Property Overview & Key Characteristics
This one-storey home at 498 Beverley Street is a compact, character property built in 1906. With 792 square feet of living space, it is notably smaller than most homes in the Daniel McIntyre neighbourhood and across Winnipeg, positioning it as a more manageable footprint. Its appeal lies in its renovated basement, which adds functional space, and its lot size which is fairly typical for the immediate street. The assessed value is modest, especially compared to the city-wide average, suggesting a potentially lower entry point.
This home would suit first-time buyers or minimalist-minded individuals seeking an affordable foothold in a central neighbourhood without the upkeep of a larger property. It could also appeal to an investor looking for a straightforward rental property, given its efficient size and recent basement update. A less obvious perspective is its potential for someone interested in the history and gradual restoration of early 20th-century homes, as it represents a piece of the area's architectural fabric without the scale of a major project.
Frequently Asked Questions
1. Is the house significantly smaller than its neighbours?
Yes. At 792 sq ft, the living area is below average for Beverley Street, the Daniel McIntyre neighbourhood, and Winnipeg overall. This indicates a cozier, more efficient layout.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This would be a key detail to clarify with the seller or agent regarding its condition and permitted uses.
3. How does the assessed value relate to the likely sale price?
The home last sold for $18,200 in early 2024, and its current assessed value is $15,300. In Winnipeg, assessed value for tax purposes is not a direct indicator of market value, but the figures suggest a property in a lower price tier.
4. What are the implications of the home's age (1906)?
Built 120 years ago, the home is older than most in the city. This often means character but also necessitates a thorough inspection for foundational integrity, wiring, plumbing, and insulation to understand any needed updates.
5. Is the lot size a positive feature?
The 2,498 sq ft lot is around average for the street and neighbourhood. It provides standard outdoor space for the area but is below the much larger average lot size city-wide, which often includes newer suburbs.