Property Overview: 827 Beach Avenue, East Elmwood, Winnipeg

Section 1: Key Characteristics & Appeal

This one-storey home at 827 Beach Avenue is a compact, efficiently designed property built in 1956. With 894 sqft of living space and a renovated basement, it offers a practical layout for everyday living. The home sits on a 3,305 sqft lot, which is smaller than many in the immediate area but provides manageable outdoor space. A detached garage adds functional storage or parking.

The primary appeal lies in its strong value proposition within its neighbourhood context. The home's assessed value ranks notably above average for both Beach Avenue and the wider East Elmwood area, suggesting it is a well-regarded property relative to its local peers. This indicates a solid investment within a community setting. While its size is modest citywide, it represents a classic, lower-maintenance housing form that is increasingly sought after.

This property would ideally suit first-time homebuyers, downsizers, or pragmatic investors looking for an entry into the Winnipeg market without overextending. It’s for someone who values a renovated, move-in-ready basement space and prefers the simplicity of a single-level layout over sheer square footage. The smaller lot will appeal to those wanting less yard work, while the above-average assessment for the area offers a sense of security for future resale value.

Section 2: Frequently Asked Questions

1. How does the home’s size compare to others nearby?
At 894 sqft, the living area is slightly below the average for both Beach Avenue and East Elmwood, but not significantly. It represents a comfortable, efficient size for a smaller household or those seeking a cozy, manageable home.

2. The lot seems smaller than others on the street. Is that a concern?
The lot is indeed smaller than many neighbouring properties. This translates to less exterior maintenance, which can be a benefit for many buyers. It’s a trade-off that helps keep the property manageable and likely contributed to its efficient and popular design for its era.

3. What does the "above average" assessed value ranking mean for me?
The home ranks in the top 24% on its street and top 20% in East Elmwood for assessed value. This generally indicates that municipal assessment views the property favorably compared to direct neighbours, often reflecting updates (like the renovated basement), condition, or desirable traits that support its value.

4. Is a home from 1956 going to need major updates?
While the core structure is from 1956, the presence of a renovated basement is a positive sign of updates. As with any older home, a thorough inspection is essential to understand the condition of major systems like roofing, plumbing, and wiring. Its age is typical for the mature East Elmwood neighbourhood.

5. Who would this property NOT be suited for?
This home would likely not suit a growing family needing multiple bedrooms or extensive living space, or a buyer whose priority is a large private yard for gardening or recreation. It’s best for those whose needs align with its efficient, compact footprint.