Property Overview: 2 Windermere Bay, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in Beaumont presents a solid opportunity for a specific type of buyer. Its key characteristic is balance: it sits on a generously sized lot (over 6,000 sq ft) that ranks in the top 10% for size on its street, paired with a modest but functional 1,112 sq ft living space. The home’s age (built 1960) is offset by a renovated basement, adding valuable finished space. Its appeal lies in its established, quiet neighbourhood and the tangible potential of its large, private yard—a canvas for gardening, play, or expansion that is harder to find with newer builds. The detached garage offers flexibility for storage or projects.
This property would best suit a pragmatic first-time buyer, a downsizer looking for single-level living without a tiny lot, or an investor seeking a rentable property with long-term land value. It’s not a modern, turn-key home, but a grounded choice for those who see value in space and location over sheer square footage or new finishes. A thoughtful perspective is that while the interior living area is average for the area, the land parcel is a standout, suggesting the property’s true future value may be more in the land itself than the current structure.
Section 2: Frequently Asked Questions
1. What does the "ranking" data mean?
The rankings compare this property against others on its street, in Beaumont, and across Winnipeg. For example, the lot size is in the top 10% on its street, meaning it's larger than 90% of nearby lots, which is a significant advantage.
2. Is the renovated basement a legal suite?
The listing notes a renovated basement but does not specify it as a legal secondary suite. Buyers should verify with the city if a rental suite is permitted or exists legally, as this impacts value and utility.
3. How does the assessed value relate to the likely selling price?
The assessed value ($38.4k) is for municipal tax purposes and is typically far below market value. The 2021 sale price was $39k, but current market conditions will determine the actual sale price. It serves as a baseline, not an appraisal.
4. What are the implications of a detached garage?
A detached garage offers flexibility and can reduce noise transfer, but it means going outdoors in Winnipeg winters. For some, this is a minor trade-off for the additional workspace or storage it provides.
5. The home is older—what should I prioritize for inspection?
Given the age (1966), a thorough inspection of major systems is key: the roof, foundation, plumbing, electrical (ensuring it's updated), and the quality/permits of the basement renovation. The large lot is a plus, but also check for proper drainage.