Property Overview: 753 Berkley Street, Winnipeg
Key Characteristics & Appeal
This is a well-situated, single-storey home in Betsworth, built in 1971. Its primary appeal lies in its exceptionally large, private lot of over 13,300 square feet—a rarity that places it in the top 3% of all properties in Winnipeg for land size. The home itself is modest at 1,180 sqft, with a finished basement, and sits on a quiet street. While the house is of average size and age for its immediate area, its standout feature is the generous, usable outdoor space it offers relative to its community and the wider city.
The property would best suit a buyer who values privacy, space for gardening, recreation, or future expansion over a large or modern interior. It’s a practical home for downsizers seeking single-level living with ample yard, or for families or individuals who prioritize outdoor potential and see the solid, existing structure as a canvas. The strong rankings for lot size against both the neighborhood and city suggest a unique opportunity to secure land in a mature area, which is often a appreciating asset.
Frequently Asked Questions
1. What does the "finished basement" include?
The listing notes a finished basement but does not specify the extent. Buyers should inquire about the finish quality, ceiling height, legal egress, and whether it includes a bathroom or separate entrance to fully understand the livable space.
2. Why is there no garage, and is adding one feasible?
The property has no garage. Given the vast lot size, adding a detached garage or workshop is likely very feasible from a space perspective, but would require checking local zoning bylaws and setback requirements.
3. How does the 1971 build year affect the home?
A home from this era may have original components, like windows, roof, or major systems, nearing the end of their lifespan. A thorough inspection is crucial. On a positive note, it often means straightforward construction and larger room proportions compared to newer homes.
4. The lot is huge, but what is its actual condition and utility?
It's important to assess whether the land is fully usable—check for any odd shapes, easements, or environmental factors like mature trees or drainage. The value is in usable, flat space, not just total square footage.
5. The assessment value is below the asking price. What does that mean?
Municipal assessments are for tax purposes and often lag behind market value. The price is set by the current market. The assessment here is a baseline; the premium is likely attributed to the highly desirable and scarce large lot.