Property Overview: 3440 Beiko Avenue
Key Characteristics & Appeal
This is a well-established, single-story home in Elmhurst, built in 1976. Its primary appeal lies in its generous, mature lot of over 9,200 square feet, which offers significant outdoor space and privacy—a feature that is increasingly rare in newer subdivisions. The home itself, at 1,403 sqft with a finished basement and an attached garage, provides practical living space. The data suggests a property with strong fundamentals: it ranks in the top 10% for lot size on its street and in the top 15% within its broader community, indicating a premium outdoor setting. However, its age and assessed value position it more modestly in other rankings, presenting a grounded opportunity.
This home would suit a buyer looking for a quiet, established neighborhood who values a large yard for gardening, children, or pets over a brand-new build. It’s ideal for someone comfortable with the character and potential maintenance considerations of a 50-year-old home, but who sees the lasting value in a substantial piece of land. The finished basement adds flexible space for a growing family, a home office, or recreation.
Frequently Asked Questions
1. What does the ranking data actually tell me?
The rankings compare this property to others on its street, in Elmhurst, and across all of Winnipeg. The high rankings for lot size (top 10% on street) highlight its standout feature: the large yard. The more average rankings for living area and assessed value suggest the home itself is competitively positioned within the market for its size and age.
2. Is the 1976 build year a concern?
While the home is 50 years old, this is typical for many established, tree-lined neighborhoods. It means you benefit from mature landscaping and settled communities. A thorough inspection is always recommended to understand the condition of major systems like roof, windows, and plumbing, which may be due for updates or replacement.
3. Who is the typical buyer in this area?
Elmhurst often attracts families and long-term residents seeking stability, larger lots, and a community feel. Given this home’s layout and lot size, it would likely appeal to first-time buyers with room to grow, or downsizers looking for single-level living without sacrificing outdoor space.
4. How does the assessment value relate to the listing price?
The municipal assessment ($413,000) is for tax purposes and reflects a mass appraisal formula from a prior date. It’s a useful benchmark but does not dictate market value. The listing price will be set based on current market conditions, recent sales of comparable homes, and the unique attributes of this property.
5. What are the less obvious advantages of a larger, older lot?
Beyond space, a lot of this size in an established area often means deeper setbacks from the street, greater privacy from neighbors, and mature trees that provide shade, reduce energy costs, and enhance the overall ambiance. It also offers potential for future landscaping projects, like a garden or shed, that wouldn't be possible on a smaller plot.