Property Overview: 602 Beaverbrook Street, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home on Beaverbrook Street is a practical and well-situated property. Its key characteristic is a renovated basement, adding valuable finished living space to the 1,253 sqft footprint. The home sits on a standard city lot of 4,385 sqft and includes a detached garage. Built in 1950, it is a typical vintage for the J.B. Mitchell neighbourhood.
The appeal lies in its solid, no-frills foundation. The living area is notably above average for both the immediate street and the neighbourhood, suggesting a home that makes efficient use of its space, especially with the basement update. While the assessed value is unassuming, its last recorded sale in late 2020 was in a lower price range, which may present an entry point into the area. This property suits first-time buyers or practical investors looking for a home with some modernized elements (the basement) in an established area, without the premium price tag of a fully updated or larger-lot home. A thoughtful perspective is that its "average" metrics across the board signal stability and predictability, not standing out for good or bad reasons, which can be an advantage for those seeking a straightforward purchase.
Frequently Asked Questions
1. What does the "renovated basement" likely include?
While specifics aren't listed, a "renovated basement" in a home of this era typically means it has been finished into a livable space, potentially including insulation, drywall, flooring, and basic amenities. It’s important to verify the quality, permits, and the exact nature of the renovation.
2. How does the assessed value relate to the likely selling price?
The assessed value ($37,600) is for municipal tax purposes and is typically much lower than market value in Winnipeg. The market price will be influenced by recent sales of similar homes, current demand, and the property's condition. The last known sale was between $29.5k-$32.5k in 2020.
3. What are the implications of the lot size being "below average" for the neighbourhood?
The lot is smaller than many in J.B. Mitchell. This means less outdoor maintenance but also potentially less private yard space. It’s a trade-off that can keep the property more affordable while still offering some outdoor area.
4. Is the detached garage a plus or a minus?
This depends on preference. A detached garage provides flexible space and separates vehicle fumes from the house, but it is less convenient in Winnipeg winters compared to an attached garage.
5. Where can I find the exact historical sale prices?
The exact sold prices are not publicly displayed in detail here. The listing service offers to provide this information manually via email upon request, with a promise of a reply by the end of the same day and no unsolicited marketing.