Property Overview: 96 Beaumont Bay, Winnipeg
Key Characteristics & Buyer Profile
This home presents a distinct value proposition centered on its desirable location and lot. Built in 1954, it is one of the older homes on Beaumont Bay, which can imply a well-established, mature streetscape. The primary appeal lies in its combination of a very low municipal assessed value ($20,900) relative to the citywide average, and its recent sale price (2024) in the $300k-$350k range. This significant gap suggests strong market demand for the location that isn't reflected in the tax assessment, a point for buyers to investigate.
With 888 sqft of living space, the house itself is compact, ranking below average for size both in the neighbourhood and citywide. The lot, at 1,888 sqft, is also modest. This profile suits a specific buyer: someone prioritizing entry into a stable neighbourhood like Maybank, who is comfortable with a smaller footprint, and who may see potential in updating or expanding an older home. It’s a practical choice for a first-time buyer, an investor, or a downsizer seeking affordability in a prime area, with the understanding that the interior space will be cozy and may require modernization.
Frequently Asked Questions
1. Why is the assessed value so much lower than the recent sale price?
Municipal assessments for tax purposes are not direct market valuations and often lag behind current market conditions, especially in desirable areas. The sale price reflects what buyers are currently willing to pay for the location and property potential.
2. What does the older year built (1954) mean for me?
While it indicates character and an established street, it strongly suggests that critical systems like plumbing, electrical, and the roof may be at or beyond their typical lifespan. A thorough inspection is essential to budget for potential updates or repairs.
3. The living area is below average. Is the lot expandable?
At 1,888 sqft, the lot is modest. Any significant expansion of the footprint would require careful review of zoning bylaws and setback requirements. The potential may lie more in reconfiguring the existing interior space.
4. How does this home compare to others on the same street?
The data shows it has a smaller living area and a significantly lower assessed value than most direct neighbours on Beaumont Bay. This can mean a lower property tax burden but also highlights it as potentially the most affordable or dated property on the block.
5. You mention "exact sold price history" is available by email. Why isn't it public?
While sale price ranges are estimated from public data, the precise transaction figure is accessible through proprietary sources. The service offers to provide this verified data manually, ensuring accuracy for serious buyers without using contact details for spam.