1054 Beauty Avenue

Property Overview: 1054 Beauty Avenue, Winnipeg

Key Characteristics & Appeal

This two-storey home on Beauty Avenue in the Leila-Mcphillips Triangle neighborhood offers a practical, no-frills entry point into homeownership. With 1,080 sqft of living space, it sits above average for its immediate street but is modest compared to wider area averages. A key feature is its renovated basement, adding functional space. The home was built in 1977, making it newer than many on its street and in the city overall—a plus for those wary of the maintenance needs of much older properties.

Its primary appeal lies in its affordability and efficiency. The assessed value is notably below average for both the neighborhood and the city, suggesting a lower property tax burden and an accessible price point. This isn't a sprawling property; the land area is compact, which translates to less yard upkeep. It last sold in the $17.5k-$20.5k range in 2017.

This property would best suit first-time buyers, downsizers, or investors seeking a straightforward, manageable asset. It’s for those who prioritize financial accessibility and a renovated living space over square footage or lot size. A thoughtful perspective is that its compact lot and smaller footprint could be seen as an efficiency advantage, reducing both maintenance costs and environmental impact.

Frequently Asked Questions

1. What does the assessed value tell me about this property?
The assessed value is significantly below the averages for both the neighborhood and Winnipeg. This typically indicates a lower annual property tax bill, which is a key ongoing cost savings for the owner.

2. How does the living space compare practically?
At 1,080 sqft, it's a comfortably sized home for a small household. While it's smaller than the area average, it ranks well on its own street, suggesting it fits the scale of the immediate community.

3. The land area is listed as "below average." Is that a concern?
The lot is compact, which means less exterior maintenance—a benefit for those not wanting extensive yard work. It’s a trade-off: you gain simplicity but have less room for expansions or large outdoor projects.

4. The home was built in 1977. What should I consider?
Being newer than many comparable homes is generally positive for core systems. However, a home of this age will still require a thorough inspection, as major components like the roof, windows, or furnace may be nearing the end of their typical lifespan.

5. What is the significance of the renovated basement?
A renovated basement immediately adds usable living or storage space without the need for a costly project. It’s a valuable finished asset, but ensure the renovation was permitted and addresses any foundational moisture concerns common in basements.