Property Overview: 998 Beach Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home on a standard-sized lot in East Elmwood presents a straightforward, low-maintenance living option. Its key characteristic is its modest 807 sqft living area, which is notably compact compared to many area homes. This is balanced by a recently renovated basement, adding functional space. The detached garage and a lot size just over 4,500 sqft offer practical utility and outdoor potential for the neighbourhood.
The appeal lies in its affordability and simplicity. With an assessed value consistently around the average for its immediate area, it represents an accessible entry point into the Winnipeg market. It suits first-time buyers seeking a manageable property without a major renovation project, downsizers looking to reduce space and upkeep, or pragmatic investors interested in a stable, no-frills rental property. A thoughtful perspective is that its smaller-than-average living space, while a limitation for some, translates directly to lower heating costs and less interior maintenance—a tangible financial benefit year-round.
Section 2: Frequently Asked Questions
1. Is the house particularly small?
Yes. At 807 sqft, the above-ground living area is smaller than most comparable homes in East Elmwood and across Winnipeg. The renovated basement provides additional usable space to offset this.
2. What is the neighbourhood like?
East Elmwood is a mature, established community. The property's metrics (like year built and lot size) are very typical for the area, indicating it fits right into the fabric of this long-standing neighbourhood.
3. How does the assessed value compare?
The assessed value is unremarkable in the best sense—it sits firmly around the average for both Beach Avenue and the wider East Elmwood area, suggesting the property is priced in line with local norms and not overvalued.
4. Was the last sale price typical?
The home sold in 2019 for significantly less than its current assessed value. This is not unusual given market appreciation over time, but it's a point for discussion with a real estate professional regarding current valuation.
5. What are the less obvious considerations?
Consider the long-term utility of the detached garage and the generous lot for the area. While the house is compact, the property layout offers flexibility for storage, a workshop, or future landscaping projects that a larger home on a smaller lot might not.