Property Overview: 40 Beeston Drive, Winnipeg

Key Characteristics & Appeal

This 1,064 sqft bungalow in Margaret Park, built in 1971, presents a distinct value-oriented profile. Its primary appeal lies in its efficient use of space; the living area ranks in the top 2% for its immediate street, making it notably larger than most direct neighbors. This suggests a well-utilized floor plan that maximizes the home's footprint. The property’s assessed value is consistently below average across the street, neighborhood, and city, indicating a potentially lower property tax burden and an accessible entry point into the market.

The home would suit practical, first-time buyers or downsizers seeking a manageable layout without a premium price tag. Its appeal is for those who prioritize interior space over a large yard, as the lot size is compact. A thoughtful perspective is that this property represents a "value play" within its own micro-area—offering more house for the money on Beeston Drive itself, while trading off on land size. It’s a home for living in, rather than a land investment.

Frequently Asked Questions

1. Why is the assessed value so much lower than the city-wide average?
Assessed value is for municipal tax purposes and is influenced by many factors, including home size, age, and specific location. This home’s value is calibrated against similar properties in its immediate area, which generally have lower values than the Winnipeg average.

2. What does the "Elite" ranking for Year Built mean?
On Beeston Drive, this home is among the newest, built in 1971. This "Elite" ranking is relative only to its direct street neighbors, which include many older homes, and suggests it may have newer systems or require less immediate updating than others on the block.

3. How can the living area be in the "Top 2%" while the lot is in the "Bottom 10%" on the same street?
This highlights the property's configuration: the house occupies a larger portion of its lot compared to neighbors. This results in more interior space but less outdoor yard area, which is a key trade-off to consider.

4. The sold price history shows a range from 2020. How can I find the exact price?
Exact sale prices are not publicly available in Manitoba. The range provided is an estimate based on public data. You can request the accurate sold price by emailing the site via the button provided; they provide this as a manual service.

5. What are the main trade-offs of a property with this profile?
You are gaining a relatively spacious interior for the area and a lower tax assessment, which are significant financial benefits. The trade-offs are a smaller yard and the fact that the property’s value metrics sit below broader neighborhood and city averages, which could influence long-term equity growth relative to other areas.