Property Overview: 631 Beverley Street, Winnipeg

Section 1: Key Characteristics & Appeal

This is a classic, one-storey character home in Winnipeg's Daniel McIntyre neighbourhood. Built in 1906, it offers 1,087 sq ft of living space and sits on a 2,247 sq ft lot. The home presents a straightforward opportunity: it's a historically grounded property with a functional layout and an unrenovated basement, allowing the next owner to shape it to their vision.

Its primary appeal lies in its accessibility and potential. With an assessed value significantly below the citywide average, it represents an entry point into the Winnipeg market, particularly for those drawn to established, central communities. The home's living area is competitively sized for the immediate area, making it a practical choice rather than a compromise.

This property would best suit a hands-on buyer—perhaps a first-time homeowner comfortable with gradual updates, or an investor looking for a character rental in a high-demand rental area. It’s not for someone seeking a modern, turn-key property, but rather for those who value a solid foundation, a manageable scale, and the chance to add value over time. A less obvious perspective is its appeal to downsizers or small households who prioritize location and simplicity over size, and who might appreciate the charm and lower maintenance of a single-storey layout in a walkable neighbourhood.

Section 2: Frequently Asked Questions

1. What does "basement not renovated" typically mean?
It indicates the basement is in original or utilitarian condition, likely with concrete floors, basic walls, and older mechanical systems. It’s functional space for storage or laundry, but not finished living area.

2. How does the assessed value relate to the likely selling price?
The current assessed value is $160,000. Note that it last sold for $170,000 in early 2022. Market conditions, property updates, and demand will determine the final sale price, which may differ from the assessment used for tax purposes.

3. What are the implications of the smaller lot size?
At 2,247 sq ft, the lot is smaller than most in the city and even the neighbourhood. This means lower exterior maintenance, but also limited space for expansions, additions, or extensive outdoor living areas. Parking will likely be on-street.

4. Is the age of the home (1906) a concern?
It comes with both character and considerations. You can expect solid construction but also aging components. A thorough inspection is essential to understand the condition of the foundation, roof, wiring, and plumbing, and to budget for updates.

5. What is the neighbourhood like?
Daniel McIntyre is a central, mature neighbourhood with a mix of residential character homes and local commercial streets. It offers high walkability, access to transit, and proximity to downtown, The University of Winnipeg, and amenities like the West End Cultural Centre.