Property Overview: 540 Beaverbrook Street
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1953, offering 850 square feet of living space with a renovated basement. It sits on a roughly 4,500 sqft lot and does not include a garage or pool. The home’s assessed value is notably modest compared to many in the city.
Its primary appeal lies in its affordability and practicality. The renovated basement adds functional living space, making it efficient for its size. It suits first-time homebuyers seeking an entry point into the market, investors looking for a manageable rental property, or downsizers who value a low-maintenance, single-level layout without a large mortgage burden.
A less obvious perspective is its positioning within the J.B. Mitchell neighbourhood. While the home itself is below average in size and value for the immediate area, this can represent an opportunity to live in a established community at a lower threshold. The lot size is fairly typical for the street, offering standard outdoor space for a home of this era.
Section 2: Frequently Asked Questions
1. Is the assessed value the same as the market value?
No. The assessed value (listed as $32,700) is for municipal tax purposes. The market value—what a buyer would pay—is determined by current market conditions and can be significantly higher, as suggested by the sold price history from recent years.
2. What does the ranking data (e.g., "Top 88%") mean for living area?
This statistic means the home’s living area is smaller than most comparable homes. For example, "Top 88%" on its street indicates that 88% of similar homes on Beaverbrook Street are larger. This quantifies the home’s compact nature.
3. The sold price history shows a range. How can I get the exact figure?
The exact sold prices are not publicly displayed in detail here. You can request them via the provided email submission, which the site manually fulfills without using your email for marketing.
4. What are the implications of not having a garage?
Buyers should plan for street parking and consider the logistics of Winnipeg winters. The lack of a garage also affects storage options, though the renovated basement may help offset this.
5. How does the age of the home (73 years) factor in?
While major systems may have been updated over time, a home of this age will likely require ongoing maintenance and updates. The renovated basement is a positive, but prospective buyers should still consider the condition of the roof, windows, plumbing, and electrical.