Property Overview: 565 Beaverbrook Street
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1952, offering 768 square feet of living space on a 4,080 sqft lot. Its key characteristic is its modest scale, with living area significantly below averages for its street, neighborhood, and the wider city. The home features a renovated basement, but no garage or pool.
The primary appeal lies in its affordability and efficiency, reflected in a relatively low assessed value. It represents a straightforward entry point into the Winnipeg market, particularly in the J.B. Mitchell area. The renovated basement adds functional living space, making the overall footprint more practical. The lot size is manageable for low-maintenance outdoor space.
This property would best suit first-time buyers, downsizers, or investors seeking a low-maintenance, cost-effective holding. It’s for those who prioritize financial accessibility and a simple layout over size. A less obvious perspective is that a home of this scale and era, while modest, can offer a unique opportunity to live efficiently without the burden of maintaining unused space common in larger, older homes. Its citywide assessed value ranking is more favorable than its neighborhood ranking, suggesting it may be perceived as a relative value in the broader market context.
Section 2: Frequently Asked Questions
1. How does the home’s size compare to others?
At 768 sqft, the living area is notably smaller than most comparable homes in the immediate area, which average around 1,140 sqft on this street and in the J.B. Mitchell neighborhood.
2. What is the likely price range based on recent sales?
Based on public data, a nearby sale on the same street in July 2023 occurred in the range of $24,500 to $27,500. The current assessed value is $31,800.
3. Is the lot size typical for the area?
The 4,080 sqft lot is slightly below the average for Beaverbrook Street (~4,539 sqft) and more noticeably below the average for the J.B. Mitchell neighborhood (~5,386 sqft), offering a more manageable yard.
4. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This would be a key point for a viewing or direct inquiry to understand how it adds to the home’s functional space.
5. How does the assessed value rank compared to the city?
Citywide, the home’s assessed value ranks around the 65th percentile, meaning it is higher than about 65% of comparable properties. This is a stronger relative position than its rankings on its own street or in its immediate neighborhood, indicating its assessed value is more competitive across Winnipeg.