Property Overview: 468 Beverley Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-three-quarter storey home, built in 1907, presents a classic character property with modern practicality. Its key appeal lies in its strong value proposition within the established Daniel McIntyre neighbourhood. With 1,137 sqft of living space and a renovated basement, it offers functional space for a small family, a couple, or an investor. The home stands out for its above-average assessed value relative to its immediate street and area, suggesting it may be in better condition or have more desirable features than many local comparables.
Its suitability is for a pragmatic buyer who values location and character over sheer size. The lot is a manageable city size, and the home’s living area is squarely average for the area, indicating it’s a typical, honest footprint for the neighbourhood. It would suit a first-time buyer seeking an entry into a central community, or an owner-occupant looking for a lower-maintenance character home without the extreme upkeep of a much larger, older property. A thoughtful perspective is that its city-wide rankings for value and lot size are lower, which isn’t a negative but rather defines its niche: this is a home rooted in its specific, central community’s market, not in sprawling suburban comparisons.
Section 2: Frequently Asked Questions
1. What does the assessed value ranking actually indicate?
The home’s assessed value ranks in the top 14% on its street and top 29% in Daniel McIntyre. This generally suggests that, for tax purposes, it is valued higher than many nearby homes, which can often correlate with updates, desirable features, or better overall condition.
2. Is the living space small?
At 1,137 sqft, it is slightly below the city-wide average but is very typical for the neighbourhood and street. It represents the standard, efficient layout common in central Winnipeg character homes of this era.
3. How does the recent sale history inform the price?
The property sold in February 2021 for $21,500 and in May 2020 for $200,000. The significant difference highlights the importance of understanding the context of each sale (e.g., condition at the time, market factors). It underscores why a current professional appraisal and inspection are crucial.
4. What are the implications of a home built in 1907?
You are buying a piece of Winnipeg’s architectural history with the inherent character of that period. Prospective buyers should budget for and prioritize a thorough inspection to understand the condition of aged components like wiring, plumbing, and the foundation, even with a renovated basement.
5. How does the lack of a garage affect daily life?
This is common for the area. Buyers should consider on-street parking permits, the potential to create a parking pad (subject to bylaws), and their comfort with winter parking routines. The trade-off is often a more walkable, community-oriented lifestyle.