Property Overview: 576 Beresford Avenue, Lord Roberts, Winnipeg
Section 1: Key Characteristics & Appeal
This home is a classic, compact character property built in 1910, situated on a standard city lot in the established Lord Roberts neighbourhood. Its primary appeal lies in its position as an accessible entry point into a desirable central area. With a living area of 808 sq ft, it is notably smaller than most comparable homes locally and city-wide, indicating a cozy, manageable footprint.
The property suits first-time buyers, downsizers, or investors seeking a lower-priced opportunity in a prime location. Its below-average assessed value relative to the street and city suggests a potentially lower property tax burden and a value proposition for those willing to update or maintain a character home. A thoughtful perspective for buyers is to see the smaller size not just as a limitation, but as a chance for efficient, minimalist living with lower utility and maintenance costs. The lot size, while below average for the street, is typical for the neighbourhood, offering a balanced outdoor space without being overwhelming to care for.
Section 2: Frequently Asked Questions
1. How does the home's size compare practically?
At 808 sq ft, the living space is significantly smaller than the local average (approx. 1,177 sq ft on Beresford Ave). This points to a efficient, traditionally laid-out floor plan typical of its era, best suited for individuals, couples, or small families.
2. What does the assessed value indicate?
The assessed value of $24,300 is below average for both the street and the city. This often correlates with a lower annual property tax bill. It generally reflects the home's smaller size, age, and market position rather than condition, which should be verified via a viewing and inspection.
3. What is the significance of the 1910 build date?
As a 116-year-old home, it offers classic character but requires a buyer comfortable with the maintenance and potential updating needs of a century-old structure. Systems like wiring, plumbing, and the foundation should be a focus during an inspection.
4. What can recent sale data tell us?
The home sold in the $250k-$300k range in 2022. This recent transaction provides a concrete benchmark for its market value, showing it as a more affordable option within the Lord Roberts area.
5. Who might this property not suit?
It may not be ideal for those requiring substantial living space, modern open-concept layouts, or who prefer a home requiring no immediate updates. The smaller scale and vintage nature are key defining characteristics.