740 Beverley Street

Property Overview: 740 Beverley Street, Winnipeg

Section 1: Key Characteristics & Appeal

This one-and-three-quarter storey home, built in 1905, presents a classic character property in the Daniel McIntyre neighbourhood. With 1,080 sqft of living space and a 2,493 sqft lot, its metrics are consistently average to above-average for its immediate street and area, suggesting it fits comfortably within this established community. The home features a detached garage and a basement that is noted as being unrenovated.

The appeal lies in its position as a solid, no-surprises property in a mature neighbourhood. It’s not the newest or largest home on the block, but it holds its own in the local context. The very low assessed value, while significantly below the Winnipeg city average, indicates a potentially accessible entry point into the market. This home would suit a pragmatic first-time buyer or an investor looking for a character home without premium pricing. It’s for someone who values a straightforward comparison to neighbouring properties and sees potential in a basement that awaits their personal touch. A less obvious perspective is that a home ranking "around average" in so many local categories can represent stability and predictability, avoiding the extremes of being either over-improved or severely under-valued for the area.

Section 2: Frequently Asked Questions

1. What does the assessed value tell me about the potential property taxes?
The assessed value is notably low, which typically correlates with lower municipal property taxes. However, taxes are based on the mill rate applied to this assessment, so consulting the most recent municipal tax statements is essential for an accurate annual estimate.

2. The home is noted as having an unrenovated basement. What should I consider?
This indicates the basement is in original or functional condition but may require updates for modern living. It’s crucial to investigate its current use, ceiling height, moisture control, and the condition of essential systems like the furnace and electrical, as any future renovations would start here.

3. How does the age of the home (1905) impact ownership?
While offering classic charm, a home of this age likely has older building materials and systems. Prospective buyers should prioritize inspections for the foundation, wiring, plumbing, and insulation. The character comes with the responsibility of more attentive maintenance.

4. The living area is slightly below the local average. How does the layout feel?
At 1,080 sqft, the space is efficient. The "one-and-three-quarter storey" design often features smaller, cozier rooms on the upper floor. Viewing the property in person is key to understanding if the layout’s flow and room sizes match your needs.

5. The home sold in 2017. How is the recent sales history relevant?
The 2017 sale price provides a historical benchmark, but market conditions have likely changed. It’s more useful to examine the "Nearby Properties" and "Similar Assessed Value" lists provided to understand current neighbourhood comparisons and value positioning.