Property Overview: 526 Beverley Street, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home, built in 1907, presents a practical opportunity in Winnipeg's Daniel McIntyre neighbourhood. With 1,066 sqft of living space and a 2,497 sqft lot, its size is consistently average for its immediate street and area, offering a manageable footprint. A key characteristic is its unrenovated basement, indicating potential for future customization or necessary updates.
The primary appeal lies in its position as an accessible entry point into the market. Its assessed value is notably below average for the city, which can translate to lower property taxes, a significant ongoing savings. The home suits first-time buyers comfortable with a property that may require gradual improvements, or investors looking for a straightforward rental property in a central location. Its age and classic style also hold a less obvious appeal for those who appreciate the character and solid construction of early 20th-century homes, viewing the basement not just as unfinished space but as a blank canvas for a future rec room, suite, or workshop.
Frequently Asked Questions
1. What does "below average" assessed value mean for me?
A below-average assessed value typically results in lower municipal property taxes compared to similar-sized homes with higher assessments. It’s important to distinguish this from market value, which is determined by what a buyer is willing to pay.
2. Is the unrenovated basement a major concern?
It depends on your plans and budget. It offers the flexibility to finish it to your own taste and needs in time. However, a professional inspection is recommended to check for foundational integrity, moisture, and necessary updates to electrical or plumbing systems.
3. How does the home’s age affect maintenance?
Built in 1907, the home likely has older building materials and systems. While often sturdy, this can mean a higher priority on maintenance checks for the roof, windows, and original plumbing or wiring. Some see this as a trade-off for classic architectural details.
4. What is the neighbourhood like?
Daniel McIntyre is a mature, established inner-city neighbourhood. It offers the convenience of proximity to downtown Winnipeg, local shops, and schools. As with any central area, it’s wise to visit at different times to get a feel for the specific block and street activity.
5. How does the lot size compare?
At just under 2,500 sqft, the lot is average for the area but smaller than the typical newer suburban lot city-wide. This means less exterior maintenance and a more community-oriented, close-knit street feel, but limited space for extensive additions or sprawling gardens.