Property Overview & Key Characteristics

This property at 417 Beaverbrook Street in Winnipeg's Sir John Franklin neighbourhood presents a unique opportunity. Its key appeal lies in the substantial lot size of over 4,000 sq ft, which is larger than most in the immediate area. The home last sold in 2021 for $250,000, a price point that ranked in the top tier for sales on its street at that time, suggesting strong buyer interest or unique features not fully captured by its current assessed value.

The profile suits buyers looking for a blank canvas or a value-play property. It would appeal to an investor or homeowner with renovation or rebuilding plans, given the significant land value and the potential disparity between the past sale price and the assessed value. It’s also a candidate for someone prioritizing lot size over a move-in-ready home, offering space for gardens, expansion, or future development in a central neighbourhood.

Frequently Asked Questions

1. Why is there such a difference between the 2021 sale price and the current assessed value?
This is not uncommon and can be due to several factors, including significant changes to the property post-sale, differences in valuation methods, or market conditions. It highlights the importance of a current appraisal and understanding the municipality's assessment process.

2. What does the "top 100%" ranking for year built and living area mean?
These rankings indicate this property is the newest and has the largest living area on its street, according to the available data. However, as specific figures aren't provided, it's essential to verify the actual square footage and construction date through a viewing and property documents.

3. Who would be most interested in this type of property?
Primarily, it appeals to buyers with a vision for customization—renovators, builders, or those valuing a large yard in a central location. It may be less suitable for someone seeking a turnkey home without any project work.

4. How does the lot size compare to the neighbourhood?
At 4,081 sq ft, the lot is in the top half for size on Beaverbrook Street and ranks in the top 27% within the wider Sir John Franklin neighbourhood, making it a standout feature for the area.

5. What should I consider when looking at the "related homes" list?
The list includes properties that other viewers have shown interest in, ranging from different streets and assessed values. Use it to gauge the variety of options in the broader area, but note that direct comparisons may be limited due to variations in condition, size, and specific location.