4 Neptune Bay

Property Overview & Key Characteristics

This well-established one-storey home in Beaumont sits on a generous 7,315 sqft lot, placing it in the top 10% for size on its street. Built in 1963, the house itself offers 1,402 sqft of living space and features a renovated basement and a detached garage. Its primary appeal lies in its established, spacious setting. The lot size is a significant asset, offering ample outdoor space for gardening, play, or expansion in a mature neighbourhood. The renovated basement adds valuable, modernized living area.

The property would suit buyers looking for a solid, no-frills home in a quiet area where the land itself is a major part of the value. It’s ideal for those who prioritize private outdoor space over a newer build, and for handy individuals or families who see potential in a home that has seen some updates (like the basement) but may benefit from further personalization over time. A thoughtful perspective is that while the home's assessed value is modest, its above-average lot size and living area for the immediate area suggest a property with strong underlying equity and potential for long-term value as neighbourhoods mature and land becomes scarcer.

Frequently Asked Questions

1. What does the "renovated basement" typically include?
While specifics would require a viewing, a renovated basement in a home of this era usually means it has been finished into a livable space, potentially including areas like a family room, additional bedrooms, or a laundry/utility area. It indicates the space is insulated, drywalled, and has proper flooring, not just a raw concrete cellar.

2. How does the detached garage impact daily use?
A detached garage offers flexibility for use as a workshop or project space without concerns about fumes or noise in the house. However, it means a walk outdoors to access your vehicle, which is a consideration during Winnipeg winters.

3. The home is 63 years old. What should I be prepared for?
While the renovated basement is a plus, prospective buyers should budget for ongoing maintenance common to homes of this age. This can include updates to original plumbing or electrical systems, window replacements, or roof maintenance. A thorough home inspection is essential.

4. The assessed value seems low compared to other listings. Why?
Municipal assessed value for taxation purposes often lags behind current market values and is not an appraisal. It’s a starting point. The value here may reflect the home's older age and modest finishings, while the market price will factor in the desirable lot size, living space, and recent renovations.

5. Is the large lot a good opportunity for future expansion?
Potentially, yes. The lot size is well above average for the street. This could provide room for additions like a larger deck, shed, or even a home extension, subject to local zoning bylaws and permit approvals. It’s a key feature that adds long-term flexibility and value.