Property Summary: 999 Beach Avenue, East Elmwood, Winnipeg

Key Characteristics & Appeal

This one-storey home on a large, 5,155 sqft lot presents a solid opportunity in Winnipeg's East Elmwood neighborhood. Built in 1953, its key appeal lies in its above-average space and land size for the immediate area. With 1,120 sqft of living space, it ranks in the top 25% of homes on Beach Avenue for size. The property's most standout feature is its lot, which is in the top 12% locally, offering significant outdoor space and potential relative to nearby homes. It includes a detached garage and an unrenovated basement, presenting a classic "blank canvas" scenario.

The home suits practical buyers looking for value in established neighborhoods, particularly first-time homeowners or downsizers who prioritize indoor and outdoor space over a modern, turn-key finish. Its assessed value is above average for the street and area, suggesting a well-regarded foundation. The appeal here is grounded in its generous proportions and the long-term potential they offer, rather than immediate luxury. It’s a property for someone who sees value in a larger lot for gardening, recreation, or future expansion, and is prepared to tailor the interior to their own tastes over time.

Frequently Asked Questions

1. What is the significance of the property's rankings?
The rankings show how this home compares to others on the same street, in East Elmwood, and citywide. For example, its living area and lot size are well above average for the immediate area, indicating you get more space here than in most comparable local properties.

2. The basement is noted as "not renovated." What should I expect?
This typically means the basement is in original or functional condition, but not updated with modern finishes. It likely offers ample storage and utility space, but any finished living area would require investment. View it as usable space with potential, rather than a modern rec room.

3. How does the recent sale price relate to the assessed value?
The home sold for $240,000 in October 2022, while its assessed value for taxation is $31,300. The assessed value is not a market valuation; it's a figure used by the city to calculate property taxes. The sale price is the true indicator of its recent market value.

4. Who would this property be a good fit for?
It's an excellent fit for a buyer who values a larger lot and more interior space than is typical for the area, and who is comfortable with a home that may require personalization or updates. It could appeal to a handy buyer, a family seeking room to grow outdoors, or someone looking for a solid foundation in a mature neighborhood.

5. What are the less obvious considerations with a home of this era?
A 1953-built home will have an older building envelope and mechanical systems (like plumbing and electrical). While this is common, it warrants a thorough inspection. The generous lot size is a major asset, but also consider the maintenance required for a property of this scale. The "above average" rankings for the area suggest a good foundation, but they also mean your property taxes will likely be higher than on a smaller, lower-assessed home on the same street.