Property Overview & Key Characteristics
This home at 62 Beaumont Bay in Winnipeg's Maybank neighbourhood presents a compelling case for buyers seeking space and value in a mature setting. Its primary appeal lies in the generous 6,149 sqft lot, which ranks within the top 10% on its street and top 24% in the wider area, offering significant outdoor potential. The 1,032 sqft living area is notably above average for the immediate street. Built in 1954, it is one of the older homes on Beaumont Bay, which may appeal to those who appreciate established character and mature landscaping.
The data suggests a property of contrasts: it holds a strong position within its own micro-market on Beaumont Bay for living space, lot size, and assessed value, but appears more modestly assessed when compared to the broader city. This profile would suit a practical buyer—perhaps a first-time homeowner, downsizer, or value-oriented investor—who prioritizes a larger yard over a recently built home. It’s for someone who sees the underlying asset (the land) and solid neighbourhood ranking as the foundation, with the understanding that a home of this age may require updates.
Frequently Asked Questions
1. How does the assessed value compare to likely market value?
The current assessed value is $240k. It's important to note that assessed value is for municipal tax purposes and often differs from market value. The last known sale was between $200k-$250k in 2020.
2. What does the "Top %" ranking actually mean for a buyer?
These rankings show how this property compares to similar homes in three circles: its immediate street, the Maybank area, and citywide. For example, ranking in the "Top 7%" for living area on its street means it's larger than 93% of comparable homes right around it, which is a strong local advantage.
3. The home is older (1954). What should I consider?
While the home is well-established, its age places it in the top 4% oldest on its street. Prospective buyers should budget for potential updates to major systems like plumbing, electrical, or the roof, and consider an inspection to understand the home's condition fully.
4. The lot is large, but what are the implications?
A lot size of over 6,000 sqft is a significant asset, offering privacy, space for gardens, additions, or recreation. However, it also means higher municipal frontage taxes and more yard maintenance compared to properties with standard-sized lots.
5. How can I find out the exact historical sale prices?
The provider states that exact sold prices are verified manually from their data sources. You can submit your email via the "Get exact sold price history" button on the listing page to receive that precise information directly.