Property Overview: 201 Berry Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home in the King Edward neighbourhood presents a practical opportunity. Its key characteristic is a well-above-average living space (1,412 sq ft) for both its immediate street and the wider King Edward area, offering more room than many comparable homes. The basement has been renovated, adding functional space, and the property includes a detached garage.
The appeal lies in its efficient use of a modest, city-sized lot. While the land area is smaller than many, the home itself is generously proportioned, suggesting a thoughtful layout. The assessed value is notably lower than the city-wide average, which may indicate a different property tax perspective compared to newer subdivisions. This is a character home from 1931, appealing to those who value established communities over brand-new construction.
It would best suit a buyer looking for a spacious interior in a central neighbourhood without a premium lot size, potentially a first-time homeowner, downsizer, or an investor attracted to the renovated basement suite potential. It’s for someone who prioritizes living space and a lower assessed value over a large yard or a modern build date.
Section 2: Frequently Asked Questions
1. What does the "Elite" and "Top 9%" ranking for living area actually mean?
It means this home has more living space than 91% of similar homes in the King Edward neighbourhood and 95% of homes on Berry Street itself. Simply put, it's a larger-than-average home for its specific location.
2. Why is the assessed value so much lower than the city-wide average?
Assessed value for property taxes is different from market value. This lower assessment is common for older homes in established central neighbourhoods compared to newer homes in suburban areas, which can result in relatively lower property taxes.
3. The sold price history shows a range. How can I get the exact figure?
The exact sold price is not publicly displayed in detail due to local regulations. You can request it directly via the email prompt on the listing page; the service provides the accurate figure manually at no cost and without marketing spam.
4. The land area is noted as "below average." How significant is this?
The lot is smaller than most on Berry Street and city-wide, but it is very typical for the King Edward area. This reflects an efficient, central urban lot rather than a sprawling yard, which may be a trade-off for the larger interior space.
5. What is a "one-and-a-half storey" home?
This is a classic architectural style where the second floor has sloped ceilings (following the roof line), often creating cozy bedrooms or unique spaces. It's distinct from a full two-storey home and is common in Winnipeg's older neighbourhoods.