Property Overview: 496 Beverley Street, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home, built in 1907, presents a classic character property with solid fundamentals in the Daniel McIntyre neighbourhood. Its primary appeal lies in its above-average living space (1,424 sq ft) and a notably low property tax assessment, which ranks highly within its immediate area. The home features a full, unrenovated basement, no garage, and sits on a standard city lot.
The property suits practical buyers looking for value and space in a central location. It’s ideal for an owner-occupant comfortable with a home that may require updates, or for an investor seeking a rental property with a favourable tax structure. A less obvious perspective is that its consistent sale price history over recent years suggests a stable, predictable value in its micro-market, unlike more volatile areas. Its appeal is grounded in tangible metrics rather than luxury finishes, offering a straightforward canvas.
Section 2: Frequently Asked Questions
1. What does the "assessed value" mean for my potential costs?
The assessed value of $22,700 is used to calculate your annual property taxes. A lower assessment relative to the home’s market sale price generally translates to lower ongoing property tax bills, which is a key financial advantage of this property.
2. Is the unrenovated basement finished or usable?
The listing specifies the basement is "not renovated." This typically means it is unfinished or partially finished in its original state, offering utility space and significant storage or future development potential, but not move-in-ready living space.
3. How does the living area compare to nearby homes?
At 1,424 sq ft, this home offers more living space than many comparable properties on Beverley Street and in the Daniel McIntyre neighbourhood, placing it in the top 16% locally for size.
4. The home was built in 1907. Should I be concerned?
The year built indicates a character home, common in this area. While it promises charm and sturdy construction, a thorough inspection is essential to understand the condition of aging components like wiring, plumbing, and the foundation.
5. There’s no garage. What are the parking options?
The property has no private garage. Parking would be via on-street permits. This is a typical trade-off for central, established neighbourhoods and should be factored into your daily logistics.