Property Overview: 558 Beresford Avenue, Lord Roberts, Winnipeg
Section 1: Key Characteristics & Appeal
This home, built in 1912, is a classic character property situated in the established Lord Roberts neighbourhood. With 1,366 sqft of living space, it offers more room than many comparable homes on its street and within the area, ranking in the top quarter locally for size. The assessed value is modest relative to the city-wide average, which can indicate a different property tax outlook compared to newer subdivisions.
Its primary appeal lies in its location and proportion. It represents a solid entry point into a mature, central neighbourhood, offering the charm and space of an older home without an extreme premium. The lot, while smaller than many on Beresford Avenue, is fairly typical for the Lord Roberts area, suggesting a manageable outdoor space.
This property would best suit a practical buyer who values character and location over modern finishes or a large yard. It’s ideal for someone looking for a home with good interior space in a central community, who is either comfortable with the maintenance needs of a century-old home or sees it as a candidate for gradual updates. It may also appeal to an investor seeking a property with a stable tenant base in a desirable area, given its straightforward valuation.
Section 2: Frequently Asked Questions
1. What does the "below average" city-wide ranking for lot size mean practically?
While the lot is smaller than the Winnipeg average, it is actually around average for the Lord Roberts neighbourhood. This typically means a more manageable yard for maintenance and a streetscape where homes are closer together, contributing to the area's established, community feel.
2. The home sold between $250k-$300k in 2023, but the assessed value is much lower. Why?
In Manitoba, assessed value for property tax purposes is not the same as market value. It is based on a mass appraisal system and is often significantly lower than what a home sells for on the open market. The assessed value should not be used as a direct indicator of listing or sale price.
3. As a 1912 home, what should I be most mindful of?
Prospective buyers should prioritize inspections for foundational integrity, roof condition, and updates to major systems like wiring, plumbing, and heating. The charm of an older home comes with the responsibility of understanding its maintenance history and potential need for upgrades.
4. How does its living area compare to nearby newer builds?
The listing shows newer homes on the same street (e.g., 504 & 506 Beresford, built 2019) have smaller living areas (under 1,000 sqft) but higher assessed values. This highlights a trade-off: this 1912 home offers more interior space, while newer builds may offer modern efficiencies and finishes at a different price point.
5. What is the neighbourhood context of Lord Roberts?
Lord Roberts is a central, mature neighbourhood near amenities like Corydon Avenue, with a mix of historic character homes and newer infill development. The property's metrics suggest it is a very typical home for this specific area—neither the largest nor the smallest, offering a balanced example of what the community has to offer.