Property Overview: 805 Berkley Street
Key Characteristics & Appeal
This home presents a unique blend of space and practicality. Its primary appeal lies in its expansive, approximately 10,700 sqft lot, which places it in the top 5% of all properties in Winnipeg for land size. This offers exceptional outdoor potential for gardening, recreation, or future expansion. The property is a well-maintained bi-level built in 1971, featuring a finished basement and a detached split garage. While the 828 sqft living area is modest and typical of its era, the finished basement effectively expands the usable space.
Its appeal is grounded in value for land and location within Betsworth. The property ranks highly within its own community, surpassing 81% of homes in the neighborhood for lot size. It suits buyers who prioritize a large, private yard over a large interior footprint—ideal for those with hobbies, pets, or who simply cherish outdoor space. It would also fit a practical buyer looking for a solid, entry-level home with a finished basement for extra flexibility, who is comfortable with a floorplan from the 1970s. A less obvious perspective is that a lot of this size in a mature neighborhood represents a long-term asset; the land itself holds significant value and potential that newer subdivisions often can't match.
Frequently Asked Questions
1. How does the "ranking" system work?
The rankings compare this property against others on its street, in Betsworth, and across all of Winnipeg for specific metrics like lot size or age. For example, being in the "top 5%" for lot size in Winnipeg means 95% of homes have a smaller lot. It's a quick way to gauge its relative standing.
2. Is the living space too small?
At 828 sqft above grade, the living area is compact. However, the finished basement provides additional room. This layout suits those who live efficiently or spend significant time outdoors, making the large yard a natural extension of the home.
3. What does the assessment value tell me?
The municipal assessment of $388,000 is for tax purposes and is a historical snapshot. It can be a general indicator of value, but the market price is determined by current buyer demand, condition, and recent comparable sales.
4. What are the considerations with a 55-year-old bi-level?
Homes from this era are generally solidly built but will have aging components. A thorough inspection is crucial to understand the condition of major systems like roof, windows, plumbing, and electrical, and to plan for future updates.
5. Why is the lot size such a standout feature?
A lot of over 10,000 sqft in a city is increasingly rare. It offers unparalleled privacy, space for additions like a shed or workshop, and a sense of openness that is hard to find without moving to a rural area, all while being within an established community.