Property Overview
This 2019-built bi-level home at 1016 Southwood Avenue presents a modern, low-maintenance living option in Winnipeg's Beaumont neighbourhood. Its key appeal lies in being a relatively new construction, which typically means fewer immediate repairs and modern building standards. The home features a renovated basement, adding valuable finished living space to the 937 sqft main floor plan.
The property suits first-time buyers or downsizers seeking a turnkey home without the concerns of an older structure. Its compact lot (2,485 sqft) and lack of a garage suggest a focus on simplicity and outdoor upkeep that is manageable. A less obvious advantage is its position among mostly older homes on the street; as one of the newest houses in the area (top 4% on its street), it may stand out for those prioritizing modern amenities over established character. The sold price history shows significant appreciation from its 2019 sale, indicating a strong purchase in a desirable area.
Frequently Asked Questions
1. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or rooms. A buyer should inquire about the basement's layout, ceiling height, permits, and whether it includes a bedroom, bathroom, or legal secondary suite.
2. Is street parking readily available?
With no garage and no mention of a driveway, parking is likely limited to street parking. Prospective buyers should visit at different times to assess parking availability on the street.
3. How does the assessed value compare to the likely asking price?
The assessed value is listed at $43,400k, but the home last sold for $460k in 2021. In Manitoba, assessed value is for municipal tax purposes and is typically much lower than market value. The market price will be based on recent comparable sales, not the assessment.
4. What are the annual property taxes?
With an assessed value of $43,400k, you can calculate an estimate by applying the Winnipeg municipal tax rate. However, for an exact figure, contact the listing agent or the City of Winnipeg with the specific roll number.
5. The home is newer, but are there any known issues or builder warranties?
Built in 2019, it may still be within the timeframe of some original builder warranties (e.g., on major components). A pre-purchase home inspection is still highly recommended to identify any issues that may have arisen in the first seven years.