Property Overview

This one-and-three-quarter storey home at 734 Beverley Street in Winnipeg's Daniel McIntyre neighbourhood presents a distinct blend of character and practicality. Built in 1905, it offers above-average living space for its immediate area, featuring 1,458 sqft and a renovated basement. Its appeal lies in its established community setting, generous interior space relative to nearby homes, and the value proposition of a lower assessed value. The property sits on a standard city lot and does not include a garage or pool.

This home would suit a value-conscious buyer looking for character in a central neighbourhood, who prioritizes interior space over a large yard or modern construction. It’s a practical choice for those comfortable with an older home's maintenance realities but who appreciate the roominess and lower property tax base that comes with its assessment. It may also appeal to an investor or homeowner seeking a footprint with renovation potential, given its below-average assessed value against the sale price.

Frequently Asked Questions

1. Why is the assessed value significantly lower than the recent sale price?
The home's assessed value for tax purposes is $14,600, which is well below both the recent sale price and city averages. This can indicate a few things, including a long-term ownership with phased assessment increases or that the assessment hasn't recently caught up to market renovations or area trends. It generally suggests a relatively lower property tax burden.

2. What does "above average living area for the area" really mean?
While the home's 1,458 sqft is modest by newer suburban standards, it ranks in the top 15% for size compared to other homes on Beverley Street and in Daniel McIntyre. This means it offers more interior space than most direct comparables, which is a key advantage in older, central neighbourhoods where homes are often more compact.

3. Are there any concerns with a home built in 1905?
Absolutely. A 121-year-old home will require diligent attention to its aging components, such as the foundation, plumbing, electrical systems, and windows. While the basement is noted as renovated, a thorough inspection is crucial to understand the condition of the original structure and any updates. This is not a move-in-and-forget property.

4. What is the neighbourhood like?
Daniel McIntyre is a mature, central Winnipeg neighbourhood. The very close proximity of neighbouring homes (some just 8 meters away) is typical of the area's density. This offers walkable convenience and a strong community feel, but less privacy and smaller outdoor spaces than in newer subdivisions.

5. How does the lack of a garage affect daily life and value?
For this property and area, the absence of a garage is common. Buyers must plan for street parking and winter vehicle management. While this can be a drawback for some, it is often factored into the value proposition of central character homes, keeping purchase prices accessible while presenting a potential future improvement opportunity (like adding a parking pad or rear garage, subject to bylaws).