Property Overview: 490 Beverley Street, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, character home built in 1912, offering a practical entry point into Winnipeg’s Daniel McIntyre neighbourhood. Its primary appeal lies in its efficiency and renovated basement, presenting a low-maintenance living option. At 680 sqft, the living space is notably smaller than area averages, making it one of the more modestly sized homes on the street. This isn't a home for sprawling, but rather for streamlined living.
The property suits first-time buyers, downsizers, or investors seeking an affordable character property with a modernized lower level. Its assessed value is modest and in line with similar homes on Beverley Street, suggesting a relatively lower property tax burden. A thoughtful perspective for a buyer here is to see the smaller footprint not just as a limitation, but as a forced simplicity—lower utility costs, less to maintain, and a clear focus on location over square footage. The lot size is fairly typical for the area, offering adequate outdoor space without being overwhelming.
Section 2: Frequently Asked Questions
1. How does the small living area compare practically?
At 680 sqft, the main floor living space is significantly below the neighbourhood average. This indicates a efficient, likely open-concept main floor or a classic 1.5-storey layout with bedrooms upstairs. It requires thoughtful furniture choices and organization.
2. What does the "renovated basement" imply?
While specifics aren't listed, a renovated basement in a home of this era typically adds crucial functional space. It likely includes a living area, laundry, and possibly a bathroom, effectively doubling the usable square footage and adding modern amenities.
3. Is the low assessed value a concern?
Not necessarily. The assessed value ($16.20k) is for municipal tax purposes and is very low compared to market sale prices (it last sold for $160k in 2021). This often results in proportionally lower property taxes, which is a financial advantage for the owner.
4. What is the significance of the 1912 build date?
Being older than most on its street (top 17%), this home has enduring character but requires a buyer attentive to maintenance. It’s essential to have a thorough inspection to understand the condition of foundational elements like wiring, plumbing, and the roof, which may have been updated over time.
5. Who might this property not suit?
It is less suitable for families needing multiple bedrooms and dedicated spaces, or for those who prioritize ample indoor square footage. Buyers looking for a modern, turn-key home without any potential heritage-era upkeep should also consider their comfort level with a 114-year-old structure.