Property Summary: 735 Beverley Street, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home in Winnipeg's Daniel McIntyre neighbourhood, built in 1907. Its key characteristic is its significant contrast between a modest living space and a generous lot. The house itself is 684 sq ft, which is notably smaller than most area homes, and features an unrenovated basement. However, it sits on a 3,033 sq ft lot that is larger than many on its street. The property’s assessed value is very low, reflecting its basic condition and size.
The appeal lies in its potential and positioning as a true entry-point into homeownership. It suits a specific buyer: a hands-on first-time buyer, an investor looking for a land-value play, or a builder seeking a infill opportunity. Its low tax burden and the possibility of adding square footage (given the lot size) are its strongest assets. A less obvious perspective is that a home of this age and simplicity, while needing updates, may have fewer complex modern systems to fail, offering a straightforward, if dated, living space. It’s not for those seeking move-in readiness or spacious interiors, but rather for those who see the underlying land and location as the primary value.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the last sale price?
The 2016 sale price of $100k reflects the market value at that time. The current assessed value ($13.2k) is for municipal tax purposes and is typically not an indicator of current market value, but rather a formula based on property characteristics. Such a large gap often signals that the property is considered very basic in its current state.
2. What does "Top 97%" for Living Area mean?
This statistic means the home's living area is smaller than approximately 97% of comparable homes city-wide. It clearly indicates this is a notably compact property, not a standard-sized house.
3. Is the large lot a redeeming feature?
Potentially, yes. The lot is above average for the immediate street. This could provide valuable outdoor space, room for additions, or future redevelopment potential, which is a key factor to weigh against the small house size.
4. What should I expect from an "unrenovated basement"?
This typically means the basement is in original or utilitarian condition, likely with low ceilings, concrete floors, and basic finishes. It may be suitable only for storage or mechanical systems without significant investment.
5. How does the age of the home (1907) factor in?
While the home is historic, its age is around average for the Daniel McIntyre neighbourhood. Buyers should budget for maintenance consistent with a 119-year-old structure and consider a thorough inspection for foundational integrity, wiring, and plumbing.