Property Overview: 7 Jupiter Bay, Winnipeg
Key Characteristics & Appeal
This is a well-situated, single-storey home in Beaumont, built in 1961 on a notably large lot (over 6,400 sq ft). Its key features include a renovated basement and a detached garage. The appeal lies in its balance of established neighbourhood character and clear value. The lot size is a significant asset, ranking in the top third locally, offering ample outdoor space uncommon in many newer developments. While the living area is modest at 1,050 sq ft, the renovated basement adds functional space.
The property suits practical buyers looking for a solid entry point into a mature neighbourhood. It’s ideal for those who prioritize land size over a large interior footprint, seeing potential for gardens, expansion, or simply more private space. It would also appeal to value-conscious purchasers comfortable with a home of this vintage, who view the already-renovated basement as a key project already completed. The recent sale history suggests a market-tested value proposition.
Frequently Asked Questions
1. What does the ranking data actually tell me?
It contextualizes the property against its immediate neighbours and the wider city. For example, the lot size ranks highly locally, a real positive, while the building's age is fairly typical for the area. This helps you gauge what are standout features versus standard expectations.
2. The home was last sold in 2019. What might that indicate?
The relatively short ownership period could be due to many neutral or positive life events (relocation, upsizing). It doesn’t inherently signal a problem, especially given the owner invested in a basement renovation during their tenure.
3. Is the detached garage a pro or a con?
It depends on preference. It offers separation from the house, which can be ideal for a workshop or to reduce noise. However, it means navigating the elements in Winnipeg winters, which some buyers may find less convenient than an attached structure.
4. How should I interpret the assessed value versus the last sale price?
The current assessed value ($37.9k) is close to the 2019 sale price ($34.5k), which is stable. In Manitoba, assessed value is for municipal tax purposes and is not a direct marker of market value. A professional appraisal or comparative market analysis is needed for an accurate current value.
5. What’s less obvious about the location from this data?
The listings for nearby and similarly-valued properties are almost exclusively on different streets within the Elmhurst/Beaumont area. This suggests the home is in a consistent, established value pocket, not an outlier. The tight cluster of homes on Jupiter Bay indicates a quiet, close-knit street setting.