Property Overview: 551 Beaverbrook Street, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home, built in 1949, presents a practical and updated living space in Winnipeg's J.B. Mitchell neighbourhood. Its key features include a renovated basement and a detached garage. With 1,270 square feet of living area, the home offers above-average space for both its immediate street and local area, providing more room than many comparable properties nearby.
The appeal lies in its balance of established character and modern updates, primarily in the finished basement, which adds valuable functional space. The property sits on a 4,081 sqft lot, which is a manageable size for maintenance while still offering outdoor space. From an investment perspective, its assessed value consistently ranks above or around average for the local area, suggesting it is positioned well within its market context.
This home would suit a first-time buyer or a downsizer looking for a move-in-ready property without the premium of a brand-new build. It’s also a sensible fit for someone who values a renovated basement for a family room, home office, or rental potential, and who prefers the flexibility of a detached garage. A less obvious point is that, while the home is older than many in the city, its above-average living area for the neighbourhood means you get more interior space than you might typically find in this price bracket, offsetting the older build date.
Frequently Asked Questions
1. How does this home compare in size to others nearby?
At 1,270 sqft, the living area is larger than the average for both Beaverbrook Street and the J.B. Mitchell area, placing it in the top 19% locally for space.
2. What is the significance of the assessed value?
The assessed value of $41,800 is above average for the street and around average for the wider area and city. This indicates the property is viewed as a solid, mid-range value by municipal assessors, not an outlier.
3. Is the lot size typical?
The 4,081 sqft lot is around average for Beaverbrook Street but below average for both the J.B. Mitchell area and Winnipeg citywide. This means outdoor space is adequate but not expansive, which can mean less upkeep.
4. The home was built in 1949. What should I consider?
While the home is older than most in the city, it shares a similar vintage with many on its street. The renovated basement is a significant update. Prospective buyers should ensure a thorough inspection of original components like the roof, wiring, and plumbing.
5. Can I find out the exact historical sale prices?
Exact sold prices are not publicly listed in the detail provided. The listing service offers to provide this precise history manually via email upon request, with the data sourced from public records.