374 Beliveau Road – Property Summary
Key Characteristics & Buyer Profile
This is a 1975-built home with 827 square feet of living space on a 3,357-square-foot lot. The property’s appeal lies in its relative affordability and solid, unflashy bones rather than standout size or location. Its assessed value of $276,000 sits around average for the street (Beliveau Road) and neighborhood (Worthington), but notably below the citywide average for comparable homes—meaning it offers a more accessible entry point than much of Winnipeg’s housing stock. The living area is below average at every level: street, neighborhood, and city. The lot is also smaller than typical, which might appeal to buyers who want less yard maintenance or are focused on interior space instead. The year built (1975) puts it around average for the area, so it’s not unusually old or new.
Where the property really stands out is in value per square foot. The assessment data suggests you’re paying less than the citywide norm, and the rankings (79th percentile on the street for living area, yet only 51st percentile for assessment) hint that this home could offer more bang for the buck than larger or pricier neighbors. It would suit a first-time buyer, a small family, or an investor looking for a lower-cost entry into a solid middle-market neighborhood. It may also appeal to someone who values a straightforward, no-fuss home over a showpiece—there’s nothing overstated here, and that’s part of its practicality.
Frequently Asked Questions
1. How does this home compare to others on Beliveau Road?
In terms of size, it’s below average (ranked 72nd out of 91 homes). But for assessed value, it’s right around the middle (46th out of 91). That means you’re likely getting a smaller home for a price that’s in line with the street’s average—not a bargain, but not overpaying either.
2. Is the neighborhood of Worthington considered desirable?
Worthington is a mid-range area. The home’s assessed value ranks 496th out of 811 homes locally, which is near the middle. It’s not a top-tier neighborhood, but it’s also not struggling. The average assessed value here is $315k, so this home sits below that—making it one of the more budget-friendly options in the area.
3. Why is the lot size so much smaller than average?
At 3,357 square feet, the lot is below average on the street, in the neighborhood, and citywide. This is common for homes built in the mid-1970s, especially in more established subdivisions where lots were sometimes smaller. It means less outdoor space but also less upkeep.
4. What does “ranked #173,541 out of 194,458 citywide” mean?
That’s the home’s ranking for living area across all comparable homes in Winnipeg. Being in the 89th percentile (i.e., beating only 11% of homes) confirms this is a smaller home by city standards. It’s not a problem—just a fact that sets expectations.
5. Should I worry about the assessment being lower than the neighborhood average?
Not necessarily. A lower assessment often means lower property taxes. It can also signal that the home hasn’t been renovated as recently or as extensively as others. But since it’s around average for the street, it’s likely priced fairly relative to its immediate neighbors. If you’re buying, it may leave room for added value through updates.