Property Overview
This home at 596 Beresford Avenue in Winnipeg's Lord Roberts neighbourhood presents a classic, early-1900s character home with a practical footprint. Its key appeal lies in its established location and the potential value it represents. With a living area of 1,163 sqft, the home offers a comfortably sized layout that is very typical for its street and slightly above average for the broader neighbourhood. The lot size of 3,123 sqft provides a manageable outdoor space.
The property’s most notable characteristic is its assessed value, which is significantly below average for the area. This suggests a potential opportunity for buyers comfortable with a home that may require updates or modernization. It suits a first-time buyer looking for an entry point into a mature neighbourhood, an investor seeking a character property with renovation potential, or a practical buyer more interested in location and square footage than high-end finishes. Its century-old charm comes with the understanding that maintenance and systems may need attention.
Frequently Asked Questions
1. Why is the assessed value so much lower than neighbouring homes?
A lower assessment can be due to several factors, including the home's specific condition, outdated interior finishes, or mechanical systems compared to updated homes on the same street. It often indicates a property where the value is primarily in the land and structure, presenting a canvas for the next owner.
2. What should I consider with a home built in 1911?
While offering charm and solid construction, a home of this age likely has original or older plumbing, electrical, and insulation. A thorough inspection is crucial to understand the state of these core systems and to budget for potential updates, which can be a worthwhile investment in a well-located property.
3. How does the lot size compare, and what does it mean for me?
At just over 3,000 sqft, the lot is smaller than many in the city but is fairly standard for central, established neighbourhoods like Lord Roberts. This means lower maintenance and a cozier yard, which can be a benefit for those not wanting extensive outdoor upkeep.
4. The sold price history shows a range from 2017. How useful is that today?
A sale from eight years ago provides historical context but limited direct insight into current value, given market shifts. It's more useful to look at the recent sale prices of the comparable nearby properties listed, which are from the same neighbourhood and era.
5. The home ranks "below average" in several city-wide metrics. Is that a concern?
Not necessarily. City-wide averages include vast amounts of newer suburban development with larger lots and modern assessments. This home's rankings are best understood within its immediate area (Lord Roberts) and street, where it is much more comparable and typical.