Property Overview
This two-storey home at 554 Beverley Street in Winnipeg's Daniel McIntyre neighbourhood presents a classic, no-frills urban living opportunity. Built in 1907, its 1,200 sqft living space and 2,496 sqft lot are very typical for the immediate street and area, offering a standard footprint for the community. A key characteristic is its above-average assessed value for Beverley Street, suggesting it may be in relatively better condition or have features that set it apart from its closest neighbours. The home has a basement, but it is noted as not renovated, and the property does not include a garage or pool.
Its appeal lies in its established location and straightforward, comparable scale. It suits a practical buyer—perhaps a first-time homeowner or an investor—who values a character home in a central neighbourhood without unexpected size or value extremes. It’s a property that represents the median of its specific locale, offering a manageable project given the unrenovated basement, but not a major outlier in any metric. A thoughtful perspective is that its "averageness" on the street could mean less competition from more unique or dilapidated homes, while its age offers potential heritage charm but also warrants a thorough inspection for upkeep.
Frequently Asked Questions
1. What does the assessed value being "above average" for the street indicate?
It suggests that, compared to the 301 homes on Beverley Street used for comparison, this property’s official assessed value is in the top 23%. This often reflects factors like lot utility, structural condition, or improvements relative to its immediate peers.
2. Is the lack of a garage a common feature in this area?
The data does not specify, but the property listing notes "Garage: None." Many older homes in central Winnipeg neighbourhoods do not have garages, often relying on street parking or rear lanes.
3. How significant is the unrenovated basement?
This indicates the basement space is functional but may require modernization. It represents a clear opportunity for future improvement and added value, but buyers should budget for potential updates and investigate any moisture or foundation issues common in century-old homes.
4. The home sold in November 2022. Why is that recent sale relevant?
The sale price of $23.50k, which was well above the area average at that time, provides a concrete recent market benchmark. It indicates strong buyer interest for the property at that point, which can be a useful reference, though current market conditions may differ.
5. How does the property's age (1907) compare to others nearby?
At 119 years old, it is slightly older than the average home on Beverley Street (average year built 1914) but aligns with the general character of Daniel McIntyre. This age is typical for the area and suggests classic construction, but it necessitates careful attention to systems like wiring, plumbing, and the roof during an inspection.