Property Summary: 541 Beaverbrook Street, Winnipeg

Section 1: Key Characteristics & Appeal

This one-and-a-half storey home, built in 1949, presents a practical and updated living space in Winnipeg's J.B. Mitchell neighbourhood. Its key features include a renovated basement and a detached garage. With 1,008 sqft of living area and a 4,081 sqft lot, the home sits around the average size for its immediate street but offers a more compact and manageable footprint compared to many city-wide properties.

The appeal lies in its balance of updates and traditional character, situated on a street where its assessed value ranks above average—suggesting it is viewed favorably relative to its direct neighbours. The recent sale in mid-2024 indicates a active, current market for the home. It would suit first-time buyers or downsizers looking for a lower-maintenance property without a major renovation project, thanks to the updated basement. It’s also a sensible fit for those who value a neighbourhood setting where the property stands on solid, comparative financial footing more than on having a large lot or square footage.

A less obvious perspective is that its "around average" size on the street could be an advantage, offering a sense of proportionality and avoiding the property tax burdens or maintenance that can come with being the largest home on the block. Its age and location in J.B. Mitchell place it in a mature community with established infrastructure.

Section 2: Frequently Asked Questions

1. How does the assessed value compare, and what does it mean?
The home's assessed value is $40,900, which places it in the top 25% on Beaverbrook Street itself. This suggests the property is assessed higher than most on its block, which can be a marker of its condition or desirability within that specific location, even if it's around average for the wider city.

2. Is the living space small?
At 1,008 sqft, it is below the Winnipeg city-wide average. However, it is very close to the average for both the J.B. Mitchell area and Beaverbrook Street specifically. This indicates the home is typical for its established neighbourhood, catering to efficient, rather than expansive, living.

3. What is the significance of the renovated basement?
A renovated basement adds immediate functional living space without the need for a future project. It can serve as a family room, home office, or additional bedroom space, effectively increasing the usable area of this 1,008 sqft main-floor footprint.

4. The lot size seems smaller than city averages. Is that a concern?
The lot is approximately 4,081 sqft, which is below the Winnipeg average but near the average for Beaverbrook Street. This typically translates to less yard maintenance, which can be a benefit for buyers seeking a simpler outdoor space, while still providing room for a garden, patio, and the detached garage.

5. The home sold recently in 2024. Why is that information important?
The sale price from June 2024 provides a very current, real-world benchmark of the home's market value, which is more relevant than older sales data. It shows the property is in active market circulation and gives a concrete price point for recent comparison.