Property Overview: 754 Beverley Street, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1905, situated on a standard city lot in the Daniel McIntyre neighbourhood. Its key characteristic is its modest scale, with a living area of 680 sqft, which is notably smaller than most comparable homes locally and city-wide. The property’s assessed value is significantly below average, reflecting its size and vintage.
The appeal lies primarily in its position as an entry-point opportunity. It suits a specific type of buyer: those seeking absolute affordability, such as a first-time buyer willing to undertake renovations, an investor looking for a straightforward rental property, or someone interested in a minimal footprint. A less obvious perspective is its potential for a land-value play; the lot itself represents the core asset here, offering future possibilities for redevelopment or expansion in an established central neighbourhood, which may be of interest to a long-term holder.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessed value is based heavily on the home's very small size (680 sqft) and its age. It is compared to all residential properties city-wide, most of which are larger and newer, resulting in a percentile ranking in the bottom 1%.
2. What does "below average — Top 97%" mean for Living Area?
This statistic indicates that this home's living area is smaller than approximately 97% of comparable homes on its street. In practical terms, at 680 sqft, it is about half the size of the average home in its immediate peer group.
3. Who might this property not be suitable for?
It would likely not suit buyers looking for move-in-ready conditions, families requiring multiple bedrooms, or anyone needing significant living space without a plan for major alterations or an addition.
4. The home sold recently. What can be inferred from the sale price?
The property sold for $7.3k in May 2024, which is consistent with its low assessed value. This suggests it may have been sold for land value, as a teardown, or in as-is condition requiring substantial investment.
5. Is the lot size a redeeming feature?
The land area of 2,493 sqft is around average for the Daniel McIntyre neighbourhood. While not oversized, it is a standard city lot that provides adequate outdoor space and is the component of the property with the most potential for future change.