distinct opportunity. Its primary appeal lies in the combination of a very large, 6,133 sqft lot—ranking in the top 8% for size on its street—with a recently renovated basement. The living space of 672 sqft is compact, placing this among the smaller homes in the area, which suggests a focus on efficient living or significant expansion potential.
The property suits practical buyers who prioritize land value and location over existing square footage. It’s a strong fit for a first-time buyer comfortable with a cozy main floor, an investor looking for a property with a modernized basement suite (subject to verification), or a long-term planner who sees the large lot as future equity for a major renovation or rebuild. The historical sale prices show notable appreciation, indicating the lot’s underlying value is recognized in the market.
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How does the small living area compare to nearby homes?
At 672 sqft, the main floor is significantly smaller than many neighbouring properties, which often exceed 900-1,500 sqft. This emphasizes that the property's value is anchored in its lot size and basement renovation, not in its main floor footprint.
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What does the "renovated basement" include?
The listing notes a renovated basement but does not specify the scope. A prospective buyer should verify the quality of finishes, whether it includes a separate entrance or kitchenette (potentially for a rental suite), and that all work was permitted.
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Is the large lot a benefit or a burden?
The 6,133 sqft lot is a major asset for privacy, gardening, or future expansion. However, it also means higher maintenance (lawn care, snow clearing) and potentially higher property taxes relative to the home's size. It's a benefit for those who will use the space.
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The home is older—what should I be mindful of?
Built in 1952, the core systems (roof, plumbing, electrical, foundation) may be original or partially updated. An inspection is crucial to understand the condition of these older components, even with a renovated basement.
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How is the property valued compared to others?
Its assessed value is in the top third for Winnipeg, but recent past sales on this street have achieved prices well above assessment. This suggests the market is paying a premium for lots in this location, viewing the assessment as conservative.