Property Overview: 780 Berkley Street
Key Characteristics, Appeal & Ideal Buyer
This well-established one-and-a-half storey home in Betsworth sits on a generous 5,100 sqft lot, offering more space than most in its immediate area. Built in 1935, its enduring character is matched by a modernized, renovated basement. While it does not have a garage or pool, its appeal lies in its solid foundation, desirable lot size, and a location that ranks highly within its own street and neighbourhood for both property size and recent sale price history. The living area is a practical 1,022 sqft.
The home’s strongest suit is its established setting. It represents a chance to own a property that stands out locally for its lot dimensions and has a history of strong value retention, as indicated by its top-tier neighbourhood ranking for its last sale price. It would suit a buyer looking for a character home with room to grow outdoors, who values a sense of permanence in a mature community over brand-new construction. It’s a practical choice for someone ready to take on a home with good bones in a settled area, where the investment has historically been stable.
Frequently Asked Questions
1. How does the assessed value compare to recent activity?
The current assessed value is $350k. Notably, the home last sold in October 2017 for $268k, a price that ranks in the top 6% for the neighbourhood historically, suggesting a strong value trajectory at that time.
2. What does the "rank by area" and "rank by year" data mean?
These rankings compare this property to others on the same street, in the neighbourhood, and across Winnipeg. For example, its lot size is in the top 3% on its street, meaning it's larger than 97% of its direct neighbours. Its age (1935) ranks in the top 1% on its street, indicating it is older than nearly all surrounding homes.
3. Is the basement living space included in the 1,022 sqft living area?
Typically, "Living Area" refers to above-grade, finished space. The listing specifies a "renovated basement," which is additional space but is usually calculated separately from the official living area figure.
4. What are the implications of not having a garage?
The lack of a garage is a trade-off for the larger lot. It may mean dedicating a portion of the driveway for parking, but it also presents a potential future opportunity to build a garage or shed, subject to local bylaws, thanks to the ample lot size.
5. The home is older—what should I consider?
Built in 1935, the home has stood for nearly a century, which speaks to its build quality. However, a thorough inspection is essential to understand the condition of major aging components like the roof, plumbing, and electrical systems, even with a renovated basement. Its age is a defining characteristic that brings both charm and responsibility.