Property Overview & Key Characteristics
This one-storey home at 566 Beverley Street is a classic, compact property in Winnipeg's Daniel McIntyre neighbourhood. Built in 1905, its 936 sqft living area is modest and below the citywide average, positioning it as an efficient, low-maintenance footprint. The lot is a manageable 2,496 sqft with a detached garage. Its appeal lies in its simplicity and location within an established, central community. The assessed value is notably low compared to the city, which often indicates a very affordable tax burden, but can also suggest the home is in need of modernization or is being assessed for a use other than as a single-family dwelling (e.g., a rental property). This isn't a move-in-ready showcase home; its value is in the land, location, and potential.
It would best suit a pragmatic buyer: an investor looking for a central rental property, a hands-on owner prepared for renovations, or someone seeking the absolute lowest possible property tax base for a Winnipeg address. Its size and vintage make it less suited for those needing ample space or modern, turn-key finishes.
Frequently Asked Questions
1. Why is the assessed value so much lower than the last sale price?
A significantly low assessment compared to recent sale prices can occur for several reasons, including a major change in the property's condition or use, or it may reflect a provincial tax assessment that hasn't caught up to market values. It's crucial to verify the current property classification and condition.
2. What does the "below average" ranking for size and year built mean for me?
It confirms this is a smaller, older character home. This typically translates to lower utility costs and less space to maintain, but also means layouts may be compartmentalized and systems (like wiring or plumbing) likely require updating to modern standards.
3. Is the detached garage a major benefit?
In a central neighbourhood, a detached garage is a valuable asset for secure storage or as a workshop. However, for a home of this size and era, the garage may be older and require attention, so its condition should be verified.
4. Who might the "similar assessed value" properties be, and why are they different?
The listed similar-value properties are primarily condo units in different neighbourhoods. This highlights that 566 Beverley Street's tax burden is comparable to that of an apartment, which is a unique advantage for a detached house, but it also underscores its atypical valuation profile.
5. What should I focus on when viewing this property?
Look beyond the surface. Prioritize an inspection of the foundation, roof, and major mechanical systems due to the home's age. Also, consider the cost and feasibility of any desired updates against the savings from the low property taxes. Understand the zoning and any rental history or regulations if considering it as an investment.