1048 Edderton Avenue

Property Overview: 1048 Edderton Avenue, Winnipeg

Key Characteristics & Appeal

This well-established two-storey home in Beaumont sits on a generous 5,024 sqft lot, offering more outdoor space than over half the properties on its street. Built in 1946, the 1,152 sqft home features a renovated basement and a detached garage. Its core appeal lies in its established neighbourhood setting, with a solid and recently updated foundation as evidenced by a steady increase in assessed value over recent years. The property represents a practical entry into homeownership in a mature area, particularly suited for first-time buyers, small families, or investors seeking a character home with a large lot. It’s a straightforward property that prioritizes function and lot size over modern luxury, offering room to grow or customize over time. A thoughtful perspective is that while the home itself is of average size for the area, its above-average lot size provides valuable flexibility—whether for gardening, expansion, or simply more private outdoor space—which is a less replaceable asset than the house itself.

Frequently Asked Questions

1. What is the significance of the "rank" statistics provided?
These rankings compare this specific property against others on its street, in the Beaumont neighbourhood, and across all of Winnipeg for metrics like lot size, year built, and assessed value. They are useful for understanding how this home stacks up in context, showing it has a larger-than-average lot but is an older-than-average build in its immediate area.

2. How recent was the basement renovation?
The listing confirms the basement has been renovated, but the specific date or scope of the renovation is not detailed in the provided information. This would be a key point to clarify with the seller or listing agent.

3. Has the property value been stable?
The sales history shows a consistent upward trend in sale price over the last three transactions (2018, 2022, 2023), with the assessed value closely aligning with the most recent sale. This suggests stable, incremental growth in value for the property.

4. What are the typical property taxes for this home?
Property taxes are not listed directly. They would be calculated based on the current assessed value of $38,600 and the City of Winnipeg's annual mill rate. An estimate can be obtained from the city's tax calculator or previous years' statements.

5. What is the neighbourhood like for day-to-day living?
While not described in detail here, the listing shows it is in the Beaumont area. Interested buyers should research local amenities, schools, and transit options. The list of "often also viewed" homes provides a useful snapshot of the mix of older character homes and new builds in the wider area, indicating a neighbourhood in transition.