Property Overview: 617 Beverley Street, Winnipeg

Key Characteristics & Buyer Appeal

This one-and-a-half storey home, built in 1908, is defined by its strong positioning within the established Daniel McIntyre neighbourhood. Its primary appeal lies in offering above-average space and a generous lot for the immediate area. With 1,358 sqft of living space, it ranks in the top 20% for size on its street, and its 3,124 sqft land parcel is notably large, ranking in the elite top 2% of Beverley Street lots. This presents a clear opportunity for buyers seeking room to grow, garden, or entertain in a central community.

The home suits practical buyers who value location and land size over turn-key condition. It features a basement but notes it is not renovated, suggesting a project-ready canvas for those willing to update. The lack of a garage is typical for the area. A thoughtful perspective for buyers is the home’s assessed value context: while above average for the street, it is below the city-wide average, highlighting the neighbourhood's relative affordability and potential for value growth as central areas continue to be desirable. This property is ideally suited for first-time buyers, renovators, or investors looking for a character home with solid fundamentals in a well-located Winnipeg neighbourhood.

Frequently Asked Questions

1. What does "one-and-a-half storey" typically mean for a home of this era?
It usually refers to a home with a full main floor and a second floor under a sloped roof, often featuring cozy bedrooms with dormer windows. This style is common in Winnipeg’s older neighbourhoods and offers classic character.

2. The assessed value seems low compared to the city-wide average. Is that a concern?
Not necessarily. This reflects the different property value brackets across Winnipeg. An assessment below the city-wide average but above average for the street can indicate a solid, reasonably valued property within a more affordable and centrally located community.

3. How significant is the large lot size?
Very. A lot over 3,000 sqft on Beverley Street is a standout feature. It provides more outdoor space than most neighbouring properties, which is a permanent advantage for privacy, recreation, or future expansion like a garage or deck.

4. The basement is noted as "not renovated." What should I expect?
You should budget for potential updates. In a 1908 home, this could mean older finishes, mechanical systems (like plumbing or electrical) that may need evaluation, and a space that is functional but awaiting modernization.

5. The home last sold in January 2022. How is that information useful?
It provides a recent market price point (21.50k) for comparison, though market conditions may have changed. It also indicates the property has changed hands relatively recently, which can be a prompt to inquire about any work done by the sellers during their short tenure.