Property Overview: 611 Beverley Street, Winnipeg
Key Characteristics & Appeal
This is a classic, early-1900s one-storey home in the Daniel McIntyre neighbourhood, built in 1905. With 1,012 sqft of living space, it sits around the average size for the local area. One of its standout features is its 3,033 sqft lot, which is notably larger than many others on Beverley Street, offering valuable outdoor space and potential in a mature community.
The home’s appeal lies in its grounded, no-frills practicality. It features a detached garage and a basement (noted as unrenovated), presenting a straightforward canvas. The historically low assessed value signals a property that may be well-suited for buyers looking for an entry point into homeownership, or for investors seeking a rental property with a manageable tax burden. It’s important to note the home last sold in 2016, so any updates in the intervening years would be a key focus.
This property would suit a pragmatic first-time buyer comfortable with a home that likely requires personalization, or an investor attracted by the combination of a larger lot and a neighbourhood with established rental demand. Its charm is not in luxury finishes, but in its honest footprint and the opportunity it represents in a central Winnipeg locale.
Frequently Asked Questions
1. What does the assessed value tell me about the property?
The assessed value is significantly lower than the citywide average and the home's last sale price in 2016. This typically indicates a lower municipal property tax bill, but it does not reflect current market value. It often suggests the home is assessed based on its original state, so any modernizing renovations could trigger a future assessment increase.
2. How does the lot size compare, and why does it matter?
At over 3,000 sqft, the lot is larger than most on the street. This is a valuable asset, providing more private outdoor space than neighbours and greater flexibility for future projects like gardening, adding a deck, or even an extension, subject to zoning.
3. The home was built in 1905. What should I be mindful of?
While full of character, a home of this age requires a diligent inspection. Key considerations include the condition of the foundation, plumbing and electrical systems (which may have been updated over time), insulation, and the overall structure. The unrenovated basement warrants particular attention for moisture control and functionality.
4. Is the living space sufficient for a family?
At just over 1,000 sqft in a one-storey layout, the living area is compact. It would comfortably suit a small family, a couple, or an individual. The larger lot can effectively extend the living space outdoors during warmer months.
5. How does this property fit within the Daniel McIntyre neighbourhood?
The metrics show this home is very typical for Daniel McIntyre in terms of size, age, and assessed value. It’s a quintessential example of the neighbourhood's housing stock: historic, modestly sized, and centrally located. Buying here means investing in the community's convenience and character rather than a standout luxury feature.