Property Overview: 679 Beverley Street, Winnipeg
Key Characteristics & Appeal
This two-storey home in Daniel McIntyre is a classic Winnipeg character property built in 1913. With 1,158 sqft of living space and a renovated basement, it offers practical, move-in-ready space. Its standout feature is a larger-than-average 3,035 sqft lot for the immediate area, providing valuable outdoor space and potential in a mature neighbourhood.
The appeal lies in its balance of historic charm and functional updates, positioned in a community with established character. The assessed value is notably below both the neighbourhood and city averages, which may present an accessible entry point into the market or an opportunity for value-conscious buyers.
This home would suit first-time buyers looking for a character home without a premium price tag, or practical investors seeking a property with a strong land-to-building ratio in a central location. It’s less about modern luxury and more about solid fundamentals, space, and potential in a well-located neighbourhood.
Frequently Asked Questions
1. How does the assessed value compare to likely market value?
The assessed value is significantly below city and area averages. It’s essential to have a current market evaluation, as assessed value for taxes doesn't always equate to sale price, but it can indicate a potentially lower property tax burden.
2. What does the "renovated basement" entail?
The listing notes a renovated basement, but specifics on finish quality, ceiling height, permits, and moisture control should be verified. A professional inspection is recommended to understand the scope and condition of this update.
3. Is the large lot a benefit for future expansion?
The lot size is a definite asset. While it allows for more yard space, any future expansion like an addition or garage would require checking current zoning bylaws and setback requirements with the city.
4. What should I consider with a 110+ year-old home?
While the home has been maintained, its age means systems like plumbing, electrical, and the foundation may have been updated over time. An inspection is crucial to understand the condition of these older components and any ongoing maintenance needs.
5. How does this property rank for investment or resale?
Its below-average assessment and solid lot size are positive fundamentals. The neighbourhood of Daniel McIntyre offers consistent demand. Resale potential often hinges on the overall condition of the home and the quality of the basement renovation, as these are key value drivers for buyers in this market segment.