Property Overview: 201 Beaverbrook Street, Winnipeg
Key Characteristics & Appeal
This home is a compact, 832 sqft character property built in 1921, situated on a standard 4,080 sqft lot in the Sir John Franklin neighborhood. Its assessed value of $278k is notably below area averages, positioning it as an accessible entry point into the market. The appeal lies in its value proposition and potential. It suits first-time buyers, investors, or downsizers seeking a lower-cost footprint with the character of an older home. A thoughtful perspective is that its smaller size and below-average metrics compared to neighbors could represent a "value-add" opportunity for someone willing to renovate or expand, effectively buying into the neighborhood at a discount relative to its peers. However, it requires a buyer comfortable with a home that is historically smaller and older than most in its immediate vicinity.
Frequently Asked Questions
1. Why is the assessed value lower than nearby homes?
The assessed value reflects the home's smaller living area (832 sqft vs. a neighborhood average of ~1,238 sqft) and its age. Value is driven by the property's specific characteristics, not just its location.
2. What does the "Below Average" ranking for living area mean?
It means this home's interior square footage is less than most comparable homes on its street, in the neighborhood, and across Winnipeg. Buyers should prioritize efficient use of space or consider expansion potential.
3. How reliable is the last sold price shown?
The displayed sold price range is based on public data, not the MLS. For fully verified, exact historical sale figures, you must request a manual lookup via email from the site.
4. Is the lot size a positive feature?
The lot is around average for Beaverbrook Street but below average for the wider area. It provides a standard outdoor space for the street but may not offer as much yard as some other parts of the neighborhood.
5. What can nearby property assessments tell me?
The listed nearby homes show a wide range of assessed values (from $221k to $450k) for similar-aged homes, indicating varied conditions, sizes, and renovations. This highlights that the potential value of 201 Beaverbrook is closely tied to its specific state and features.