Property Overview: 511 Beverley Street, Winnipeg

Key Characteristics & Appeal

This well-situated two-and-a-half storey home in Daniel McIntyre offers a blend of historic charm and practical space. Built in 1914, it features a generous 1,751 sqft of living area, which is notably larger than most comparable homes on its street and in the neighbourhood. The property sits on a 3,036 sqft lot, providing above-average outdoor space for the area. Key features include a renovated basement and a detached garage.

The primary appeal lies in its spaciousness and established location. It represents a solid, character-filled home in a mature community. The numbers suggest it's a larger-than-average property for Daniel McIntyre, offering more interior and land space than many of its peers, which is a significant advantage in an inner-city neighbourhood.

This property would suit a buyer looking for a home with room to grow, who appreciates the character of a century-old home and values a central location. It’s a practical choice for someone who wants more house and yard than is typical for the area without venturing into the newer suburbs. The renovated basement adds modern utility, making it suitable for a small family, a couple needing home office space, or an investor seeking a substantial rental property.

Frequently Asked Questions

1. Is the assessed value a good indicator of the likely sale price?
Not directly. The assessed value of $17,900 is for municipal tax purposes and is typically far below market value. The last recorded sale was in 2019 for $15,700. A current market evaluation by a real estate professional is essential to determine its true listing or sale price.

2. What does the "above average" ranking for living area actually mean?
It means this home's interior size (1,751 sqft) is larger than most similar properties in its immediate context. It ranks in the top 7% on its street and top 6% in Daniel McIntyre for living space, indicating it's a notably spacious home for this specific location.

3. Are there any concerns with a home built in 1914?
While offering charm, a 112-year-old home requires careful attention. Prospective buyers should prioritize a thorough inspection focusing on the foundation, roof, wiring, plumbing, and insulation to understand the condition and anticipate any needed updates or maintenance.

4. How does the lot size compare to a typical new suburban home?
The 3,036 sqft lot is considered a good size for its inner-city neighbourhood. However, it is less than half the city-wide average lot size of 6,570 sqft. This offers a manageable yard in a central location but not the expansive outdoor space found in newer suburban developments.

5. What is the significance of the detached garage?
In older neighbourhoods, a detached garage is common and provides valuable secure storage or parking. It also offers flexibility; the space between house and garage can be used for a patio or garden, and the structure itself could potentially be renovated for a workshop or studio, subject to local bylaws.