Property Overview: 6-517 Beresford Avenue, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This is a 750 sqft unit in a well-established, early 20th-century building on Beresford Avenue in the Lord Roberts neighbourhood. Built in 1913, it carries the character and solid construction of its era. The appeal here is grounded in value and location. With an assessed value of $170,000 and a recent sale history between $150,000-$200k, it presents a notably accessible entry point into the Winnipeg market, especially for a central neighbourhood. Its living space is modest but functional, ranking above average for its own small street.
The property suits first-time buyers or pragmatic investors seeking a low-barrier-to-entry asset. Its older building date means potential charm but also suggests that a discerning buyer should be comfortable with the maintenance rhythms of a century-old structure. A thoughtful perspective is that while its metrics are "below average" in wider comparisons, this precisely defines its opportunity: it offers the benefits of a mature, central community without the premium price tag of newer or larger builds, prioritizing location over modern specs.
Frequently Asked Questions
1. What does the "below average" ranking for assessed value actually mean?
It means that, compared to most homes across Winnipeg, this unit’s official assessed value is on the lower end. This typically translates to a more affordable purchase price and correspondingly lower property taxes, which is a key part of its value proposition.
2. The building is from 1913. What should I consider?
While the building is historically solid, systems like plumbing, electrical, and windows may be older or have been updated over time. A thorough inspection is essential to understand the condition of these elements and to budget for any potential updates or maintenance specific to an older building.
3. How does the living area compare to nearby units?
At 750 sqft, this unit is actually slightly larger than the average for other units on Beresford Avenue itself. However, it is more compact than the average home in the broader Lord Roberts area and across the city. This indicates a efficient, likely well-proportioned space for its building type.
4. Who manages the building, and what are the condo or co-op fees?
The provided data does not include this critical information. For any multi-unit property, you must request the financial statements, bylaws, and details on monthly fees, reserve fund status, and management structure to fully understand your costs and obligations.
5. The sold price is shown as a range. How can I get the exact figure?
As noted, exact sale prices are not publicly listed in Manitoba. The listing service offers to provide the precise historical sold price via email request, which they handle manually without using your email for marketing spam.