Property Overview: 260 Berry Street, Winnipeg
Key Characteristics & Appeal
This is a classic two-and-a-half storey home built in 1913, offering 1,340 square feet of living space on a 4,285 sqft lot with a detached garage. Its primary appeal lies in its strong positioning within the established King Edward neighbourhood. While the home itself presents an opportunity for updates, its living space is notably above average for both the street and the area, providing a solid foundation. The assessed value is very typical for King Edward, suggesting it's priced in line with the local market rather than carrying a premium for the area's popularity.
The property would suit a practical buyer who values location and space over modern finishes. It's ideal for someone looking to enter a mature neighbourhood, comfortable with a home that has character and a basement that is functional but not renovated. A buyer with renovation plans or a longer-term vision could find good value here, as the core structure and lot offer potential. It's less suited for those seeking a turn-key property or the largest lot on the block.
Frequently Asked Questions
1. Is the low assessed value a concern?
No, it reflects the typical valuation for this specific neighbourhood. The home's assessment is average for King Edward and Berry Street, indicating it's not an outlier. The city-wide comparison is less relevant due to vast differences between neighbourhoods.
2. How does the living space compare to nearby homes?
Quite favourably. The home ranks in the top 16% on its street and top 8% in the King Edward area for living area, meaning it offers more interior space than most comparable local properties.
3. What should I know about the year built (1913)?
While the age places it below average for newer construction, it is typical for the historic character of the area. Buyers should budget for potential updates to older mechanical systems and plan for a thorough inspection to understand the condition of the original structure.
4. How does the lot size impact the property?
The lot is slightly below average for Berry Street but is typical for the King Edward neighbourhood overall. It provides a standard urban yard space and is not unusually small for the area.
5. What can the 2017 sale price range tell me?
It provides a historical benchmark, showing the property's market position from a previous cycle. For a current valuation, this should be considered alongside more recent sales, market trends, and the home's present condition.