Property Overview: 973 Beach Avenue, Winnipeg
Key Characteristics & Appeal
This one-storey home on Beach Avenue in East Elmwood is a compact, no-fuss property built in 1953. With 704 square feet of living space, it is notably smaller than most homes in the area, positioning it as a more manageable and likely affordable option. Its key features include a renovated basement and a detached garage. The lot size, while below average for the street, is still a generous 3,946 sqft, offering valuable outdoor space relative to the home's footprint.
The primary appeal lies in its efficiency and potential. The renovated basement adds functional living space, making the total usable area more flexible than the main floor square footage suggests. It suits first-time buyers seeking an entry point into the market without a large maintenance burden, downsizers looking to rightsize, or investors interested in a character home with a solid lot in a stable neighborhood. A thoughtful perspective is that its "below average" size and assessed value compared to the city might represent a lower property tax base, an ongoing financial benefit that is often overlooked. The significant jump in its sale price from 2017 to 2021 also indicates strong recent appreciation in the locale.
Frequently Asked Questions
1. Is the house too small?
At 704 sqft on the main floor, it is compact. However, the renovated basement significantly expands the usable living area, making it more practical for daily life than the initial square footage implies.
2. How does the assessed value affect property taxes?
With an assessed value significantly below the Winnipeg average, this property likely carries a correspondingly lower municipal tax bill, which is an important factor in long-term affordability.
3. What is the neighborhood like?
East Elmwood is a mature, established neighborhood. The data shows homes here are of a similar vintage and value, suggesting a consistent, stable community character.
4. Why is the lot size considered below average?
While the 3,946 sqft lot is smaller than many on Beach Avenue, it remains a substantial piece of land, especially for a home of this size, offering ample yard space.
5. What does the sale history tell us?
The property sold for $240,000 in April 2021, a substantial increase from its previous sale price. This suggests the area has seen considerable market growth, and the home has likely been updated since the earlier sale.