Property Overview: 786 Beach Avenue, East Elmwood
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1950, situated on a standard-sized lot in East Elmwood. With 735 square feet of living space, it is notably smaller than average for the city, but is typical for the immediate Beach Avenue area. A key feature is its renovated basement, adding functional space, and it includes a detached garage. The home’s assessed value is modest and aligns closely with neighborhood averages.
Its primary appeal lies in being an affordable, no-frills entry point into the Winnipeg market. It suits first-time buyers, downsizers, or investors looking for a straightforward property with recent updates below ground. A thoughtful perspective is that its smaller size and efficient layout could mean lower utility costs and less maintenance, offering a simpler, more manageable lifestyle. While not a standout in any single metric, it represents a grounded opportunity in a well-established community where the property is statistically average for its immediate surroundings, suggesting stability rather than outlier risk or premium.
Section 2: Frequently Asked Questions
1. Is the house particularly small?
Yes. At 735 sq ft, the living area is below the Winnipeg average. However, it ranks in the top 83% on its own street, meaning it is actually quite typical for the specific block of Beach Avenue.
2. What does "renovated basement" mean?
The listing confirms the basement has been renovated, but the specific scope, quality, and permits should be verified by a buyer's inspection. It adds valuable functional space to the smaller main floor.
3. How does the assessed value relate to the sale price?
The property recently sold for $24.4k, slightly below its $25.2k assessed value. This close alignment suggests the sale was in line with municipal valuation and recent area market activity.
4. Who are the typical neighbors or buyers here?
Given the home's size and profile, the immediate area likely attracts practical buyers—first-time homeowners, downsizers from the neighborhood, or long-term holders seeking affordability over luxury.
5. Are there any obvious advantages to the lot or location?
The lot is a standard neighborhood size. The advantage is not in standout dimensions but in its established setting. Proximity to nearby, recently sold similar properties (like 778 Beach Ave) indicates a stable, consistent local market.