Property Overview
788 Berkley Street is a classic one-storey home in Winnipeg's Betsworth neighbourhood. Built in 1925, it sits on a large 5,900 sqft lot and features a detached garage and an unrenovated basement. Recent sales data shows activity in 2020 and 2023, with a current assessed value of $29,700.
Key Characteristics & Appeal
This property’s primary appeal lies in its generous lot size, which ranks within the top 13% of the neighbourhood, offering significant outdoor space and potential in a well-established area. The home itself, with over 1,000 sqft of living space, is sized practically for a small family or a couple. Its strongest suit is its location within Betsworth, with the street ranking in the top 8% locally, suggesting a desirable and consistent streetscape.
It would suit a value-conscious buyer looking for a solid foundation—someone comfortable with a home that may require updates but offers a large yard and a proven location. It’s also a potential fit for an investor, given the clear activity and demand shown in recent sales. A less obvious perspective is that the home’s age and unrenovated state, while a project, provide a genuine blank canvas without the premium of already-completed, potentially subjective renovations.
Frequently Asked Questions
1. What does the assessed value of $29,700 mean?
The assessed value is for municipal tax purposes and is typically much lower than market value. The recent sale in July 2023 for $30,600 is a more current indicator of its market price.
2. Is the basement finished?
No, the basement is noted as "not renovated," meaning it is unfinished and presents an opportunity for future development.
3. How does the lot size compare to others?
The 5,900 sqft lot is a key feature, ranking in the top 13% for the neighbourhood, which is significantly larger than average.
4. What is the neighbourhood like?
The data indicates Betsworth is a stable area. This specific street ranks highly within the neighbourhood (top 8%), suggesting it is one of the more desirable blocks.
5. Why are there two recent sale prices listed?
The property sold in January 2020 for $240,000 and again in July 2023 for $30,600. The 2023 sale likely represents a significantly different circumstance (such as a transfer between family members or a corporate adjustment) and is not a typical arms-length market transaction. The 2020 price is a more relevant benchmark for market value.