Property Overview: 500 Beverley Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home, built in 1907, presents a classic character property in Winnipeg's Daniel McIntyre neighbourhood. With 1,301 sqft of living space, it offers above-average roominess for both its immediate street and local area, providing more interior space than many comparable homes nearby. The lot is a standard city size at just under 2,500 sqft, and the property includes a detached garage.
The primary appeal lies in its value proposition and potential. The home's assessed value is notably below the citywide average, which can indicate an accessible entry point into the market. It suits a practical buyer—perhaps a first-time homeowner, an investor, or a hands-on individual—who is comfortable with a property that has a basement in original condition and sees the value in a solid, centrally-located structure. Its charm is not in modern finishes, but in its established presence, generous interior proportions for the area, and the opportunity to incrementally shape it to one's own taste. A thoughtful perspective is that while it ranks lower citywide for metrics like assessed value, this often reflects the character of the central, older neighbourhoods compared to newer suburbs, appealing to those who prioritize location and lot density over brand-new construction.
Section 2: Frequently Asked Questions
1. What does "above average" for living area actually mean?
For the Daniel McIntyre neighbourhood, this home's living area is larger than approximately 75% of similar properties, meaning it offers more interior space than most direct comparables in the area.
2. Why is the assessed value so much lower than the citywide average?
Assessed value is not market value, but is used for calculating property taxes. A low assessment relative to the entire city is very common for older homes in central neighbourhoods and typically results in a lower annual tax burden, which is a key financial consideration.
3. What should I expect with a "not renovated" basement?
This indicates the basement is in its original or older state. Buyers should budget for potential updates to insulation, flooring, or foundational repairs, and have a thorough inspection to understand any moisture control or structural needs.
4. How does the age of the home (1907) affect it?
A 119-year-old home has character and solid construction, but also requires diligent maintenance. Key systems like plumbing, electrical, and the roof may have been updated over time; a review of any upgrades and a specialized inspection are advisable.
5. Who would this property not be suitable for?
It may not suit buyers seeking a move-in-ready home with modern, open-concept layouts and finished basement space. It is best for those with a vision for gradual improvement or who value location and space over immediate modern convenience.