Property Overview: 578 Beaverbrook Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home on a standard city lot presents a practical and affordable entry point into Winnipeg’s J.B. Mitchell neighbourhood. Its key characteristic is its modest, efficient scale, with a living area of 832 sq ft that is notably smaller than most comparable homes in the area. This is balanced by a recently renovated basement, adding functional space, and a detached garage.
The appeal lies in its value proposition and manageability. The home’s assessed value is around the average for its immediate street and city-wide, suggesting a fairly priced asset in a stable context. It suits first-time buyers seeking a lower-maintenance footprint without a major renovation project, or investors looking for a straightforward rental property. A thoughtful perspective is that a smaller, well-maintained home can offer lower utility costs and less upkeep, allowing owners to invest in personalized updates over time. Its average lot size for the street provides adequate outdoor space without being burdensome.
Section 2: Frequently Asked Questions
1. Is the house particularly small?
Yes. At 832 sq ft of living area, it is significantly smaller than the average home on Beaverbrook Street (approx. 1,140 sq ft) and in Winnipeg broadly. The renovated basement provides additional functional space.
2. What does the "around average" assessed value mean for the price?
The home’s assessed value of $37,400 is near the median for the immediate street and city-wide. This typically indicates the property is not unusually high or low-priced for its core attributes in the current market, providing a stable benchmark.
3. How does the lot size compare?
The 4,079 sq ft lot is below the average for both the J.B. Mitchell area and the city. However, it is closer to the average for Beaverbrook Street itself, meaning it is consistent with the established lot sizes on this specific block.
4. What can recent sale history tell me?
The home sold in April 2021 for between $36,500 and $39,500. This past sale price aligns closely with its current assessed value, showing price consistency over the last few years.
5. Who might this property not suit?
It may not suit buyers who need substantial above-ground living space or multiple large bedrooms, given its smaller main-floor footprint. Those seeking a large yard for extensive gardening or recreation might also find the lot size limiting compared to other areas.