Property Summary: 3360 Beiko Avenue, Winnipeg
Key Characteristics & Appeal
This 1987-built, single-storey home in Elmhurst sits on a spacious 6,434 sqft lot and offers 1,817 sqft of living space. Its key appeal lies in its above-average size and recent, strong market performance, having sold for $598,000 in September 2024—a price that ranks it in the top tier of recent sales for the area. The home features an unfinished basement and an attached garage.
The property’s standout characteristic is its relative newness and generous proportions compared to its immediate surroundings. It is newer than 97% of homes on its street and offers more living space than 87% of them, providing a modern footprint in an established neighborhood. This combination suits buyers looking for a move-in-ready, spacious bungalow without the premium of a brand-new build. It would particularly appeal to downsizers or families seeking single-level living with ample room and a large yard, all within a community that offers mature amenities.
A less obvious perspective is the home’s value trajectory. The recent sale price significantly exceeded its current assessed value, suggesting the market recognizes attributes—perhaps updates, lot appeal, or specific location—that the standard assessment may not fully capture. This indicates a property that has been competitively positioned and validated by buyers.
Frequently Asked Questions
1. How does the recent sale price compare to the home’s assessed value?
The home sold for $598,000 in September 2024, which is notably higher than its current municipal assessment of $475,000. This typically reflects current market conditions and buyer demand for well-positioned properties in the area.
2. What does the "unfinished basement" mean for potential?
The home has a full, undeveloped basement. This is a significant opportunity for future expansion, allowing a new owner to customize additional living space, storage, or utilities to suit their needs, adding potential value.
3. Is the property relatively new for the neighborhood?
Yes. Built in 1987, it is newer than approximately 97% of the homes on its street and 79% of homes in the broader Elmhurst community, offering more modern construction standards and likely requiring less immediate major maintenance than older counterparts.
4. How does the lot size compare to others?
At 6,434 sqft, the lot is larger than average. It ranks in the top 61% on its street and provides substantial outdoor space for gardening, recreation, or future additions like a deck or patio.
5. What do the ranking percentages mean for value?
The percentages show how this property compares to others in key metrics. For example, its living space ranks in the top 15% across all of Winnipeg, highlighting its above-average size. The high rankings for its recent sale price (top 7% in Winnipeg) confirm it achieved a premium market position.