Property Overview: 618 Beaverbrook Street, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1950, offering 861 square feet of living space on a standard 4,385 sqft lot in the J.B. Mitchell neighbourhood. Its key updated feature is a renovated basement, adding functional space, and it includes a detached garage. The home’s assessed value of $340k is around the city-wide average, but its living area is notably smaller than most comparable properties locally.
The primary appeal lies in its efficiency and manageability. It represents a more accessible entry point into the Winnipeg market, suited for buyers who prioritize a lower-maintenance footprint without sacrificing a full-sized lot and garage. It would particularly suit first-time buyers, downsizers looking to simplify, or pragmatic investors seeking a property with a renovated basement for potential rental income or extended family use. A thoughtful perspective is that its "below average" size against neighbourhood comparables isn't necessarily a drawback—it can mean lower utility costs and less upkeep, focusing investment on quality of space rather than quantity.
Frequently Asked Questions
1. How does the home's smaller living area impact its value?
While the living space is below the neighbourhood average, the assessed value is competitive. This suggests the renovated basement, lot size, and overall condition contribute significantly to its valuation, potentially offering value in usable space rather than raw square footage.
2. What does the sold price history from 2019 indicate?
The recorded sale in late 2019 was in the $26.5k-$29.5k range. This very low historical price is not reflective of current value but likely indicates a prior transaction type such as a title transfer between family members or a sale of only a partial property interest. The current $340k assessment is the relevant figure for today's market.
3. Is the detached garage a standard feature for the area?
Based on the data, having a detached garage is a positive asset. The lot size is slightly below the neighbourhood average, so the presence of a garage without sacrificing significant yard space is a practical benefit.
4. How does the year built affect the home?
Built in 1950, the home is older than many in the city but typical for its immediate street. Buyers should account for the potential maintenance needs of a 76-year-old structure, though a renovated basement is a positive sign of updates.
5. Where can I find the exact historical sold price?
The exact sold price is not publicly listed in the detail provided. The site offers to manually provide this precise data via email request, at no cost and without marketing spam, typically by the end of the same business day.