Property Summary: 341 Berry Street, Winnipeg
Key Characteristics & Appeal
This two-storey home at 341 Berry Street is a standout property in Winnipeg's King Edward neighbourhood, primarily due to its modern build and significant value proposition. Built in 2019, it is a notably newer construction compared to the historic housing stock that dominates its street and area. With 1,388 square feet of living space, it offers more room than most comparable homes nearby, and its renovated basement adds functional space.
The core appeal lies in its exceptional assessed value ranking. It sits in the top 2-3% of homes on its street and in King Edward for this metric, suggesting a strong perceived value relative to its peers. This creates a compelling case for buyers seeking a modern, low-maintenance home without the premium often associated with new builds in older, established areas. The detached garage and a standard-sized lot round out the practical offerings.
This property would best suit buyers who prioritize modern systems and layout over a century-old character home, and who appreciate being in a mature neighbourhood without inheriting the major renovation projects that often come with it. It’s a practical choice for professionals or small families looking for move-in readiness and solid value retention in a central Winnipeg community.
Frequently Asked Questions
1. How can the assessed value be so high compared to nearby homes?
The assessed value reflects the property's modern construction (2019), its above-average living area, and renovated finishes. It is evaluated as a newer asset in an older area, which often commands a higher valuation than neighbouring, older homes that may require updates.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. Prospective buyers should inquire about the finish quality, ceiling height, legal egress, and whether it includes a separate entrance or additional bedrooms.
3. Is the detached garage heated or insulated?
This detail is not provided. Given the Winnipeg climate, this is a key question for anyone considering the property for vehicle storage or as a potential workshop space.
4. The home is newer, but what about the neighbourhood's overall character?
King Edward is an established neighbourhood with homes primarily from the early 20th century. Buyers should be aware that while this house is modern, the immediate streetscape will have a traditional, older-home character, which can be a unique blend of new and old.
5. Why is the city-wide assessed value ranking only "average" compared to its elite local ranking?
This highlights the difference between micro and macro markets. While the home is a top-tier value locally, city-wide rankings include many newer suburban developments and high-end neighbourhoods where average property values are significantly higher, bringing this home's assessment into a broader average range.