Property Overview
1150 Beauty Avenue is a two-storey home in Winnipeg's Leila-Mcphillips Triangle neighbourhood. Built in 1977, it offers 1,080 sqft of living space and sits on a 2,440 sqft lot. The home features a renovated basement and does not include a garage or pool.
Key Characteristics & Appeal
This home presents a practical, no-frills opportunity in a mature neighbourhood. Its primary appeal lies in its relative affordability and efficient use of space, underscored by a recently renovated basement that adds functional living area. The data reveals a nuanced position: while the living space is above average for its immediate street, the property's assessed value and land size are notably below the averages for both the broader neighbourhood and the city. This suggests a value proposition for a buyer comfortable with a smaller lot who prioritizes the updated interior condition over expansive outdoor space.
It would suit a first-time homebuyer, a downsizer, or an investor seeking a straightforward, maintained property with rental potential. The home is less suited for those seeking a large yard, garage parking, or a property at the top end of neighbourhood comparables.
Frequently Asked Questions
1. What does the assessed value tell me about this property?
The assessed value is below average for the neighbourhood and city, which typically correlates with a lower purchase price and property taxes. It reflects the home's smaller lot and modest size relative to area norms.
2. How does the lot size impact potential use?
At 2,440 sqft, the lot is compact. This means lower maintenance but limited scope for major expansions, additions, or extensive outdoor living spaces like decks or pools.
3. The home sold in 2016. Is there a reason for the long ownership period?
A nine-year ownership span suggests the sellers were settled residents. This can indicate a stable property and neighbourhood, but it also means major systems (like roof, furnace) may be nearing the end of their typical lifespan despite the basement renovation.
4. What are the implications of not having a garage?
Buyers should factor in the cost and logistics of street parking, including winter parking bans, and the lack of protected storage for vehicles and belongings.
5. The living area is above average for the street but average for the area. What does this mean?
It indicates that homes on Beauty Avenue are generally more modest in size than others in the Leila-Mcphillips Triangle. This home offers good interior space for its immediate locale, which is a positive, but its overall value is still influenced by the broader, more direct neighbourhood comparisons.