Property Overview: 781 Beverley Street, Winnipeg
Key Characteristics & Appeal
This one-and-three-quarter storey home, built in 1910, presents a classic character property with practical modern updates. Its 1,144 sqft living area is squarely average for the Daniel McIntyre neighbourhood, offering comfortable space without excessive upkeep. A key, less obvious strength is its generous 3,043 sqft lot, which ranks in the top 4% on its street—a significant asset for outdoor space, gardening, or future expansion in an established area. The home features a renovated basement, adding functional living or storage space.
The appeal lies in its grounded positioning. With an assessed value notably below area averages, it represents an accessible entry point into a mature neighbourhood. It suits first-time buyers seeking a character home with some updates already handled, or practical investors looking for a manageable rental property. The combination of a larger-than-standard lot and a lower assessment creates a unique value proposition: the potential for future equity growth through lot value or improvements, without the premium price tag of a fully renovated showhome.
Frequently Asked Questions
1. Is the low assessed value a concern?
Not necessarily. While below area averages, it often reflects the home’s older age and modest finishings compared to fully renovated properties. This can be an advantage, providing a lower property tax base and room to add value through personal updates.
2. What does "one-and-three-quarter storey" mean?
This is a common Winnipeg architectural style. It typically means the second floor has full-height ceilings at the center, with sloped ceilings or knee walls under the eaves, creating cozy, character-filled bedrooms.
3. How does the lot size benefit me?
The lot is significantly larger than most on the street. This offers more private outdoor space, better potential for landscaping, and could provide more options for additions like a garage, deck, or garden suite (subject to city bylaws).
4. The home is over 110 years old. What should I check?
While the basement is renovated, it's wise to have a thorough inspection focusing on the foundation, original plumbing and electrical updates, roof condition, and energy efficiency—common considerations for homes of this era.
5. What is the neighbourhood like?
Daniel McIntyre is a central, established neighbourhood with a mix of long-term residents and younger buyers. It offers convenience to downtown, the Health Sciences Centre, and local shops, with a practical, community-oriented feel.