Property Summary: 631 Beaverbrook Street
Key Characteristics & Appeal
This one-storey home in Winnipeg's J.B. Mitchell neighbourhood presents a practical opportunity. Its key appeal lies in the balance between a modest, renovated interior and a generous, above-average lot size for the immediate area. With 969 sqft of living space, the house itself is compact and efficient, suited for those looking to minimize upkeep. The renovated basement adds functional living space. A detached garage and a land area of over 5,000 sqft offer valuable outdoor potential and room for expansion or gardening, which is a notable advantage on this street.
The property’s assessed value is strong relative to its immediate peers, suggesting it is viewed favorably compared to nearby homes. Built in 1954, it is a typical post-war bungalow. This home would suit first-time buyers seeking an affordable entry into the market, downsizers looking for a manageable property with a good yard, or value-oriented investors attracted by the solid lot size and recent interior updates. Its appeal is grounded in utility and land value rather than grandeur.
Frequently Asked Questions
1. Is the house smaller than others in the area?
Yes. At 969 sqft, the living area is below the average for both Beaverbrook Street and the wider J.B. Mitchell area. This indicates a more compact, efficient floor plan.
2. What does the "above average" assessed value ranking mean for this street?
It means the municipal property assessment for this home is higher than most (top 24%) on Beaverbrook Street. This can reflect recent renovations, the larger lot, or overall condition compared to direct neighbours, but it's not a direct indicator of market selling price.
3. How does the lot size compare?
The 5,097 sqft lot is a standout feature, ranking in the top 22% on Beaverbrook Street. You are getting more land than is typical for this specific block, which is a key point of value.
4. What is the historical price trend?
Based on available data, the home sold in early 2016 for an estimated range of $30.5k to $33.5k. The current assessed value is $41.3k. For the exact historical sold price, you must request it directly from the listing service.
5. What are the obvious next steps for a potential buyer?
Given the age of the home, a thorough inspection of major systems (roof, foundation, plumbing, electrical) is essential. Furthermore, the significant difference between the home's below-average size and its above-average lot size invites due diligence on zoning bylaws to understand the full potential for future outdoor use or expansion.