Property Overview: 205 Thomas Berry Street, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home, built in 1983, presents a practical opportunity in Central St. Boniface. Its key appeal lies in being a relatively modern structure within a historic neighbourhood, offering a balance of contemporary living space and established community charm. With 1,280 sqft of living area, it provides above-average interior space for its immediate street and is on par with the neighbourhood average, making it a comfortable size for a small family or couple.
The property’s standout characteristic is its land. While the 2,740 sqft lot is below average for the area, this translates to less yard maintenance—a notable advantage for buyers seeking a low-maintenance outdoor space without sacrificing the benefits of a detached home with a private lot and detached garage. The home last sold in 2022, indicating a recent market validation.
This property would best suit value-conscious buyers looking for a move-in-ready home (the basement exists but is unrenovated) in a sought-after, walkable neighbourhood. It’s ideal for those who prioritize being in St. Boniface over having a large yard, and for owners who appreciate a home newer than most in the area, potentially offering more modern systems and layout.
Section 2: Frequently Asked Questions
1. Is the assessed value a good indicator of the likely sale price?
Not directly. The assessed value for taxation purposes ($27.4k) is significantly lower than the home's 2022 sale price of $310k. Market conditions, recent renovations, and demand in St. Boniface are the primary drivers of sale price.
2. What does the "below average" land area mean for me?
While the lot is smaller than many in St. Boniface, it requires less upkeep. It’s a trade-off: you gain more free time and lower maintenance costs but have less space for extensive gardening or large outdoor structures.
3. The home is newer than most on the street. What are the implications?
A 1983 build suggests potentially more modern wiring, plumbing, and insulation standards than the neighbourhood's many century homes. This can mean fewer immediate concerns about outdated systems and possibly better energy efficiency.
4. How stable is the property value based on recent sales?
The jump in sale price from $21.5k in 2020 to $310k in 2022 reflects a major shift, likely a substantial renovation or a previous non-arms-length sale. The 2022 price is the relevant benchmark, showing strong value retention in the area.
5. What is the neighbourhood context of this specific street?
Thomas Berry Street appears to be a mix of older and newer homes. This property is one of the newer ones, offering a different character than the historic homes while still providing immediate access to the amenities and atmosphere of St. Boniface.