Property Overview: 806 Berkley Street
Key Characteristics & Appeal
This 1971-built, single-storey home sits on a notably large 6,120 sqft lot in the Betsworth neighbourhood. Its primary appeal lies in a combination of space, recent investment, and relative value. The living area of 1,008 sqft is above average for both the immediate street and the wider neighbourhood, offering more interior room than many comparable properties. A key feature is the renovated basement, adding functional living space. While the home lacks a garage, the substantial lot presents a significant opportunity for gardening, expansion, or outdoor living.
The property’s metrics suggest it suits practical buyers looking for a solid foundation. It would appeal to those who value a larger yard over a newer build, and to owner-occupants or investors who see potential in a home with a recently updated basement on a sizable plot. The assessed value ranks highly on its street, indicating it is considered a stronger asset in its immediate locale, which could appeal to buyers focused on long-term value within a specific community rather than just city-wide comparisons.
Frequently Asked Questions
Q: How does the lot size compare to typical properties in Winnipeg?
A: At 6,120 sqft, the lot is significantly larger than average for Winnipeg, ranking in the top 30% city-wide. This is one of the property's standout features.
Q: The home was built in 1971. What should I consider?
A: While the building itself is older, the renovated basement indicates some modernization. A thorough inspection would be advised to understand the condition of major systems like roof, wiring, and plumbing common to homes of this era.
Q: The home sold in March 2023. Why is it back on the market?
A: The reason for the quick turnaround is not provided in the data. This is a point for direct inquiry with the seller or their agent.
Q: There's no garage. How does parking work?
A: The listing confirms there is no garage. Buyers should investigate driveway space or on-street parking permits, as the large lot may offer room to add a parking pad or structure, subject to local bylaws.
Q: The assessed value is high for the street, but the last sale price was lower. What does this mean?
A: The assessed value ($34.4k) is used for tax purposes and suggests the municipality views it as a top-tier property on Berkley Street. The March 2023 sale price ($37.3k) was a market transaction. The difference can be due to timing, condition at sale, or market dynamics, and a current appraisal would provide the best guidance for today's value.