3559 Beiko Avenue

Property Overview: 3559 Beiko Avenue

Section 1: Key Characteristics & Appeal

This well-maintained 1985 bungalow in Elmhurst presents a solid, move-in-ready family home on a generous 6,345 sqft lot. Its key appeal lies in its balance of space, established location, and recent market validation. The 1,524 sqft of living space includes a finished basement, providing flexible room for a growing family, hobbies, or guests. The attached garage and large lot are practical assets for vehicles, storage, and outdoor activities.

The home’s standout feature is its strong positional value. It ranks in the top tiers for assessed value and recent sale price compared to most of Winnipeg, indicating a property that has held and grown its worth effectively. It suits buyers looking for a dependable, single-story home in a mature neighbourhood without the premium of a brand-new build. It’s particularly fitting for first-time buyers seeking a sound long-term investment, or downsizers who want main-floor living but still appreciate ample indoor and outdoor space. A thoughtful perspective is that while the home is 41 years old, its rankings show it is newer and more valuable than many of its local and city-wide peers, suggesting it has been a well-kept asset in a desirable pocket of Elmhurst.

Section 2: Frequently Asked Questions

1. What does the "ranking" data actually mean?
The rankings show how this property compares to others in its immediate street, broader community, and all of Winnipeg for metrics like size, age, and value. For example, being newer than 75% of homes in Elmhurst and more valuable than 86% of homes city-wide signals a well-positioned property above the median.

2. Is the finished basement included in the 1,524 sqft living area?
Typically, the main living area (1,524 sqft) and the finished basement are listed separately. The 1,524 sqft refers to the above-grade footprint of the bungalow. The finished basement adds additional, flexible space to the total usable area of the home.

3. The home sold for $550,000 in 2021 but is now assessed at $524,000. Why?
Municipal property assessments for tax purposes often lag behind current market values and are based on mass appraisal methods. The 2021 sale price is a strong indicator of its recent market value, while the assessment is an administrative valuation for tax calculation.

4. What are the potential benefits of a 1985-built home?
Homes from this era often benefit from modernized wiring and standards compared to much older stock, while typically being situated on larger lots than many newer subdivisions. They offer a balance between established neighbourhood character and relatively contemporary construction.

5. The lot is large, but what is the condition and layout?
With over 6,300 sqft, the lot offers significant potential. A viewing or street-level inspection is recommended to understand the yard's layout, sun exposure, landscaping, and how it complements the home's single-story design for outdoor living and privacy.