Property Overview & Key Characteristics
918 Beach Avenue is a well-maintained, one-storey home built in 1951, situated on a generous lot in Winnipeg's East Elmwood neighbourhood. Its primary appeal lies in its balance of space, location, and value. The 1,025 sqft living area is typical for the immediate area, but the property stands out with a land area of nearly 5,000 sqft, which is above average for both the street and the neighbourhood. This offers significant outdoor space and potential. The home features a renovated basement and a detached garage.
Its assessed value positions it above average for East Elmwood, suggesting it is a solid, established property within its local market. It would suit first-time buyers seeking a manageable single-level layout with room to grow outdoors, or value-conscious buyers looking for a home with a proven history in a stable community. A thoughtful perspective is that while its size is modest city-wide, its above-average lot size for the area provides a rare commodity: space for gardens, play, or future expansion that is often unavailable in newer subdivisions.
Frequently Asked Questions
1. How does this home compare to others on the street and in East Elmwood?
The home is very consistent with the local market. Its living area and age are around the neighbourhood average, but it has an above-average lot size and assessed value for East Elmwood, indicating a well-regarded property on its street.
2. What is the significance of the lot size?
At 4,974 sqft, the lot is larger than many in the area. This is a key feature, offering more privacy, yard space, and potential for additions, decks, or landscaping than is typical for the neighbourhood.
3. Has the property value been stable?
Based on available data, the assessed value has increased steadily. The sale price rose from $22.3k in 2016 to $26.5k in 2021, and the current assessed value is $28.6k, showing consistent growth in line with or slightly above local averages.
4. What should I consider about a home from 1951?
While featuring a renovated basement, the core structure is 75 years old. Prospective buyers should budget for potential updates to major aging components, such as plumbing, electrical, or the roof, which are common for homes of this era.
5. Who might this property not suit?
Buyers seeking a large, modern interior or a brand-new home may find the living space modest. It may also not fit those wanting an attached garage, as the garage here is detached. It is best suited for those who value lot size and location over sheer interior square footage.