Property Overview: 758 Berkley Street
Section 1: Key Characteristics & Appeal
This well-situated bi-level home at 758 Berkley Street presents a practical opportunity in the Betsworth neighbourhood. Built in 1972, its key feature is a renovated basement, adding valuable finished living space to the 996 sqft main footprint. The property sits on a generous 6,353 sqft lot, which is notably larger than most in the immediate area, offering ample outdoor space for gardening, play, or expansion.
Its appeal lies in a balance of space, updates, and location metrics. The home ranks highly for its lot size and newer age relative to its own street, suggesting it stands out positively among its closest comparables. It would suit first-time buyers seeking a move-in-ready basement, downsizers looking for a manageable home with a large yard, or value-focused investors attracted by the below-average assessed value and the potential indicated by the significant price increase between its 2021 sale and current assessment.
A less obvious perspective is the home’s apparent consistency. Its rankings for living area, assessed value, and year built are fairly stable across street, neighbourhood, and city comparisons, indicating it is a typical, established property for Winnipeg without extreme outliers—a stable choice in a mature community.
Section 2: Frequently Asked Questions
1. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. A professional inspection is recommended to determine the finish quality, legal compliance, and the nature of the renovations (e.g., flooring, ceilings, plumbing).
2. How does the sold price from 2021 relate to today's value?
The home sold for $31,300 in October 2021 and is now assessed at $35,700. This increase reflects market changes and the assessed value for tax purposes, but the current market price will be determined by recent comparable sales and present condition.
3. Is the detached garage a standard size?
The listing notes a detached garage but does not provide dimensions. Viewing the property is necessary to confirm its size and condition.
4. The lot is large for the street. Are there any restrictions on its use?
While the 6,353 sqft lot is in the top 18% for size on Berkley Street, local zoning bylaws will govern what can be built (e.g., additions, sheds). Verification with the city planning department is advised for any specific plans.
5. How does the neighbourhood ranking affect livability?
Rankings show the property sits in the top third of the Betsworth neighbourhood for metrics like lot size and year built. This suggests it is among the more desirable properties within this established area, but buyers should explore the neighbourhood personally to assess its fit for their lifestyle.