553 Beverley Street

Property Overview: 553 Beverley Street, Winnipeg

Section 1: Key Characteristics & Appeal

This well-situated two-storey home in Daniel McIntyre offers a blend of historic charm and practical updates. Its key appeal lies in its strong positioning within the immediate area. With 1,280 sqft of living space, it sits comfortably above average for both the street and the neighbourhood. A recently renovated basement adds functional living area. The home’s standout characteristic is its assessed value, which ranks in the top 7% on Beverley Street and the top 13% in Daniel McIntyre, suggesting it is a substantial property relative to its local peers, despite its 1912 build date.

The property would suit a buyer looking for a established, character home in a central Winnipeg neighbourhood without requiring a large lot. It’s ideal for someone who values being above-average in their immediate community more than comparing to city-wide averages. The smaller land area (2,303 sqft) means lower maintenance, appealing to first-time homeowners, small families, or investors seeking a manageable property with strong local valuation.

A less obvious perspective is that this home represents a "big fish in a small pond" scenario. While its metrics are modest city-wide, its superior standing on its own street and in Daniel McIntyre indicates a premium location within that micro-market, which can be a significant factor for stability and pride of ownership.

Section 2: Frequently Asked Questions

1. How does the assessed value compare to the recent sale price?
The home sold for $24.30k in September 2024, which is slightly below its current assessed value of $25.10k. This close alignment suggests the sale was near market value as determined by assessment.

2. Is the smaller land area a concern?
The lot is below average in size for the street, neighbourhood, and city. This typically means less yard maintenance and can be a benefit for those not seeking extensive outdoor space. It’s important to view the property in person to see if the layout and outdoor area meet your needs.

3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the details. A viewing is essential to determine the finish quality, ceiling height, legal egress, and whether it includes a separate suite or additional living space.

4. How does the age of the home affect things?
Built in 1912, the home is older than most in Winnipeg. While it has historic character, potential buyers should prioritize a thorough inspection to understand the condition of major systems (plumbing, electrical, foundation) and the efficiency of windows and insulation.

5. What is the neighbourhood context like?
The provided data shows the home is surrounded by other properties on Beverley Street, indicating a dense, established residential area. The "For Reference" comparable listings on nearby Simcoe Street show a mix of assessed values, suggesting a varied streetscape typical of older neighbourhoods.