Property Overview: 538 Beaverbrook Street
Key Characteristics & Appeal
This one-storey home in Winnipeg's J.B. Mitchell neighbourhood presents a practical and well-positioned offering. Its key appeal lies in a combination of solid value and a renovated basement, set on a standard city lot. With 1,114 sqft of living space, the home is of average size for the area, but its assessed value of $44,200 ranks notably above average for both the street and the neighbourhood. This suggests the property is viewed favorably by the assessor relative to its peers, potentially due to updates or condition. The detached garage adds practical storage or workshop space.
The home would suit first-time buyers or downsizers looking for a manageable, single-level layout in an established area. Its above-average assessment for the locale could appeal to value-conscious buyers who see potential in a property that already stands out in its immediate market. The renovated basement is a clear functional advantage, offering flexible space for a family room, home office, or additional storage.
Frequently Asked Questions
1. What does the "above average" assessed value actually mean?
It means the municipal property assessment for this home is higher than most comparable homes on its street and in the J.B. Mitchell area. This can indicate that the city views the property as having better features or condition than many of its neighbours, but it is not a direct market appraisal.
2. Is the basement renovation a legal suite?
The listing specifies a "renovated basement" but does not mention a separate entrance, kitchen, or legal suite status. Buyers should verify the permits and intended use of the renovation with the seller.
3. How does the lot size compare?
At 4,488 sqft, the lot is slightly below the average size for the J.B. Mitchell neighbourhood but is fairly standard for the immediate street. It provides typical backyard space for the area.
4. When was it last sold, and for how much?
Public data indicates a sale in May 2020 for an estimated range of $35,500 to $38,500. The exact sale price can be requested from the listing source.
5. What are the implications of the home's age?
Built in 1952, the home is older than many in the neighbourhood. While the basement has been renovated, buyers should be prepared for the maintenance and potential updates typical of a house from this era, such as older windows, plumbing, or electrical systems.