Property Overview & Key Characteristics
This home at 1022 Beauty Avenue presents a specific and value-oriented opportunity in Winnipeg's Leila-Mcphillips Triangle neighborhood. Its primary appeal lies in its exceptionally low financial barriers. With an assessed value of $23,500 and a last known sale price in the $16.5k-$19.5k range, it stands out as one of the most affordable entry points into the market. The 960 sqft house, built in 1977, is newer than many on its street and offers a manageable footprint.
The property suits a very particular buyer: investors or hands-on homeowners looking for a low-cost asset. It's a candidate for those interested in a rental property with minimal upfront capital, or for a purchaser willing to live in it while gradually making improvements. The very small land size (1,810 sqft) means minimal exterior maintenance but also limits expansion potential. A thoughtful perspective is that this property's value is almost entirely in the structure itself, making it a straightforward, if compact, proposition.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the property's specific characteristics—namely its below-average living area and very small lot size—within its local market context. It is priced as a modest, entry-level home.
2. What does the "Top 89%" ranking for Assessed Value on its street mean?
It means the property's assessed value is higher than 89% of the 72 comparable homes on Beauty Avenue. In this case, a higher rank for value indicates it is one of the least expensive properties on the street, which is the core of its value proposition.
3. Is this a good option for a first-time buyer?
It could be, but with important caveats. The low price dramatically reduces the mortgage barrier. However, buyers should be prepared for a smaller home and should budget for potential updates, as the price likely reflects a basic condition.
4. How does the small land area affect the property?
The 1,810 sqft lot is significantly smaller than area averages. This translates to very low yard maintenance, but it also means limited outdoor private space and no possibility for additions that require more land.
5. How current is the sold price information shown?
The listed sale price range is from August 2017. For the exact, verified sold price and any more recent transaction data, you must request it via the email service described on the page.