Property Overview & Key Characteristics
This well-situated one-storey home at 795 Berkley Street offers a compelling blend of space, modern age, and established value. Built in 2007, it sits on an exceptionally large lot of nearly 13,000 sqft, placing it in the top tier for land size within its street, neighbourhood, and the wider Winnipeg area. With 1,842 sqft of living space, the home is above average in size for its immediate area. It features an attached garage and a basement (not renovated), but no pool.
The primary appeal lies in its rarity as a newer construction on a substantial parcel of land in an established neighbourhood. This combination is increasingly uncommon and provides both the benefits of a relatively modern build and significant outdoor space with potential. The property’s strong rankings in assessed value and recent sold price (670k in June 2023) against local comparables suggest it is a high-performer in its market segment.
This home would best suit buyers who prioritize lot size over a multi-level layout and seek a move-in-ready, modern bungalow. It’s ideal for those wanting room for gardens, play, or future additions, without taking on an older home’s renovation projects. The large, flat lot could also appeal to buyers with accessibility needs or who simply prefer single-level living with ample room to breathe.
Frequently Asked Questions
1. How does the lot size compare to typical properties?
The lot is a standout feature at 12,894 sqft, ranking in the top 11% of the neighbourhood and top 3% city-wide. It is significantly larger than average, offering rare potential for expansion, recreation, or landscaping.
2. The home sold in 2023. What does that recent sale price indicate?
The June 2023 sale price of $670,000 ranked in the top 4% for Winnipeg at that time, strongly indicating the property is perceived as a premium offering within its category, likely due to the lot and home size combination.
3. Is the basement finished?
The listing specifies the basement exists but is "not renovated." Buyers should budget for finishing this space to suit their needs, though it provides valuable foundational square footage.
4. The home was built in 2007. What are the pros and cons of this age?
A 2007 build offers modern construction standards, wiring, and likely efficient windows and systems, minimizing immediate major repairs. However, it may be due for updates to decor, appliances, or roofing materials as they reach their typical lifespan.
5. How does the assessed value relate to the market price?
The assessed value of $63,400 is for municipal tax purposes only and is not an indicator of market value. The recent sale price of $670,000 is the relevant market benchmark. The high ranking of the assessed value (top 5% in Winnipeg) suggests the city also views it as a high-value property within its tax roll.