Property Overview: 562 Beaverbrook Street
Key Characteristics & Appeal
This is a compact, one-storey home built in 1923, offering 830 square feet of living space on a 4,079 sqft lot in Winnipeg's J.B. Mitchell neighbourhood. Its key characteristics are defined by its modest scale and value position. The home has a basement, but it is not renovated, and there is no garage or pool.
The primary appeal lies in its affordability and potential as a straightforward entry point into the housing market. With a notably low assessed value and a history of sold prices in a very accessible range, it represents one of the most budget-conscious options in the city. This isn't a move-in-ready showcase; its appeal is for a buyer who sees value in the fundamentals—a solid lot, a basic structure, and a price that allows room for gradual improvement or simply low ongoing costs.
It would best suit first-time buyers, investors looking for a rental property with a low entry cost, or downsizers seeking minimal maintenance and property taxes. A thoughtful perspective is that its older age and smaller size, while less modern, can translate to simpler systems and lower utility expenses compared to larger, newer homes. Its below-average rankings in size and value across the street, area, and city aren't drawbacks for the right buyer—they are the defining features that make ownership achievable.
Frequently Asked Questions
1. Why is the assessed value so much lower than the citywide average?
The assessed value reflects the home's smaller size, older age, and lack of renovations compared to the broader Winnipeg market. It is characteristic of the most affordable tier of housing stock in the city.
2. What does "below average — Top 91%" for Living Area mean?
This means the home's square footage is in the bottom 9% for its immediate area (rank 321 out of 352 comparable homes). It's a concise way of stating that this is a notably smaller-than-average home for J.B. Mitchell.
3. Is the basement finished or usable for living space?
No. The listing specifies the basement exists but is "not renovated." It should be considered unfinished utility space.
4. How recent is the sold price history shown?
The last recorded sale was in March 2017. For the exact sale price, you must request it via the provided email service, as the public data shows a range.
5. What are the realistic expectations for a home like this?
Buyers should anticipate a property that fulfills basic shelter needs affordably. It is likely a candidate for updates over time. The trade-off for the low cost is less modern convenience and space, positioning it as a practical financial decision rather than a lifestyle purchase.