Property Overview: 764 Beverley Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-three-quarter storey home, built in 1907, presents a classic character property in Winnipeg's Daniel McIntyre neighbourhood. With 1,098 sqft of living space and a 2,502 sqft lot, its size is very typical for the local area. The home features a basement that is noted as not being renovated, and it does not include a garage or pool.
The primary appeal lies in its position as an affordable, no-frills entry point into the city’s housing market. Its assessed value is notably below averages for the street, neighbourhood, and city, which is reflected in its recent sale history. This makes it a practical candidate for first-time buyers, investors, or those seeking a lower-cost project home. The lot size, while modest city-wide, is reasonable for the inner-city area and offers typical yard space for the community. A thoughtful perspective for a home of this era is the potential for incremental, owner-led upgrades, allowing for value to be added over time without the pressure of a fully renovated price tag. It suits a buyer comfortable with a home that may require updates, who values location and character over modern finishes, and who sees potential in a property that ranks as "around average" within its immediate context but stands out for its affordability.
Section 2: Frequently Asked Questions
1. What does "one-and-three-quarter storey" mean?
This is a common architectural style for older Winnipeg homes. It typically means the second floor has slightly less floor area than the main floor, often with sloped ceilings or dormer windows, providing cozy character but sometimes requiring thoughtful furniture placement.
2. The assessed value seems very low compared to the sale price. Why?
Municipal assessed value for tax purposes often lags behind market sale prices and is calculated using a specific formula. The sale price is determined by current market conditions, buyer demand, and the state of the property, which can differ significantly from the tax assessment.
3. What is implied by "basement, not renovated"?
This typically indicates the basement is in original or functional condition but lacks modern finishes. It may be suited for laundry and storage, and could present a future opportunity for development, but buyers should budget for potential updates to moisture management, insulation, or flooring.
4. How does the lack of a garage affect daily life in this neighbourhood?
Many older homes in Daniel McIntyre do not have garages. On-street parking is common. Buyers should check specific city parking regulations for the street and consider winter parking bans, which are a standard factor for neighbourhood living.
5. The home is older than most in the city. What should I be mindful of?
A 1907 home will likely have original charm but also requires attention to aging components. A thorough inspection is crucial to understand the condition of the foundation, roof, wiring, and plumbing. Heating costs and window efficiency are also key points to consider for an older structure.