817 Beach Avenue

Property Overview: 817 Beach Avenue, East Elmwood

Key Characteristics & Buyer Appeal

This is a compact, one-storey home built in 1950, situated on a standard-sized lot in East Elmwood. With 751 square feet of living space, it is notably smaller than average for the area, which positions it as a more affordable entry point into the Winnipeg market. A key feature is its renovated basement, adding functional space. The home includes a detached garage and does not have a pool.

Its primary appeal lies in its value proposition. The assessed value is modest, and the home last sold in 2019 for $200,000, a price that performed well against historical averages. This suggests it’s a practical choice for budget-conscious buyers, particularly first-time homeowners or investors seeking a manageable rental property. The renovated basement is a significant plus, effectively expanding the usable space beyond the main floor's footprint. The lot size is typical for the street, offering standard outdoor space without extensive maintenance demands.

This property would best suit buyers who prioritize location and affordability over square footage. It’s a pragmatic option for someone comfortable with a cozy layout who values having updated essentials (like the basement) and the potential to build equity in a well-established neighbourhood. A thoughtful perspective is that its smaller size can mean lower utility costs and less upkeep, aligning with a simpler, more efficient lifestyle.

Frequently Asked Questions

1. How does the living area compare to nearby homes?
At 751 sqft, the living area is below average for Beach Avenue and the wider East Elmwood area, where comparable homes often exceed 1,000 sqft. The renovated basement helps compensate for the compact main floor.

2. What is the significance of the assessed value?
The assessed value of $23,800 is below the citywide average but is fairly typical for East Elmwood. It generally indicates a lower property tax burden, which is a key part of the home’s affordability.

3. Is the lot size a pro or a con?
The lot is approximately 4,442 sqft, which is very average for the area. It provides adequate outdoor space but is not exceptionally large, striking a balance between having a yard and minimizing landscaping work.

4. Who might this home not be suitable for?
It may not suit families requiring multiple bedrooms or dedicated living spaces, or buyers who prioritize modern, open-concept layouts typically found in newer builds. The floor plan will feel cozy.

5. What does the 2019 sale price tell us?
The $200,000 sale price in 2019 ranked in the top 90% for value compared to historical sales on the same street. This strong performance suggests the home has been perceived as a good value purchase in recent history.