Property Overview: 268 Berry Street, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home in King Edward presents a classic Winnipeg character property with practical potential. Built in 1913, its key features include 1,143 sqft of living space, a detached garage, and a notably generous 5,322 sqft lot that ranks well above average for the neighbourhood. The home has a full, unrenovated basement, offering a blank canvas for development.
The primary appeal lies in its land value and location within a well-established community. The lot size is a significant asset, providing ample outdoor space and future possibilities that are increasingly rare in central neighbourhoods. While the living space is modest and the assessed value is below city averages, this positions the property as an accessible entry point into the market. It would suit a hands-on buyer looking for a character home with room to grow, whether that's through gradual renovations, a potential addition, or simply enjoying larger-than-average green space. It's a property where the value is grounded more in its land and long-term potential than in its current finishes.
Frequently Asked Questions
1. What does "one-and-a-half storey" mean for this home?
Typically, this style features a full main floor with a second level under a sloped roof, often containing smaller bedrooms or cozy spaces. It's a charming, traditional layout common in Winnipeg's older neighbourhoods.
2. The assessed value seems low. What does this indicate?
The below-average assessment primarily reflects the home's age and unrenovated state, not necessarily its market price. It can, however, suggest a relatively lower property tax burden, which is an important ongoing cost for buyers to consider.
3. How significant is the lot size?
At over 5,300 sqft, the lot is a major feature. It's substantially larger than many in King Edward, offering more privacy, yard space, and future flexibility than is typical for the area.
4. What should I know about an unrenovated basement?
This means the basement is in original or functional condition but not modernized. It provides essential space for utilities and storage, but any finishing for living space would be a future project. It's crucial to have its foundation and moisture management professionally inspected.
5. Who are the typical neighbours in King Edward?
King Edward is a long-established, residential neighbourhood with a mix of long-time residents and newer families. It offers a quiet, community-focused setting with good access to local amenities and downtown.