Property Overview: 695 Beaverbrook Street, Winnipeg
Key Characteristics & Appeal
This well-situated one-storey home in the J.B. Mitchell neighbourhood presents a compelling blend of space, value, and location. Its key characteristic is a notably high assessed value relative to its immediate area, ranking in the top 5-7% of comparable homes locally, which suggests it is viewed as a premium property on its street. The living area of 1,087 sqft is average for the area, but it is complemented by an above-average land area of 5,100 sqft, offering good outdoor space. The home, built in 1956, is newer than many in the vicinity and features a renovated basement and a detached garage.
The appeal lies in this strong value positioning within a stable, established community. It’s a property that stands out on its street for its official valuation, potentially indicating desirable updates, lot advantages, or overall condition not fully captured in the basic metrics. It would suit practical buyers looking for a move-in-ready home with a renovated basement, those who value a larger lot in a mature neighbourhood, and investors or homeowners attentive to strong assessed value as a marker of long-term equity and municipal tax assessment.
A less obvious perspective is that its "above-average" valuation amidst average-sized homes could mean lower relative property taxes compared to if it were in a higher-valued district city-wide, offering a balance of prestige on the block without the peak city tax burden. The detached garage also adds flexibility for storage, a workshop, or potential future conversion.
Frequently Asked Questions
1. What does a high assessed value relative to the street actually mean?
It indicates that, for property tax purposes, the municipality has valued this home significantly higher than most of its immediate neighbours. This often reflects factors like renovations (like the basement), superior condition, or lot desirability, but it also means property taxes will likely be higher than on neighbouring, lower-assessed homes.
2. Is the living space sufficient for a family?
At 1,087 sqft, the main floor living area is typical for the area. The renovated basement provides additional flexible space, which can effectively increase the usable square footage for a family, making it a practical option.
3. What are the implications of the home being built in 1956?
While newer than many homes on the street (average year built is 1949), a 70-year-old home will still likely have aging components. Prospective buyers should prioritize inspections for the roof, foundation, plumbing, and electrical systems, even with a renovated basement.
4. How does the detached garage affect the property?
A detached garage offers versatility and can be a plus for those wanting separation from house noise or fumes. However, it may be less convenient during Winnipeg winters compared to an attached garage. Its condition and potential for alternative uses (studio, workshop) add value.
5. Where can I find the exact historical sale price?
The listed sale price from 2017 is an estimated range. The exact sale price is not publicly displayed online due to data privacy practices. You can request it directly via the "Get exact sold price history" feature on the listing page, and the service provider will email it to you.