Property Summary: 794 Berkley Street, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home on a spacious 5,100 sqft lot offers a practical and comfortable living proposition. Its key features include a renovated basement and a detached garage. The primary appeal lies in its strong positional metrics within the established Betsworth neighbourhood. The property ranks in the top 3% for lot size on its street and in the broader area, offering more outdoor space than most comparable homes. It also boasts a living area larger than 84% of Winnipeg homes, providing above-average interior space for its style.
The home would suit buyers looking for a move-in-ready, single-level layout, potentially downsizers or first-time buyers seeking a low-maintenance footprint without sacrificing room. A thoughtful perspective is that while the home itself was built in 1972 (newer than about half the homes in Winnipeg), its true value driver is the land and location. It presents an opportunity in a mature neighbourhood where the lot itself represents a significant portion of the asset's value, offering potential for future enjoyment or expansion.
Section 2: Frequently Asked Questions
1. What does the "renovated basement" entail?
The listing confirms the basement is renovated, but specifics on finish quality, ceiling height, permits, or moisture control are not provided. A professional inspection is recommended to detail the scope and condition of this work.
2. How does the assessed value relate to the likely asking price?
The property was last sold for its assessed value of $350k in August 2022. In a stable market, this suggests a well-anchored value, but the current listing price will reflect market conditions, updates since the last sale, and seller motivation.
3. Is the neighbourhood actively growing or stable?
The rankings indicate a stable, established area. The home ranks in the top 3% for lot size in the neighbourhood, suggesting it's among the larger properties on a street of mostly older, settled homes, rather than in a new development area.
4. What are the implications of the "detached" garage?
A detached garage offers flexibility and can reduce noise transfer, but it requires going outdoors to access your vehicle. This is a practical consideration for Winnipeg winters, and the condition and proximity of the garage to the house should be evaluated.
5. The home ranks highly for lot size but mid-range for year built. What does this mean?
This combination is common in mature neighbourhoods. It suggests you are purchasing a generous parcel of land with a functional, older home on it. The value is weighted significantly toward the land, which is a finite resource, while the building may require ongoing updates or maintenance consistent with its age.