Property Overview: 1039 Edderton Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home, built in 2024, is a modern offering in the Beaumont neighbourhood. Its primary appeal lies in being a like-new property without the premium often attached to brand-new builds. The home features 1,405 sqft of living space on a notably generous 2,577 sqft lot, placing it in the top tier for land size on its street. A key feature is the renovated basement, adding immediate functional space.
The property suits buyers seeking a low-maintenance, modern home in an established area. It’s particularly compelling for first-time buyers or downsizers who want contemporary finishes and systems without a lengthy construction process. A thoughtful perspective is its strong value retention potential; it recently sold for $56.20k (May 2024) against a $53.40k assessed value, suggesting a stable market perception. While it lacks a garage, the large lot provides flexibility for future additions or outdoor living.
Section 2: Frequently Asked Questions
1. What does a "renovated basement" entail here?
Given the home is only two years old, the renovation likely means the basement was finished to a liveable standard post-construction, adding valuable extra room that many newer homes may not yet have.
2. How does the lack of a garage impact daily life and value?
This is a trade-off for the modern home at this price point. The large lot offers room to add a garage later, but buyers should budget for that. On-street parking is typical for the area, as seen with nearby properties.
3. The assessed value seems low. Is this accurate?
The assessed value is consistent with similar homes in other neighbourhoods (like Elmhurst) listed in the data. It reflects the municipal valuation for tax purposes, which often trails behind current market sale prices, as seen with its recent $56.20k sale.
4. What is the neighbourhood really like?
Beaumont is a mix of old and new. This home is on a street with houses ranging from the 1930s to 2025 builds, creating a diverse streetscape. The property ranks in the top 5% for lot size in the area, indicating it's one of the more spacious offerings in a transitioning neighbourhood.
5. Are there any immediate concerns with a 2024 build?
A major advantage is that the home should still be under the original builder’s warranty, offering protection against structural or major system defects. It’s advisable to confirm warranty status and review any existing home inspection reports from the 2024 sale.