Property Overview: 530 Berkley Street, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated Betsworth home presents a compelling opportunity, particularly for its generous 8,748 sqft lot—a size that ranks in the top third for the entire city. The property itself is a renovated one-storey bungalow with a detached garage, offering 914 sqft of living space, which is notably above average for both the neighbourhood and street. Built in 1961, its recent sale history shows steady value appreciation.
The primary appeal lies in its land potential and established location. The lot size is a significant asset, offering ample outdoor space, garden potential, or future expansion possibilities rare in many city neighbourhoods. The home suits first-time buyers or downsizers looking for a manageable, single-level layout with a renovated basement, and appeals to value-conscious investors or renovators who see the underlying value in the large parcel. A thoughtful perspective is that while the house is smaller, its lot size and above-average living area ranking suggest it’s a efficient use of space on a premium plot, offering a balance of immediate livability and long-term potential.
Section 2: Frequently Asked Questions
1. What is the neighbourhood like?
The property is in Betsworth, a mature Winnipeg neighbourhood. The rankings indicate it sits on a street and in an area with a mix of older and newer homes, offering an established community feel.
2. Is the basement finished?
Yes, the basement is noted as being renovated, adding valuable finished living space to the 914 sqft main floor.
3. How does the lot size compare?
The lot is a key feature at 8,748 sqft, significantly larger than typical city lots. It ranks in the top 9% for size across Winnipeg, offering exceptional outdoor space.
4. What does the recent sale history indicate?
The home sold recently in May 2024 for $48.20k, following a previous sale in April 2021 for $42.20k. This indicates a trend of increasing market value over a three-year period.
5. How does this property rank for value?
Its last sale price placed it in the top 20% for value in Winnipeg, suggesting it is perceived as a higher-value property in the broader market, likely influenced by the large lot and renovations.