Property Overview: 835 Beaverbrook Street, Winnipeg
Key Characteristics & Appeal
This home presents a compelling mix of space, value, and potential. Its standout feature is the generous 5,609 sqft lot, which ranks in the top 5% on its street, offering significant outdoor space uncommon for the area. Built in 1956, it is notably newer than many neighbouring homes. The living area of 912 sqft is modest, positioning it below local averages, which suggests a manageable footprint for upkeep. With an assessed value of $370k that sits around the median for the street, the property offers a balanced entry point into the Mathers neighbourhood. Its appeal lies in this combination of a large, versatile lot with a home that is sized for efficiency, recently sold in the $250k-$300k range in 2020 and 2017.
This property would suit a first-time buyer or a practical downsizer looking for a solid foundation in a mature neighbourhood. It’s ideal for someone who prioritizes yard space over interior square footage, seeing the potential for gardens, expansion, or simply room to breathe. The buyer should be prepared for a home that may require updates common to its era, viewing it as a canvas for personalization rather than a turn-key solution.
Frequently Asked Questions
1. Is the large lot a benefit for future expansion?
Potentially, yes. The lot size is a significant asset, but any expansion would be subject to local zoning bylaws and building codes. It provides valuable optionality, whether for a future addition, a detached garage, or simply ample private outdoor space.
2. How does the below-average living area impact livability?
The 912 sqft layout will be compact. It suits individuals, couples, or small families comfortable with efficient use of space. It emphasizes the importance of a functional floor plan over raw square footage.
3. The home is newer than many on the street. Does that mean fewer issues?
While a newer build (1956 vs. a 1949 street average) can suggest updated materials or systems for its time, any 70-year-old home will have age-related considerations. It’s wise to investigate the condition of major components like the roof, wiring, and plumbing.
4. What does the assessed value tell me about the asking price?
The $370k assessment is a municipal valuation for tax purposes, not a market price. Recent sales history (in the $250k-$300k range) is a more direct indicator of its market value, though current conditions will ultimately determine the price.
5. The rankings show "below average" for some metrics in Mathers. Should I be concerned?
Not necessarily. These rankings compare it to all homes in the area. The "below average" living area and "above average" lot size define this property’s specific character: a land-focused offering. It highlights a trade-off that will be a pro for some buyers and a con for others.