Property Overview: 687 Beverley Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home, built in 1910, presents a classic character property in the Daniel McIntyre neighbourhood. Its key appeal lies in a combination of established charm and practical fundamentals. With 1,127 sqft of living space, the home offers a comfortably sized layout that is typical for the area. A significant standout is the land size: at over 3,000 sqft, the lot is notably larger than most on its street and in the immediate area, offering valuable outdoor space and potential.
The home features a detached garage and an unrenovated basement, indicating an opportunity for customization. Its assessed value is positioned below area averages, which can suggest a more accessible entry point into the neighbourhood. This property would suit a first-time buyer or an investor looking for a character home with solid bones and a generous lot. It’s ideal for someone comfortable with a home that may require updates over time, allowing them to add value and personalize the space. The above-average lot size is a less obvious but substantial asset, providing rare privacy and room for gardens, play, or expansion compared to neighbouring properties.
Section 2: Frequently Asked Questions
1. What does the "below average" assessed value indicate?
It primarily reflects the property’s value for municipal tax purposes, which is often based on historical formulas and may not directly correspond to current market sale prices. It can indicate a more affordable tax burden and may reflect the unrenovated state of the basement.
2. Is the older year of build (1910) a concern?
While it means the home has character, it also means prospective buyers should budget for a thorough inspection. Older homes can have unique maintenance needs, but they also often feature solid construction and materials not found in newer builds.
3. How does the lot size compare practically?
At 3,035 sqft, the lot is over 15% larger than the average for Daniel McIntyre. This translates to more yard space, greater distance from neighbours, and potentially better natural light around the home.
4. What is the neighbourhood like?
Daniel McIntyre is a mature, established inner-city neighbourhood. It typically offers a mix of residential character homes, local amenities, and good transit connectivity, appealing to those who value proximity to downtown.
5. What can recent sale prices on the street tell us?
The home sold in late 2024 for $17,500k. Comparing this to its 2021 sale price of $15,500k and to nearby assessed values provides a gauge of market activity and trends on Beverley Street, suggesting steady demand in the area.