Property Overview: 231 Berry Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home in King Edward presents a compelling blend of space, location, and value. Its key characteristic is an unusually large lot—nearly 7,000 sqft—placing it in the top 2% of properties in the neighbourhood for land area. This offers significant outdoor potential, from gardens to expansion, in a city where such spacious plots are rare. The living area (1,490 sqft) is also comfortably above average for both the street and the area, providing ample interior space.
The appeal lies in this generous footprint combined with a recently renovated basement and a detached garage. It suits practical buyers who value space over flash, such as families seeking room to grow, hobbyists or gardeners wanting a large yard, or value-conscious investors attracted by the below-average citywide assessed value. It’s a home for those who see potential in solid fundamentals—a character home from 1914 on a premier-sized lot—rather than a turnkey modern build.
Section 2: Frequently Asked Questions
1. Is the low assessed value a concern?
Not necessarily. The assessed value is around average for the immediate area and street, but is below the citywide average. This can indicate a favourable property tax situation relative to the amount of land and living space you’re acquiring.
2. What does the sold price history indicate?
The home sold recently (November 2024) for between $305,000 and $335,000. This range sits well above its assessed value, which is common, and places it in the top 18-28% for sale prices in the King Edward area, suggesting strong market recognition for its attributes.
3. How should I interpret the "below average" year built (1914)?
This simply means most homes in Winnipeg are newer. For a home of this era, condition and updates are more important than age itself. The renovated basement is a positive sign, but a thorough inspection is crucial to understand the state of major systems.
4. What makes the lot size so significant?
At 6,972 sqft, the lot is exceptionally large for the city. This isn't just about a big yard; it provides rare privacy, space for additions like a suite or workshop (subject to zoning), and long-term value that smaller lots cannot offer.
5. Who are the typical neighbours or buyers in this area?
King Edward is an established, central neighbourhood. The property data shows homes here range from smaller, older character homes to renovated properties. Buyers are often a mix of long-term residents, young families attracted to the space and relative value, and those wanting a central location without a downtown price tag.