Property Overview: 1138 Beauty Avenue, Winnipeg
Key Characteristics & Appeal
This is a modest, two-storey home built in 1977, offering 1,080 square feet of living space on a 2,517 sqft lot. Its core appeal lies in being a straightforward, entry-level property in the Leila-Mcphillips Triangle neighbourhood. The data reveals a home that is relatively newer than many on its own street and offers above-average living space for the immediate area, suggesting it may be a slightly larger or more modern option within its specific local context.
The property would suit first-time buyers, investors, or those seeking a lower-cost foothold in the market who are comfortable with a home that has an unfinished basement and no garage. Its assessed value is notably below average for both the wider neighbourhood and the city, indicating a potentially lower property tax burden and a price point that could attract budget-conscious purchasers. A thoughtful perspective is that this home represents a practical, no-frills opportunity; its value isn't in premium features, but in providing essential shelter and space at a manageable cost, allowing owners to build equity without a hefty initial investment.
Frequently Asked Questions
1. What is the exact recent sold price?
The available public data shows it sold between $17.5k and $20.5k in May 2019. For the precise sale price, you can request the exact figure via email from the listing source.
2. What does "below average" assessed value for the neighbourhood mean?
The home's assessed value ($25.8k) is in the bottom 7% for Leila-Mcphillips Triangle. This typically suggests a lower annual property tax bill compared to many area homes, but it may also reflect the home's condition, lack of renovations, or smaller lot size relative to neighbours.
3. Is the house newer than others nearby?
Yes. Built in 1977, it is newer than about 87% of comparable homes on its street, ranking in the top 13%. This can be an advantage, potentially meaning fewer immediate concerns with aging components compared to older houses in the immediate vicinity.
4. What are the main compromises?
The listing notes an unfinished basement and no garage. Buyers should anticipate needing to create their own storage solutions and factor in the cost of developing the basement if additional living space is desired.
5. How does the lot size compare?
The lot is 2,517 sqft, which is smaller than about 91% of lots in the broader Leila-Mcphillips Triangle area. This means less outdoor space but could also translate to less yard maintenance.