Property Overview & Appeal
This one-storey home at 257 Berry Street in Winnipeg's King Edward neighbourhood is a compact, character property built in 1927. Its key characteristic is its modest 770 sqft living area, which is below average for the street, neighbourhood, and city. This is balanced by a renovated basement and a detached garage. The lot size of 3,854 sqft is typical for the area. The home’s assessed value is consistently around the average for its immediate vicinity.
The appeal lies in its practicality and location. It represents a more accessible entry point into the housing market, particularly for the King Edward area. The renovated basement adds functional living space, making the home more efficient than the main floor square footage alone might suggest. It would suit first-time buyers, downsizers, or investors looking for a manageable, no-fuss property in an established neighbourhood. Its "around average" valuation for the street and area suggests it's priced in line with local expectations, not carrying a premium for size or newness.
A less obvious perspective is that a home of this size and vintage on a decent lot offers a clear opportunity for efficient living without the burden of maintaining unused space. For the right buyer, its below-average citywide metrics highlight its potential as a value-oriented choice in a broader market where average homes are larger and newer.
Frequently Asked Questions
1. Is the living space too small?
At 770 sqft on the main floor, it is a compact home. However, the renovated basement provides additional finished space, which significantly increases its usable living area and functionality.
2. How does the assessed value compare to the likely selling price?
The assessed value is approximately $24,700, which is typical for similar homes on this street and in King Edward. It's important to note that assessed value for tax purposes is different from market value; recent sold prices in the area and the condition of the home will be the primary drivers of the sale price.
3. What is the neighbourhood like?
King Edward is an established, central Winnipeg neighbourhood. The property rankings show this home is very typical for the area in terms of age, value, and lot size, indicating a consistent, mature community character.
4. Are there any major concerns with a house built in 1927?
As with any home nearly 100 years old, the condition of core systems like wiring, plumbing, and the foundation should be verified by a professional inspection. The age is typical for the street, which averaged being built in 1941.
5. You mention a previous sale in 2021. What was the price?
Public data indicates a sold price range between $19,500 and $22,500 in August 2021. For the exact sale price, you can request the information via email from the listing source.