Property Overview: 734 Beaverbrook Street
Key Characteristics & Appeal
This is a modest, renovated one-storey home built in 1953, situated on a notably generous lot for its Winnipeg neighbourhood of J.B. Mitchell. With 938 square feet of living space, the house itself is compact and below the average size for the area, but it benefits from a renovated basement and a land area of over 5,000 square feet that ranks well above average for Beaverbrook Street. This creates a distinct dynamic: the home offers efficient, updated living space while presenting a valuable land asset.
Its primary appeal lies in this balance. It suits a first-time buyer or downsizer seeking a manageable, updated home without a large maintenance footprint, but who still values private outdoor space. The above-average lot size offers tangible future potential, whether for gardening, expansion, or simply as a long-term value holder in a mature community. It’s a practical choice for a budget-conscious buyer who understands that value can reside as much in the land as in the square footage of the house. The assessed value is consistently around the average for its immediate street and the city, suggesting a stable, non-speculative entry point into the market.
Frequently Asked Questions
1. Is the house too small for a small family?
While the living area is below neighbourhood averages, the renovated basement provides additional flexible space. For a young family or those comfortable with cozy living, the layout may be sufficient, especially when paired with the large yard for play and recreation.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope or finish. This is a key detail to clarify with the seller or agent, as it could range from basic moisture-proofing and flooring to a fully finished living area.
3. Why is the assessed value relatively low compared to the last sold price in 2017?
Assessed values for municipal tax purposes often lag behind market sale prices and follow different valuation models. The 2017 sale price and the current assessed value are not directly comparable indicators of today's market value.
4. Does the large lot come with any restrictions or advantages?
A lot size that is above average for the street is typically an advantage, offering more privacy and space. However, it’s wise to check municipal zoning bylaws for any restrictions on future structures like sheds, garages, or additions to ensure the potential can be realized.
5. There's no garage. How is street parking in the area?
The property has no garage. Prospective buyers should visit at different times to assess on-street parking availability, especially considering the proximity of several neighbouring homes on similar lots.