Property Overview: 728 Beverley Street, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home, built in 1907, sits on a notably generous lot in the Daniel McIntyre neighbourhood. Its key appeal lies in a combination of established character and practical potential. With 1,152 sqft of living space, the house itself is of average size for the area, but the 3,726 sqft land parcel is a standout feature, ranking in the top 1% for lot size on its street. This offers valuable outdoor space and future flexibility that is uncommon in central neighbourhoods. The property includes a detached garage and an unrenovated basement, presenting a classic canvas for updates.
Its assessed value is above average for the immediate street, suggesting a solid foundation relative to nearby homes. The appeal here is grounded in space and location rather than turn-key finish. It would suit a practical buyer looking for a character home with room to grow, a hands-on owner comfortable with gradual improvements, or an investor who recognizes the long-term value of a large lot in a central, established community. It’s a property where the land itself is a primary asset, offering possibilities that newer subdivisions often cannot.
Section 2: Frequently Asked Questions
1. What does "unrenovated basement" typically imply?
It generally means the basement is in original or functional condition, but not modernized. Buyers should budget for potential updates to flooring, lighting, or finishes, and should have a thorough inspection to assess the foundation, moisture control, and mechanical systems.
2. How significant is the large lot size?
Very. A lot of this size (3,726 sqft) in an older neighbourhood is rare. It provides ample private yard space, room for gardening, play, or entertaining, and potential for future additions like a larger garage, workshop, or deck, subject to city bylaws.
3. The home was last sold in 2022. Should that be a concern?
Not necessarily, but it’s a point for inquiry. It could indicate a quick investment resale, a change in the owner’s circumstances, or that planned renovations were reconsidered. Understanding the seller’s reason for moving can provide useful context.
4. How does the assessed value relate to the likely selling price?
The municipal assessed value ($20,300) is for taxation purposes and is often lower than market value. Recent sale prices on the street have been above assessment. The selling price will be determined by current market conditions, the property’s condition, and buyer demand.
5. What are the less obvious considerations with a 1907-built home?
While full of character, prospective buyers should pay special attention to the state of original plumbing and wiring, which may need upgrading. Energy efficiency can also be a factor; older windows and insulation may lead to higher utility costs, representing an opportunity for targeted renovations to improve comfort and value.