Property Overview: 1145 Somerville Avenue
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home in Beaumont is a classic Winnipeg property built in 1946. Its primary appeal lies in its established, quiet neighbourhood and its generous 4,498 sqft lot, which is notably larger than many in the area. The home itself offers 1,070 sqft of living space and includes a basement, though it is noted as not being renovated.
The property suits buyers looking for a solid, no-frills home in a mature community, with the value proposition centered on land size and location rather than modern finishes. It’s an ideal candidate for a long-term holder who sees potential in the lot itself or for a buyer comfortable with taking on gradual updates. The assessed value ranks highly within its immediate context, suggesting it is viewed as a stable asset in the area. This isn't a move-in-ready showcase; its charm is in its straightforwardness and the opportunity it presents in a well-ranked neighbourhood.
Section 2: Frequently Asked Questions
1. What does "not renovated" for the basement imply?
It typically means the basement is in original or functional condition, but not modernized. Buyers should budget for potential updates to insulation, flooring, or layout to suit their needs.
2. How significant is the lot size?
At nearly 4,500 sqft, the lot is a standout feature, offering more outdoor space than 75% of properties on the same street. This allows for gardening, expansion, or simply more privacy.
3. The home sold for less than its current assessed value in 2016. Should I be concerned?
Not necessarily. The 2016 sale price is a historical data point. The current assessed value reflects the municipal valuation for tax purposes, which considers broader market trends. A professional market valuation is needed to determine today's fair price.
4. Who are the typical neighbours?
The nearby properties are of similar vintage, suggesting a stable, established streetscape. The high neighbourhood ranking for this property indicates it's among the better-maintained or more desirable homes in Beaumont.
5. There's no garage. How does that affect value and daily life?
The lack of a garage is a consideration for vehicle storage and workshop space. However, it is common for homes of this era and is often factored into the price. The large lot does offer potential for adding a garage or shed, subject to local bylaws.