Property Overview: 1011 Beach Avenue, East Elmwood

Key Characteristics & Appeal

This one-storey home on Beach Avenue is a classic East Elmwood property built in 1955. Its primary appeal lies in its generous, above-average lot size of over 5,150 square feet, offering significant outdoor space that is a rarity compared to many homes in the immediate area and neighborhood. The house itself, at 1,000 sqft with an unrenovated basement and a detached garage, presents a straightforward layout typical of its era.

The property’s metrics suggest it is a very typical home for its specific street and East Elmwood, sitting around the average for living space, assessed value, and age when compared to its direct peers. This grounded profile makes it a practical entry point into the neighborhood. It would suit a first-time buyer, an investor, or a hands-on owner looking for a home with a solid foundation and a large yard, who sees potential in the existing structure and values space over immediate modern finishes. The appeal is less about luxury and more about the tangible asset of the land and the opportunity to customize over time.

Frequently Asked Questions

1. How does the assessed value relate to the likely market price?
The assessed value is for municipal tax purposes. While it can be a general indicator, market price is determined by current buyer demand, condition, and recent sales of comparable homes. The last recorded sale was in April 2021.

2. What does "basement, not renovated" typically imply?
It indicates the lower level is functional but retains its original or older finishes, systems, and layout. Buyers should budget for potential updates to flooring, lighting, or mechanical systems and consider it a space with functional utility rather than a finished living area.

3. The lot size is noted as "above average" for the area. What are the advantages?
A larger lot provides more privacy, space for gardening, play areas, or future additions like a shed or deck. It also often means greater distance from neighboring houses, which can be a significant long-term comfort and value driver.

4. Is a one-storey home with 1,000 sqft suitable for a family?
It depends on the family's needs and willingness to use the basement space. The main-floor living area is compact, so efficient use of space is key. The large yard can effectively extend the living area, especially in warmer months. The single-level layout is a major benefit for accessibility and aging in place.

5. How does this home compare to the Winnipeg average?
The data shows this property offers less living space than the citywide average home and has a lower assessed value. However, its lot size is very close to the city average. This highlights that its value proposition is specific to the East Elmwood community, where it is a standard offering, rather than competing with newer or larger suburban homes citywide.