Property Overview: 790 Berkley Street, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated bi-level home at 790 Berkley Street presents a solid opportunity in the Betsworth neighbourhood. Its primary appeal lies in a combination of above-average living space and a generous, established lot. With 829 sqft of living area, it ranks within the top 7% on its street and top 4% in the neighbourhood for size, offering more interior room than many comparable properties. The 5,100 sqft lot is also a significant asset, placing it in the top 3% locally, providing ample outdoor space for gardening, play, or expansion.
A key feature is the renovated basement, adding valuable finished space and modern convenience. The home suits first-time buyers seeking a move-in-ready property with room to grow, or practical investors looking for a property with strong fundamentals in a stable area. Its assessed value has remained consistent, and the 2017 sale price suggests a history of value retention. A thoughtful perspective is that while the home itself is from 1972, its generous proportions of both house and lot are increasingly rare in new builds, offering a classic neighbourhood feel with updated living spaces.
Section 2: Frequently Asked Questions
1. What is the neighbourhood like?
The property is in a mature, established part of Betsworth. Rankings indicate it sits on a street and in a micro-neighbourhood where property sizes and values are consistently above average, suggesting a stable, well-regarded location within the wider area.
2. Is the detached garage a standard size?
While the listing confirms a detached garage, specific dimensions are not provided. Given the above-average lot size, there is likely adequate space for parking and storage, but viewing or requesting measurements is recommended.
3. What does "renovated basement" include?
The listing notes the basement is renovated but does not specify the scope. It’s important to ask about the finishes, ceiling height, permits, and whether it includes a bedroom, bathroom, or legal secondary suite potential.
4. How does the assessed value compare to the likely asking price?
The assessed value is $37,800k, a figure used for municipal tax purposes. It is a historical snapshot and not a market valuation. The 2017 sale was at $29,500k; a current market assessment would be needed to understand today's listing price in context.
5. What are the long-term prospects for this property?
The core strengths—a larger-than-average lot and living space in a top-ranked local setting—are permanent attributes that typically support long-term value. These fundamentals, combined with the renovated basement, position it as a property with inherent equity, appealing to buyers looking for a home rather than just a house.