Property Overview: 1028 Beauty Avenue, Winnipeg
Key Characteristics & Appeal
This 1,080 sqft home, built in 1977, presents a practical opportunity in Winnipeg's Leila-Mcphillips Triangle neighborhood. Its primary appeal lies in its relative value and efficiency. While the living space is above average for Beauty Avenue itself, the home's assessed value is notably below average across all comparison levels—street, neighborhood, and city-wide. This creates a scenario of a reasonably sized home with a lower property tax base, which is a significant, though less obvious, financial advantage.
The property sits on a modest 2,004 sqft lot, which means lower maintenance but less private outdoor space. It would suit first-time buyers or pragmatic investors seeking an affordable entry point into the market, where the priority is interior space over land size. The data suggests it's not a "fixer-upper" in a declining area, but rather a functionally sized home in a neighborhood of varied values, offering a chance at equity growth through simple updates rather than major overhauls.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
The assessed value is calculated for municipal tax purposes and is significantly influenced by the home's specific characteristics, recent sales on the street, and the overall valuation range within the immediate neighborhood. A below-average assessment often translates to lower annual property taxes.
2. What does the sold price history tell me?
The home sold in April 2022 for an estimated $25.5k to $28.5k, closely aligning with its current assessed value. This indicates a stable, non-speculative market for this specific property in recent years.
3. Is the smaller lot size a disadvantage?
It depends on your lifestyle. A smaller lot requires less time and money for yard maintenance, which is a benefit for busy owners. The trade-off is limited space for expansions, large gardens, or extensive private outdoor recreation.
4. Who are the typical neighbors?
The list of nearby properties with similar assessed values includes homes on both nearby avenues and in other neighborhoods like Westdale. This suggests the area attracts a mix of residents seeking the same core value: affordable homeownership without sacrificing all interior space.
5. How do you interpret the ranking badges (e.g., Top 25%)?
These rankings compare this home against similar properties in three tiers: its street, the broader Leila-Mcphillips Triangle area, and all of Winnipeg. For example, its living area is in the "Top 25%" on its own street, meaning it is larger than about 75% of its immediate neighbors. This helps identify where the property's strengths and weaknesses lie within different contexts.