Property Overview: 604 Beverley Street, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey character home built in 1908, situated in Winnipeg's Daniel McIntyre neighbourhood. Its primary appeal lies in being an accessible entry point into the housing market. With 680 sqft of living space and a renovated basement, it offers a practical, low-maintenance footprint. The detached garage and a standard city lot of nearly 2,500 sqft provide valuable outdoor and storage space uncommon for homes of this size.
The home’s standout feature is its financial positioning. Its recent sale price and assessed value are significantly below the city-wide average, making it one of the most affordable single-family home options available. While its living area is notably smaller than most comparable properties, this translates to a uniquely low property tax burden—a considerable long-term advantage.
This property would suit first-time buyers or minimalist investors seeking a straightforward, character-home foundation. It’s for someone who values location and land ownership over interior square footage, and who sees potential in the renovated basement as flexible space. It’s a pragmatic choice for building equity without a hefty mortgage or tax bill.
Frequently Asked Questions
Q: The house seems quite small. Is it livable for more than one person?
A: At 680 sqft, the main floor living area is compact. Its viability depends on lifestyle. The renovated basement effectively doubles the usable space, making it more functional for a couple, a single occupant, or as a rental investment.
Q: Why is the assessed value so much lower than the city average?
A: Municipal assessment is heavily influenced by living area, among other factors. Because this home's square footage is in the bottom 3% city-wide, its assessed value—and consequently, your annual property taxes—remains very low compared to the typical Winnipeg home.
Q: What should I know about a house built in 1908?
A: While it offers classic character, a pre-1910 home requires diligent attention to foundational integrity, wiring, and plumbing. A thorough inspection is essential to understand any needed updates, though the renovated basement suggests some modernization has begun.
Q: How does the recent sale price compare to the area?
A: The sale price sits around the median for Beverley Street and is competitive for the Daniel McIntyre area. It indicates you are paying primarily for the land and location, with the structure itself valued modestly.
Q: Is the lot size a pro or a con?
A: It's a relative strength. While below the sprawling city average, the lot is standard for its mature neighbourhood. It provides a decent yard and space for the detached garage, which is a valuable asset not always found with smaller, affordable homes.