Property Overview
766 Beverley Street is a classic two-storey home built in 1907, offering 1,044 square feet of living space on a 2,502 square foot lot in Winnipeg's Daniel McIntyre neighbourhood. Its key appeal lies in its position as an entry-point property in a central, established community. The home presents a straightforward opportunity: it has a functional layout and basement, but the data clearly indicates it is unrenovated and carries a significantly below-average assessed value compared to both the immediate street and the wider city. This suggests a property ripe for modernization, reflecting its age and condition.
This home would suit a specific type of buyer. It is a practical match for a handy first-time buyer or an investor with a vision for gradual improvements. Its low assessed value relative to the area makes it financially accessible, while its average-sized lot and floor plan for the neighbourhood provide a solid foundation. The appeal is not in move-in-ready finishes, but in the potential to add value through thoughtful updates in a well-located area.
Frequently Asked Questions
1. Why is the assessed value so much lower than the area averages?
The assessed value is typically based on factors like the property's condition, age, and recent sales of comparable homes. Its ranking in the bottom 5% locally suggests the assessment reflects its unrenovated state and potential need for significant updates.
2. What does "basement, not renovated" imply?
This indicates the basement is functional and usable, but likely retains original or outdated finishes, mechanical systems (like plumbing or electrical), and may have moisture control or insulation standards typical of its era. It should be inspected thoroughly.
3. Is the lot size a limitation?
At 2,502 sq ft, the lot is slightly below average for Daniel McIntyre but fairly typical for the Beverley Street area. It provides adequate outdoor space for a city home but may not allow for major expansions without variances.
4. How does the age of the home (1907) affect it?
The 119-year-old structure offers classic character but also means potential for older wiring, plumbing, and insulation. Its "around average" age for the immediate area means local contractors are often familiar with the quirks and renovation needs of houses from this period.
5. Who are the most likely neighbours?
The listing shows several nearby homes on Beverley Street with similar vintage and assessed values, suggesting a streetscape of comparable, modestly valued properties. This can indicate a stable, unpretentious block where value-added renovations would be noticeable.