Property Overview: 791 Beach Avenue, East Elmwood
Key Characteristics & Appeal
This one-storey home at 791 Beach Avenue presents a compelling opportunity centered on its generous lot and modernized foundation. Its primary appeal lies in the substantial 6,638 sqft property, which ranks in the top 1% for land size on its street and the top 3% in East Elmwood. This offers rare potential for expansion, gardening, or outdoor living in the neighbourhood. The home itself is newer than most in the area, built in 1978, and features a renovated basement, adding valuable finished living space to the 1,344 sqft footprint. While the living area is above average for the immediate vicinity, the interior space is typical for Winnipeg overall, suggesting the true value is in the land and the updated lower level.
This property would suit a practical buyer looking for a long-term home with room to grow, either literally or in value. It’s ideal for someone who prioritizes private outdoor space over a large existing interior or for an investor/owner who sees the value in the lot size and the already-completed basement renovation. It offers a balance of a move-in-ready lower level with the future potential tied to its elite-sized parcel of land.
Frequently Asked Questions
1. How does the sale price compare to the assessed value?
The home sold for $370,000 in December 2023, which is significantly higher than its $36,700 assessed value. This is common, as assessed values for tax purposes often do not reflect current market value.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. A buyer should inquire about the scope of work, permits, and the current use of the space (e.g., suite potential, family room, bedrooms).
3. Is the detached garage included?
Yes, the property includes a detached garage. Details on its size, condition, or features are not provided in the data and would require further inquiry.
4. How does this home compare to others on the street?
The data shows this home stands out on Beach Avenue for its much larger lot (ranked #1 for size) and newer construction (ranked #11 out of 161). Its living space and assessed value are also above the street average.
5. What is the neighbourhood like?
The home is in East Elmwood. The provided data includes nearby and comparable properties, which are primarily from the same neighbourhood, indicating a consistent, established community. For insights on schools, amenities, or noise, further neighbourhood-specific research is recommended.