Property Overview: 62 Beeston Drive, Margaret Park, Winnipeg
Section 1: Key Characteristics & Appeal
This 672 sqft bungalow, built in 1971, presents a compelling case for value-focused buyers. Its primary appeal lies in its standout position within its immediate neighbourhood of Beeston Drive and Margaret Park. While modest in size compared to the wider city, the home ranks in the top tier locally for its assessed value, year built, and lot size. This indicates a well-regarded property on a desirable, larger-than-average lot for the street.
The home suits first-time buyers, downsizers, or investors seeking an affordable entry into a stable neighbourhood. Its appeal is practical: lower property taxes due to the assessed value, a manageable size for low maintenance, and the potential of a 4,171 sqft lot for gardening, expansion, or future value. A thoughtful perspective is that this property offers the benefits of an established, mature neighbourhood without the premium price tag of a larger or fully renovated home, making it a strategic "foot in the door."
Section 2: Frequently Asked Questions
1. Is the assessed value accurate compared to the likely selling price?
The assessed value ($27.4k) is for municipal tax purposes and is typically far lower than market value. The last sold price range (2023: $200k-$250k) is a better indicator of its actual market worth.
2. How does the home's smaller living area impact daily life?
At 672 sqft, the floor plan is compact. It would suit individuals, couples, or those comfortable with efficient living spaces. The larger lot provides valuable outdoor space to compensate.
3. What does the "top 2%" ranking for year built on its street mean?
This statistic is relative. On Beeston Drive, being built in 1971 makes it one of the newest homes, suggesting a street with many older properties. It doesn't imply the home is new, but that it may have newer construction materials or systems than its immediate neighbours.
4. Are sold prices for nearby homes a good comparison?
Nearby homes on Beeston Drive are the most relevant comparables. The "similar assessed value" list includes properties across Winnipeg, which is less useful for market comparison than the specific sold history and neighbourhood analysis suggested on the page.
5. How can I get the exact past sold price?
As noted, exact sale prices are not publicly displayed in detail here. You must request them via email from the service, which provides them manually without using your email for marketing.