Property Overview: 484 Beverley Street, Winnipeg

Section 1: Key Characteristics & Appeal

This is a compact, one-storey home built in 1909, situated on a standard-sized lot in the Daniel McIntyre neighbourhood. Its key characteristic is its modest scale, with a living area of 738 sqft that is notably smaller than most homes in the city, neighbourhood, and even on its own street. This is balanced by a recently renovated basement, adding functional space. The home’s assessed value is very modest compared to the Winnipeg city-wide average, but is typical for its immediate area.

The appeal lies in its affordability and manageability. It represents a straightforward entry point into homeownership, particularly for first-time buyers or investors seeking a lower-maintenance property. The renovated basement suggests updated essentials and potential for a rental suite or flexible living space, adding value beyond the main floor square footage. It would suit a pragmatic buyer who prioritizes financial accessibility and a simpler footprint over size, and who appreciates the character and established feel of a central, century-old neighbourhood.

A less obvious perspective is that its smaller size and average-for-the-area valuation could indicate a property where the cost of major updates (like a roof or foundation) relative to its total value requires careful consideration. However, its recent basement renovation may signal proactive upkeep.

Section 2: Frequently Asked Questions

1. How does the smaller living area impact daily life and resale?
The 738 sqft layout requires efficient use of space and may not suit those needing multiple bedrooms or dedicated work/entertainment areas. For the right buyer, it offers lower utility costs and less upkeep. Resale will cater to a specific market segment prioritizing affordability and location over square footage.

2. What does the "renovated basement" include?
While specifics should be verified with the listing agent, this typically indicates updated finishes, electrical, or plumbing in the basement space. It’s important to confirm if it is a legal suite, a recreational space, or simply modernized storage and utility areas.

3. Is the assessed value a reliable indicator of the listing or sale price?
Not directly. The assessed value ( $18,800 ) is for municipal tax purposes. Sale prices are determined by the market. Recent sale prices on the street and in Daniel McIntyre (like the noted 2016 sale at $18,200 for a similar home) are more relevant comparables, though market conditions have likely changed since.

4. As a home from 1909, what should I be mindful of?
While the basement is renovated, the home’s age means potential for older wiring, plumbing, or insulation in the main structure. A thorough home inspection is essential to understand the condition of the original foundation, framing, and windows.

5. How does this property compare to others on Beverley Street?
The data shows this home is smaller in living area than most on its street. However, its assessed value and land size are around the street average. This suggests you are paying primarily for the location and lot, with a more compact house on it compared to neighbours.