Property Overview
This 2016-built bi-level home at 373 Berry Street offers a modern, low-maintenance living option in Winnipeg's King Edward neighbourhood. Its primary appeal lies in being a relatively new construction in an established area, providing a balance of contemporary comfort and mature surroundings. With 1,165 sqft of living space and a renovated basement, the home is move-in ready. The standout feature is its above-average assessed value for the street and neighbourhood, suggesting it is perceived as a premium property within its immediate context. It lacks a garage and pool, prioritizing interior updates and lot space instead, with a 4,513 sqft land area.
This property would suit first-time buyers or downsizers seeking a modern home without the uncertainties of an older build. It's also a practical fit for those who value a renovated basement for extra living space but don't require extensive yard work or large outdoor amenities. The strong assessed value ranking indicates it may appeal to buyers looking for a home with a solid valuation foundation in its community.
Frequently Asked Questions
1. Why is the assessed value so high compared to other homes on the street?
The home is assessed in the top 8% on Berry Street and the top 4% in the King Edward neighbourhood. This is likely due to its recent build year (2016) and renovated basement, which significantly increase its value relative to the area's older housing stock.
2. What does the "bi-level" design mean for daily living?
A bi-level typically has a main living area entered halfway between two floors. This often means a few steps down to a living room and kitchen, and a few steps up to bedrooms. It's efficient but involves more stairs than a bungalow.
3. How does the property compare in size to nearby homes?
At 1,165 sqft, the living area is above average for both Berry Street and the King Edward neighbourhood. However, the lot size is around average for the area, meaning you get a relatively larger home on a standard-sized lot.
4. The home sold in 2021 and 2016. What does that price history indicate?
The sold price ranges show consistent growth from 2016 to 2021, and both sales were at prices well above the average for the street and area at those times. This supports the trend of it being a higher-value property in its locale.
5. With no garage, what are the parking options?
Parking would be limited to driveway and street parking. This is a common trade-off in older neighbourhoods and is an important consideration for households with multiple vehicles or a need for protected vehicle storage.