Property Overview: 673 Beaverbrook Street

Key Characteristics & Appeal

This two-storey home, built in 1956, stands out for its above-average space and value within its established J.B. Mitchell neighbourhood. With 1,416 sqft of living area, it offers significantly more room than most comparable homes on its street and in the immediate area. Its renovated basement adds functional living space. The property’s assessed value of $560k places it in the top tier of the neighbourhood, suggesting a well-maintained or updated home in a desirable location.

The appeal lies in its proven position as a premium property within a local context. It’s not just a standard home; its metrics indicate it has been a high-performer relative to its peers. The lot size is standard for the street but smaller than the neighbourhood average, which may translate to less yard maintenance—a potential plus for some buyers. It would best suit buyers looking for a move-in-ready, spacious character home in a mature area, who value a property that already holds a strong positional value within its community rather than a fixer-upper project.

Frequently Asked Questions

1. What does the "Elite" ranking for assessed value in J.B. Mitchell mean?
This indicates the home’s official assessed value is in the top 2% of all 307 comparable properties in the neighbourhood. It typically reflects a combination of the home’s size, condition, improvements, and its specific location on the street.

2. The last sold price shown is much lower than the current assessed value. Why?
The listed sale from 2020 is a historical data point. The significant increase to the current $560k assessment likely reflects major renovations (like the basement update), strong market appreciation in the area, or a combination of both.

3. Is the smaller lot size for the neighbourhood a concern?
It depends on your priorities. The lot is average for Beaverbrook Street itself. While below the wider neighbourhood average, it often means less outdoor upkeep. The value metrics suggest the home’s living space and condition have outweighed any premium typically placed on larger lots here.

4. How does the age of the home (1956) affect things?
Being newer than most homes on the street is a slight advantage, potentially meaning updates to core systems may have already been addressed. However, as with any home nearly 70 years old, a thorough inspection of the roof, wiring, and plumbing is always recommended.

5. The detached garage is noted. What are the implications?
A detached garage offers flexibility and can reduce noise transfer from the driveway to the house. It may also present an opportunity for a workshop or separate storage space. Consider your comfort with accessing it in Winnipeg winters versus the convenience of an attached structure.