788 Beverley Street

Property Overview & Key Characteristics

This one-and-three-quarter storey home, built in 1905, presents a classic Winnipeg character property with notable potential. Its appeal lies in a combination of established location, generous lot size, and a value-oriented entry point into the Daniel McIntyre neighbourhood. At 1,280 sqft of living space on a 2,492 sqft lot, it offers room to grow. The home ranks highly for its lot size within Winnipeg (top 4%) and its assessed value sits in the top 10% city-wide, suggesting a solid underlying value proposition for the area. Recent sales in 2020 and 2023 show steady appreciation. The basement exists but is noted as not renovated, indicating a clear opportunity for future improvement. This property would suit a buyer looking for a character home with good bones, who is comfortable with a project—whether immediate or over time. It’s a practical choice for those prioritizing lot size and location over move-in-ready finishes, appealing to first-time buyers, investors, or renovators who see value in the fundamentals.

Frequently Asked Questions

1. What does "One & 3/4 Storey" mean for the layout?
Typically, this style features a full main floor and a second floor where the roofline slopes into the walls, creating some rooms with sloped ceilings or slightly reduced square footage on the upper level. It’s a charming, classic design common in homes of this era.

2. The assessed value is much lower than recent sale prices. Why?
Municipal assessed value is for tax purposes and often lags behind the current market. The consistent increase in sale price (from $190k in 2020 to $210k in 2023) is a more accurate indicator of its market value and the trend in the area.

3. What are the implications of the "not renovated" basement?
This means the basement is in original or utility condition. It presents both a blank canvas and a consideration for budget. Buyers should factor in costs for any desired finishing and should have an inspection to confirm the foundation, moisture levels, and mechanical systems.

4. The home ranks highly for lot size but lower for living area on its street. What does this indicate?
This suggests the house itself may be modest relative to its property footprint. For the right buyer, this is an advantage: it offers more outdoor space and potential for future expansion (like an addition or garage), subject to local zoning.

5. How does the age of the home (121 years) factor into decision-making?
Character and solid construction are major benefits. Key considerations will be the condition and age of major systems (roof, wiring, plumbing, windows) and the potential for historical features. An inspection is crucial to understand what updates have been made and what may be needed.