553 Beaverbrook Street

Property Overview: 553 Beaverbrook Street, Winnipeg

Key Characteristics & Appeal

This is a modest, one-storey home built in 1950, offering a practical and affordable entry point into Winnipeg’s J.B. Mitchell neighbourhood. With 982 sqft of living space and a renovated basement, it provides functional living areas on a standard 4,081 sqft lot. The home includes a detached garage.

Its primary appeal lies in its value proposition and stability. The assessed value is consistently around the average for the street, neighbourhood, and city, suggesting it’s priced in line with market norms without significant premium or discount. A key, less obvious perspective is that a home ranking "around average" across several metrics can represent a lower-risk purchase, insulated from the extremes of overvaluation or problematic undervaluation. The renovated basement adds modern utility to the classic post-war layout.

This property would best suit first-time buyers or practical downsizers seeking a straightforward, no-frills home in an established area. It’s for those who prioritize financial predictability and a manageable footprint over size or newness.

Frequently Asked Questions

1. Is this a small house?
Yes, at 982 sqft, the living area is below the average for similar homes on its street, in J.B. Mitchell, and across Winnipeg. It’s a compact, efficient layout.

2. What does the "around average" assessed value mean for me?
It indicates the city’s tax assessment is typical for comparable properties in the area. This can be a sign of market stability, but the final sale price is determined by the current market and condition.

3. The home was built in 1950. What should I consider?
While the basement has been renovated, a home of this age will likely have original or aging core components (like plumbing, electrical, windows, and the roof) that require inspection and may need updating or maintenance.

4. How does the lot size compare?
The land area is near the average for Beaverbrook Street but is below the average for both the wider J.B. Mitchell neighbourhood and the city. The yard space is standard for the immediate area but not expansive.

5. Can I find out the exact past sale price?
The listed sale range for July 2022 is $33.5k–$36.5k. The exact sale price is not publicly displayed, but the listing service offers to provide it via email upon request.