Property Summary: 86 Beeston Drive, Margaret Park, Winnipeg
Section 1: Key Characteristics & Appeal
This 672 sqft home, built in 1971, presents a straightforward opportunity in Winnipeg's Margaret Park neighbourhood. Its primary appeal lies in being a modest, lower-cost entry point into homeownership. The home ranks well for its living area size compared to others on Beeston Drive, suggesting it offers reasonable space for its immediate context. A key, less obvious characteristic is its assessed value, which is notably stable and average for its street, indicating it may not carry an inflated price premium relative to its direct neighbours—a potential advantage for value-conscious buyers.
The property would best suit first-time buyers, investors seeking a rental property with a manageable entry cost, or downsizers looking for a low-maintenance, single-level living option. Its smaller lot size translates to less yard work, appealing to those prioritizing simplicity. While the home's metrics are generally below city-wide averages for size and value, this underscores its role as an affordable practical choice rather than a premium property, ideal for someone whose goal is secure ownership in a established community without overextending financially.
Section 2: Frequently Asked Questions
1. What does the "Top 11%" ranking for Living Area mean?
This means the home's interior size (672 sqft) is larger than 89% of the 44 comparable homes on Beeston Drive. It's relatively spacious for its specific street, though smaller than most homes in the wider Margaret Park area and Winnipeg overall.
2. Is the low assessed value a concern?
Not necessarily. At approximately $24,300, it's very close to the street average. This reflects the home's modest scale and likely results in lower property taxes, which is a practical benefit. It's consistent with the home's profile as an affordable option.
3. The home sold between $150k-$200k in 2022. Why is the assessed value so much lower?
Assessed value, set by the municipal government for taxation purposes, is often significantly lower than market value (the sale price). They are calculated differently and should not be directly compared. The sale price reflects what a buyer was willing to pay in the open market at that time.
4. The "Year Built" ranking seems high. Does that mean the home is newer?
The "Elite" ranking (Top 2%) means it is one of the newer homes on Beeston Drive, built in 1971. However, for the entire city, 1971 is around average. So, it's newer than its immediate neighbours but a typical age for Winnipeg housing stock.
5. Who would benefit from requesting the exact sold price history?
Knowing the precise past sale price (not just the range) is most useful for serious buyers or sellers to perform a detailed comparative market analysis. It helps in formulating a competitive offer or listing price based on concrete historical data for this specific property.