3579 Beiko Avenue

Property Overview: 3579 Beiko Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This well-established Elmhurst bungalow presents a practical and comfortable family home on a generous 6,102 sqft lot. Its key features include a fully finished basement, an attached garage, and a functional 1,321 sqft layout typical of its 1984 construction era. The appeal lies in its solid foundation within a mature neighbourhood, offering space and privacy. The property’s data shows strong relative value, ranking in the top 29% of Winnipeg for lot size and top 25% for assessed value, suggesting it is a competitively priced asset in its class.

It would suit buyers looking for a move-in ready home without the premium of a new build, such as growing families seeking indoor and outdoor space, or downsizers wanting single-level living with a finished basement for guests or hobbies. A thoughtful perspective is its "middle-of-the-pack" rankings within its immediate street and community for size and recent sale price; this isn't a standout trophy home, but a reliable and above-average performer in the broader market, which can mean less competition and more realistic negotiations.

Section 2: Frequently Asked Questions

1. How does the 2019 sale price compare to the current assessment?
The home sold for $411,000 in July 2019. The current assessed value is $455,000. This increase is in line with broader market trends over that period.

2. What does the ranking data actually mean?
The rankings compare this property to others on its street, in Elmhurst, and across all of Winnipeg. For example, ranking in the top 29% for lot size in Winnipeg means 71% of properties have a smaller lot. It’s a quick way to gauge how specific features stack up against the competition.

3. Is the basement a legal suite?
The listing states the basement is finished but does not specify it as a legal secondary suite. Buyers should verify its compliance with local regulations if considering rental income.

4. What are the implications of the home being 42 years old?
Built in 1984, major components like the roof, windows, and mechanical systems (furnace, water heater) may be at or beyond their typical lifespan. A thorough inspection is advised to budget for potential updates, though the home ranks newer than 66% of properties in Winnipeg.

5. The street rank for "Recent Sale Price" is 31 out of 31. Why is that?
This indicates that, among recorded sales on this street, the 2019 sale price of $411,000 was the lowest. This isn’t necessarily negative; it could reflect a well-priced purchase at the time, a different condition of the home then, or simply less market inflation on that specific street compared to others. Current assessment and value rankings are more relevant for today’s market.