Property Overview
1035 Rosemount Avenue is a classic one-storey home built in 1946, situated on a generous 5,153 sqft lot in Winnipeg's Beaumont neighbourhood. Its primary appeal lies in its solid foundation and potential, rather than in modern finishes. The home features an unrenovated basement and a detached garage. With a modest living area of 778 sqft, it ranks surprisingly high in size compared to many other Winnipeg homes, indicating its efficient use of space. The property’s assessed value has seen steady growth, increasing significantly from its 2016 sale price.
This home is best suited for a hands-on buyer looking for a long-term project—perhaps a first-time purchaser comfortable with gradual improvements, or an investor seeking a property with strong land value in a well-established area. Its appeal is grounded in fundamentals: a larger-than-average lot for the street, a durable structure that has stood for 80 years, and a location within a mature neighbourhood. A thoughtful perspective is that this property represents a blank canvas with good bones; its value is not in what it currently is, but in what a dedicated owner could make it over time, all while building equity in a tangible asset.
Frequently Asked Questions
1. What does "unrenovated basement" typically mean for a house of this age?
It generally indicates the basement retains its original state. You can expect a functional space with foundational systems, but it will likely require updating for modern living standards, offering both a project and the freedom to customize.
2. How significant is the lot size?
At over 5,000 sqft, the lot is a key asset. It's larger than 75% of lots on the street, providing valuable outdoor space, room for gardening, potential future expansion, or simply more privacy than newer, denser developments.
3. The living area is 778 sqft. Is that workable for a small family?
It is compact, but its efficient ranking suggests the layout is likely practical for its era. It would suit a small family comfortable with cozy living, or could serve as a strategic starting point with potential to add living space over time, given the large lot.
4. The assessed value has risen. What does that indicate?
The increase from $21.1k in 2016 to a current assessed value of $27.9k reflects a strong upward trend in the property's market value, suggesting the area is appreciating. It shows a solid history of value growth, which is a positive sign for future equity.
5. Who is this neighbourhood, Beaumont, best for?
Beaumont is a mature, established neighbourhood in Winnipeg. It typically appeals to those seeking character, stability, and convenient access to city amenities without the premium of a brand-new subdivision. It's ideal for buyers who value established communities over brand-new construction.