219 Beliveau Road – Property Summary
Key Characteristics & Buyer Profile
This is a 1948-built home with 720 sq ft of living space on a notably large 7,278 sq ft lot. The property sits on Beliveau Road in the Worthington area of Winnipeg. Its living area is smaller than average across its street, neighbourhood, and the city as a whole—ranking in the bottom 10–15% in each category. The assessed value of $255,000 is close to the street and neighbourhood averages, but significantly below the citywide average of $390,000.
The lot size is where this property stands out. It ranks in the top 23% on the street and the top 15% citywide, offering well above-average outdoor space for its price point. The home itself is older than most nearby (built 1948 vs. a street average of 1966), which suggests potential for renovation or redevelopment, especially given the generous lot.
This property would suit buyers who prioritize land over square footage—those looking for a project, a chance to build equity through renovation, or a lot that could be subdivided or redeveloped over time. It may also appeal to someone who values a quiet, established neighbourhood with mature outdoor space, and who is comfortable with a smaller, dated interior. First-time buyers with some renovation skills, or investors eyeing land value in a central-like area, could find this a solid entry point.
Five Possible FAQs
1. How does the property’s small living area affect its resale value?
A 720 sq ft home is below most family-home expectations in Winnipeg, which may limit buyer pool when reselling. However, the large lot can offset this—many buyers will see the land as the primary asset. If the home is updated or expanded, value could increase significantly.
2. Is the home priced competitively for its size and location?
The assessed value of $255,000 is close to the street and neighbourhood averages, meaning it’s not overpriced relative to nearby homes. Given the smaller interior but larger yard, it offers a trade-off that may appeal to buyers who care less about interior space.
3. What are the chances the lot could be subdivided or developed?
That depends on local zoning and lot dimensions. The 7,278 sq ft lot is well above average for the city, so it may be a candidate for infill or duplex development. A check with Winnipeg’s planning department would be needed to confirm what’s possible.
4. How do property taxes compare to similar homes?
Taxes are based on the $255,000 assessment, which is low relative to the citywide average. This means lower annual tax costs than many homes in Winnipeg, which can be an advantage for budget-conscious buyers.
5. What condition is a 1948 home likely to be in?
Homes from that era often have solid construction but may need updates to electrical, plumbing, insulation, and windows. It’s wise to budget for renovations, especially if the home hasn’t been refreshed recently. A thorough home inspection is strongly recommended.