Property Overview: 802 Berkley Street, Winnipeg
Key Characteristics & Appeal
This well-situated one-storey home in Betsworth sits on a spacious 6,120 sqft lot, offering more land than most properties on its street and in the wider neighbourhood. The 873 sqft living area is notably above average for the area, providing comfortable interior space. A key feature is the renovated basement, adding valuable finished square footage. The home includes a detached garage and was built in 1971.
Its primary appeal lies in its combination of a larger-than-average lot and living space within a mature neighbourhood. The recent basement renovation adds modern utility without the need for immediate updates. This property would suit first-time buyers or downsizers looking for a manageable single-level layout with room to breathe outdoors. It also presents a solid opportunity for value-conscious buyers seeking a home with above-average interior space relative to its assessed value, in a neighbourhood where property sizes are typically more modest.
A less obvious perspective is the home's performance as a long-term holding. The significant jump in assessed value from 2016 to the present, coupled with its strong rankings for lot and living area size, suggests it is positioned on a desirable tier within its immediate market—attributes that tend to sustain value over time.
Frequently Asked Questions
1. How does the lot size compare to others?
The 6,120 sqft lot is in the top 25% for size within the entire Betsworth neighbourhood and the top 12% on Berkley Street itself, making it a standout feature for the area.
2. What does the "renovated basement" entail?
The listing confirms the basement has been renovated, but specific details on the finish, rooms, or permits should be verified with the seller or listing agent to understand the full scope and quality.
3. Is the price in line with recent sales?
The last recorded sale was in July 2022 for $410,000. The current assessed value is $36,200. A professional appraisal and market analysis are essential to determine how the asking price relates to current market conditions and the home's updated features.
4. What are the implications of a detached garage?
A detached garage offers flexibility for use as a workshop or separate storage space but requires going outdoors to access your vehicle, a consideration during Winnipeg winters.
5. The home is 55 years old. What should I check?
While the basement has been renovated, it's prudent to have a thorough inspection focusing on the core systems of a 1971 build: the roof, foundation, plumbing, electrical wiring, and heating system, to anticipate any major upkeep.