Property Overview: 991 Beach Avenue, Winnipeg
Key Characteristics & Appeal
This two-storey home at 991 Beach Avenue in East Elmwood presents a compelling blend of space, value, and established neighborhood character. Its key strength is its generous proportions: with over 2,000 sqft of living space and a 5,670 sqft lot, it significantly outperforms most homes on its street and in the wider area. The home benefits from a renovated basement and a detached garage. Built in 1958, it is newer than many comparable properties nearby.
The appeal lies in its "above-average" standing within a well-established community. For buyers, it represents an opportunity to acquire a home with substantial interior and exterior space without the premium price of newer subdivisions. The recent sale price suggests strong market recognition of these attributes. This property would particularly suit growing families or multi-generational households seeking room to spread out, as well as value-conscious buyers looking for a home with immediate livability and the potential to personalize over time. A less obvious perspective is its appeal to those who appreciate a home with a mature landscape and established trees, often found on lots of this vintage and size.
Frequently Asked Questions
1. How does this home compare in size to others nearby?
It ranks in the top 10% for both living area and land area within East Elmwood, meaning it is notably larger than the vast majority of homes in the immediate area.
2. What does the "Elite" assessed value ranking mean for the street?
On Beach Avenue, this home's assessed value is in the top 2%. This indicates it is considered one of the most valuable properties on the street, likely due to its combination of size, renovations, and lot.
3. Is the basement included in the living area square footage?
Typically, living area (2,064 sqft) refers to above-grade, finished space. The listing confirms a renovated basement, which is additional, valuable living space not included in that primary square footage figure.
4. The city-wide assessed value rank is lower. Does that mean it's overvalued?
Not necessarily. The "around average" city-wide rank reflects that assessed values in newer or different areas of Winnipeg can be higher. The "Elite" ranking within its own neighborhood is a more relevant indicator of its standing and desirability in the local market.
5. What is the significance of the lot size?
At over 5,600 sqft, the lot provides ample private outdoor space, which is a growing rarity. It offers room for gardening, recreation, potential additions like a deck or shed, and a greater sense of privacy compared to newer, denser developments.