859 Beach Avenue

Property Overview & Key Characteristics

This 1945 two-storey home on Beach Avenue in East Elmwood presents a solid, no-frills opportunity. Its primary appeal lies in its generous 3,304 sqft lot, which ranks in the top 10% for size on the street, offering ample outdoor space in a mature neighbourhood. The 1,236 sqft living area is notably spacious compared to many nearby homes. It features a detached garage and a basement, though the basement is noted as not being renovated.

The property suits practical buyers looking for a land-strong proposition in a well-established area. It’s ideal for someone comfortable with a home of this era, who sees potential in the large yard and is prepared for updates over time. The assessed value is modest relative to the lot size, suggesting it may attract value-conscious purchasers, from young families seeking room to grow to investors considering long-term neighbourhood stability. Its ranking as newer and larger than most on its street adds a less obvious layer of desirability, positioning it as a relatively premium offering within its immediate block.

Frequently Asked Questions

1. What is the condition of the home?
The listing explicitly notes the basement is "not renovated." As a home built in 1945, prospective buyers should budget for updates and a thorough inspection to understand the condition of major systems like plumbing, electrical, and the roof.

2. How does this property compare to others in the area?
It stands out for its lot size, which is larger than 90% of properties on Beach Avenue. The living space is also above average for the street and neighbourhood. Its assessed value is typical for the area, but you are getting more land for that value compared to many listings.

3. Is the neighbourhood desirable?
East Elmwood is a mature, established neighbourhood. The rankings show this property sits in the top 22% for lot size within the broader neighbourhood, indicating it's on the higher end for space there. It offers a classic Winnipeg community feel.

4. Why is the assessed value relatively low?
The assessed value of $33,100 is for municipal tax purposes and is not a market price. It reflects a historical valuation formula. The market price will be determined by current buyer demand, the home's condition, and its notable features like the large lot.

5. What are the immediate next steps if interested?
Given the age of the home and the note on the basement, the essential next steps are to view the property in person to assess its state and then consult with a qualified home inspector. You should also review the property's full listing history and discuss current market values with your real estate agent.