Property Overview: 514 Beresford Avenue, Lord Roberts, Winnipeg
Key Characteristics & Appeal
This home is defined by its generous proportions and established location. Built in 1905, it offers a substantial 1,664 sqft of living space, which ranks in the top 10% for its street and the top 5% within the desirable Lord Roberts neighbourhood. It sits on a large 6,247 sqft lot, providing ample outdoor space that is well above the local average. While its assessed value is around the neighbourhood average, the combination of a large interior and a sizable lot in a central area presents a notable value proposition, especially when compared to city-wide metrics.
The appeal lies in the opportunity to own a character home with significant space, both inside and out, in a mature, tree-lined community. It suits buyers who prioritize square footage and land size over modern construction, and who are likely prepared for the maintenance or thoughtful updating that comes with a century-old home. It’s a practical choice for those seeking room to grow or garden, and who value a established neighbourhood feel over a newer build.
Frequently Asked Questions
1. What does the assessed value tell me about the potential price?
The assessed value of $28,500 is used for calculating property taxes and is often different from market value. Here, it’s around the average for Lord Roberts, suggesting the home is not overtaxed relative to the area, but the final sale price will be determined by current market conditions and the home’s specific features.
2. The home is from 1905. What should I consider?
While offering classic charm and robust construction, a 121-year-old home will likely require diligent maintenance and potentially updates to mechanical systems like wiring, plumbing, or insulation. A thorough pre-purchase inspection is essential to understand the condition and any needed investments.
3. How does the lot size compare to newer homes?
The lot is a significant asset at over 6,200 sqft, ranking in the top 11% on the street. This is considerably larger than many modern lots, offering rare potential for gardening, expansion, or outdoor living in a central neighbourhood.
4. The home last sold between $250k-$300k in 2022. How useful is that price today?
It provides a historical benchmark, but the market can change significantly in a few years. It’s best used as a reference point alongside recent sales of comparable properties in the area to gauge current value.
5. What is the neighbourhood of Lord Roberts like?
Lord Roberts is a mature, central Winnipeg neighbourhood known for its character homes, tree-lined streets, and convenient location near amenities, parks, and major routes. The high ranking of this home’s living area within the area indicates it offers more space than most local properties.