Property Overview
1030 Beauty Avenue is a compact, single-family home in Winnipeg's Leila-Mcphillips Triangle neighborhood. Built in 1977, the 1,080 sqft residence sits on a 2,395 sqft lot and carries a notably low assessed value. Its appeal lies in its position as a highly affordable entry point into homeownership, particularly for a stand-alone house rather than a condo. The home's living space is above average for its immediate street, suggesting it may be relatively efficient or well-configured for its size. However, its assessed value and land area are significantly below averages for both the neighborhood and the wider city, indicating this is a value-driven option in a modest setting.
This property would suit first-time buyers or investors seeking minimal property tax exposure and the lowest possible price barrier for a detached home. It's less suited for those prioritizing ample outdoor space, modern builds, or areas with rapidly appreciating property values. A thoughtful perspective is that the low official valuation could represent a long-term tax advantage, but it also reflects the market's current view of the property and area.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
The assessed value is based on market valuations for similar properties in the area. This figure indicates that comparable homes in the Leila-Mcphillips Triangle and on Beauty Avenue itself are valued lower on average than those in most other parts of Winnipeg.
2. How does the home's size compare to others nearby?
At 1,080 sqft, the living area is actually above the average for homes on Beauty Avenue itself, ranking in the top 25%. This suggests the house may offer more interior space than many of its direct neighbors.
3. What does the sale history show?
Public records show the home sold in June 2022 for an estimated price range between $27,500 and $30,500, which is consistent with its current low assessed value.
4. Is the lot size a limitation?
The 2,395 sqft lot is below average for both the neighborhood and the city. This means outdoor private space is more limited, which is a typical trade-off for the affordability of the home.
5. How can I find out the exact past sale price?
The exact sold price is not publicly displayed. You can request it directly via the "Get exact sold price history" feature on the listing page by providing your email address. The service states it will provide the accurate figure manually without using your email for unsolicited marketing.