Property Overview: 789 Berkley Street, Winnipeg
Key Characteristics & Appeal
This is a spacious, well-established property offering a rare combination of a large lot and a practical, single-level layout. Its primary appeal lies in its generous 12,996 sqft land parcel, which ranks within the top 3% of all properties in Winnipeg for size, providing exceptional outdoor space for gardening, recreation, or future expansion. The home itself is a solid, 1,359 sqft bungalow from 1974, featuring a finished basement and a versatile attached/detached garage setup. While the house is older, its construction year is notably newer than most on its street, ranking in the top 14% locally.
The property suits buyers prioritizing land over a modern turn-key home. It's ideal for those seeking privacy and room to breathe within the city, such as families wanting a large backyard, hobbyists needing workshop space, or long-term buyers who see value in the lot's potential. Its strong rankings for lot size, assessed value (top 23% in Winnipeg), and living area suggest a property that is both a comfortable home and a standout asset in its market. A thoughtful perspective is that this home offers a "blank canvas" opportunity; the significant equity is in the land, allowing new owners to gradually update the interior to their taste while already enjoying one of the city's larger private lots.
Frequently Asked Questions
1. What does the "attached/detached" garage configuration mean?
This typically indicates a property with both a garage connected to the house and a separate standalone garage or shed, offering flexible space for vehicles, storage, or a workshop.
2. How significant is the lot size ranking in the top 3% for Winnipeg?
It's a major feature. It means this property offers more land than 97% of homes in the city, which is uncommon and often a key driver of long-term value and livability, especially for those desiring space.
3. The house was built in 1974. What should I consider?
While the structure is well-established, prospective buyers should plan for a standard inspection focused on updates to major systems like roof, windows, plumbing, and electrical, which may be due for maintenance or modernization.
4. The community ranking for "newness" is lower. Does that matter?
This reflects that the Betsworth community has many newer homes. It doesn't detract from this property's appeal but contextualizes it as one of the more mature homes in a mixed-age area, often contributing to its larger, established lot size.
5. What is indicated by the high assessment value ranking?
The assessed value ranks higher than the home's size ranking, suggesting the municipal assessment recognizes the significant value contributed by the very large lot, not just the dwelling itself.