Property Summary: 626 Beverley Street, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in Daniel McIntyre presents a practical opportunity in Winnipeg’s core. Built in 1913, its 1,100 sqft living area and nearly 3,000 sqft lot are squarely average for the immediate area, offering a manageable scale. A key characteristic is its detached garage, a valuable asset in this neighbourhood. The home’s appeal lies in its positioning as an affordable entry point; its assessed value is notably below averages for the street, neighbourhood, and city, suggesting potential value. The basement exists but is noted as not renovated, indicating a space for future customization.
This property would suit a hands-on buyer looking for a character home in an established inner-city neighbourhood. It’s a candidate for those comfortable with a project, whether immediate or over time, given the unrenovated basement and the age of the structure. It also appeals to buyers prioritizing lot size and a garage over modern finishes, and who are statistically getting more land and a slightly older home compared to the wider Winnipeg market.
Section 2: Frequently Asked Questions
1. What does the assessed value tell us about the property?
The assessed value is significantly below local and city averages. This typically indicates a lower property tax burden but can also reflect the home’s condition, age, or market factors. It’s a starting point for valuation, but the final sale price is determined by the current market.
2. Is the lot size a pro or con?
At just under 3,000 sqft, the lot is average for Daniel McIntyre but below the citywide average. This means smaller outdoor maintenance, which can be a plus, but less private space than newer suburban lots. For the neighbourhood, it’s a standard, usable size.
3. The home was built in 1913. What should I consider?
Homes of this era often feature solid construction and character but require diligent inspection for aging infrastructure like plumbing, electrical, and the foundation. Its age is actually above average for Beverley Street, meaning it’s among the older homes on the block, which can influence maintenance needs and renovation costs.
4. How does the living space compare?
At 1,100 sqft, the living area is slightly below the average for similar homes on Beverley Street (~1,178 sqft). This suggests efficient, compact living rather than spaciousness. It’s well-suited for a smaller household or those comfortable with cozier quarters.
5. What can we infer from the 2020 sale price?
The property sold for $12.50k in June 2020. This historical price is not a current market indicator but confirms the home’s long-standing position as a lower-value property in the area. It underscores the importance of a current market evaluation to understand its present worth.