Property Overview: 571 Beverley Street, Winnipeg
Key Characteristics & Appeal
This 1922 one-storey home in Daniel McIntyre presents a practical opportunity centered on its land and location. At 954 sqft, the living space is modest and below average for the area, but the property is distinguished by its generous 3,037 sqft lot, which ranks in the top 5% on its street. This significant lot size offers valuable outdoor space and future potential in a mature neighbourhood. The home features a renovated basement, adding functional living area. Its assessed value is notably strong for the immediate street, suggesting it is well-regarded within its local context.
The primary appeal lies in a balance of a classic, established neighbourhood and the tangible asset of a larger-than-average lot. It suits a pragmatic buyer—perhaps a first-time homeowner, an investor, or a downsizer—who values lot size over a large interior footprint and sees potential in the existing renovation or the possibility of future outdoor projects or expansions. It’s a property where the value is arguably more in the land and location than in the current structure.
Frequently Asked Questions
1. Is the living space too small?
At 954 sqft, the home is cozier than many in the area. However, the renovated basement provides additional functional space, making it more livable than the main floor square footage alone suggests.
2. What does the high lot ranking actually mean?
Ranking in the top 5% for land area on Beverley Street means this property has one of the largest lots on the block. This offers more private outdoor space, better distance from neighbours, and greater flexibility for gardening, additions, or other uses compared to nearby homes.
3. The home was built in 1922. What should I be concerned about?
While the systems and structure of a century-old home will require diligent inspection, the data shows it is actually newer than most on its street and in Daniel McIntyre. This relative "newness" may indicate some updates over time, but a thorough inspection for foundation, wiring, and plumbing remains essential.
4. Why is the assessed value so much higher than the 2016 sale price?
The assessed value is a municipal valuation for tax purposes and can be influenced by many factors, including area improvements and market trends. The 2016 sale price is a historical data point. The current assessed value being above average for the street suggests the property's official valuation has risen in that context.
5. There's no garage. Is parking an issue?
The listing notes no garage. Buyers should verify on-street parking regulations and availability directly, as this is a common consideration in older, central neighbourhoods like Daniel McIntyre.