Property Summary: 1216 Edderton Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in Beaumont presents a straightforward opportunity. Its primary appeal lies in its generous 5,024 sqft lot, which ranks above average for the street and neighbourhood, offering significant outdoor space and potential in a mature area. The 800 sqft living area is compact but ranks highly for size within its immediate context, suggesting an efficient layout for its era.
The property suits two main types of buyers. First, it's a practical entry point for first-time buyers or investors seeking a land-valuable asset with a liveable structure, willing to take on a home with an unrenovated basement. Second, it appeals to those looking for a long-term property with space to eventually expand or customize, valuing the established neighbourhood and larger lot over a move-in-ready finish. A less obvious perspective is its strong ranking in assessed value against recent sale price history; this may indicate perceived stability or upside by the assessor compared to its last sale, which could be a point of discussion for the value-focused buyer.
Section 2: Frequently Asked Questions
1. What does "unrenovated basement" typically mean for a 1953 home?
It generally indicates the original foundation, flooring, walls, and mechanical systems. Buyers should budget for inspections and potential updates to insulation, moisture management, and utilities.
2. The lot is large, but is there room to build an addition?
The 5,024 sqft lot provides good space, but any expansion would require checking current zoning bylaws, setback requirements, and the condition of the existing septic system (if applicable).
3. How does the last sale price compare to the current assessed value?
The home sold for $22,300 in April 2022 and now carries a $27,300 assessed value. This increase can reflect market changes, but the sale price was notably low for the area at that time, suggesting the previous sale may have been under unique conditions.
4. Are the rankings for living area size a positive?
Yes. While 800 sqft is modest, ranking in the top 14% on its street means most comparable homes are smaller. This suggests the home may feel more spacious than others in its immediate area.
5. What is the neighbourhood character of Beaumont?
Beaumont is a mature, established neighbourhood with a mix of original and updated homes. The rankings show this property sits on a street with a mix of lot sizes and home ages, offering a settled community feel.