555 Beverley Street

Property Summary: 555 Beverley Street, Winnipeg

Section 1: Key Characteristics & Appeal

This one-and-a-half storey home, built in 1910, offers a classic character footprint with 1,119 square feet of living space and a renovated basement. Its key appeal lies in its established Daniel McIntyre neighbourhood location and its relative value. The home's living area is typical for the street and area, while its assessed value is notably lower than the citywide average, potentially indicating a more accessible entry point into the market.

The property suits first-time buyers or practical investors seeking a character home without a premium price tag. Its smaller, manageable lot (2,304 sq ft) means less maintenance, which could be a plus for those wanting a downtown-adjacent location without extensive yard work. A thoughtful perspective is that its older vintage (ranking above average for age on its street) suggests a well-built home that has stood the test of time, but it also implies that updates and systems maintenance should be a key part of the evaluation. The renovated basement adds functional living space, a significant asset in a home of this size.

Section 2: Frequently Asked Questions

1. Is the assessed value a reliable indicator of the likely sale price?
Not directly. The assessed value for this property is significantly below the citywide average, but it last sold in 2022 for $160,000. Market conditions, the home's condition, and specific renovations will determine the sale price, not the municipal assessment for tax purposes.

2. What does the "below average" land area ranking mean for me?
The lot is smaller than most in the city and even in the local area. This typically translates to less outdoor maintenance and a smaller yard. For some, this is a desirable low-maintenance feature. For others seeking ample private outdoor space, it may be a limitation.

3. The home is older than many in the city. What should I consider?
A 1910 home has character and durable construction, but it's essential to investigate the condition of major systems (roof, wiring, plumbing, foundation) and insulation. The renovated basement is a plus, but ensure renovations were permitted and completed to code.

4. How does this home compare to others on Beverley Street?
The data shows it is quite typical for its street in terms of living space and assessed value. Its lot is on the smaller side for Beverley, and the house itself is actually older than many of its immediate neighbours, which can be a mark of character or a factor for upkeep.

5. Who would this property not suit?
It may not suit buyers looking for a large yard, extensive square footage, or a modern, turn-key home without any project elements. Given its age and average-sized living area, growing families needing ample bedroom space or those wanting a move-in-ready newer build might want to consider other options.