Property Summary: 1031 Windermere Avenue
Key Characteristics & Appeal
This is a classic, well-situated one-storey home in Beaumont, built in 1945 on a generous, nearly 6,000 sqft lot. Its primary appeal lies in a combination of space, location, and value. The renovated basement adds modern, functional living space to the 894 sqft main floor. While the home itself is modest in size, the lot size ranks in the top third for the street, offering significant outdoor potential. Its assessed value is notably lower than its last sold price in 2019, which may present an opportunity. The property ranks highly for its lot size and past sale price within its immediate area, suggesting it sits on a desirable street.
This home would suit a first-time buyer, an investor, or a downsizer looking for a manageable footprint without sacrificing yard space. It’s for someone who values a established neighbourhood character over new construction, and who sees potential in a solid lot and a home with updated essentials (like the basement). The buyer should be comfortable with a home of this era, appreciating its history while planning for its future maintenance.
Frequently Asked Questions
1. Why is the assessed value so much lower than the last sale price?
Municipal assessments for tax purposes often lag behind market sale prices and are calculated using a specific formula. The significant difference highlights that the market valued this property highly in its last sale, and the current assessment may not reflect its potential market value today.
2. What does the ranking data actually mean for me?
The rankings show how this property compares to others nearby. For example, ranking in the "Top 79%" for lot size on its street means it has a larger yard than 79% of its neighbors—a clear asset. Conversely, ranking lower for year built simply confirms it’s an older home in an established area.
3. Is the detached garage a pro or a con?
It depends on your priorities. A detached garage offers flexibility (e.g., for a workshop) and can be safer for certain hobbies. However, it is less convenient than an attached garage during Winnipeg winters.
4. The living area is under 900 sqft. Is that workable?
With the renovated basement, the total usable space is greater. This layout can be efficient for smaller households. The appeal here shifts from a large main floor to a generous property with distinct living zones (main floor, basement, yard).
5. The home is nearly 80 years old. What should I expect?
While the renovated basement is a plus, a home of this age will have core systems (roof, plumbing, electrical) that require careful inspection. Its charm and lot size come with the responsibility of ongoing upkeep, which should be factored into any offer.