Property Overview: 246 Berry Street, Winnipeg
Key Characteristics & Buyer Appeal
This one-and-a-half storey home, built in 1927, presents a practical opportunity in Winnipeg's King Edward neighbourhood. With 1,092 sqft of living space and a recently renovated basement, it offers a functional layout on a notably generous 4,868 sqft lot for the area—ranking in the top quarter locally for land size. Its assessed value is modest, positioning it well below the citywide average, which suggests a potentially accessible entry point into the market.
The primary appeal lies in its value proposition and lot potential. It suits first-time buyers or practical investors seeking a home with foundational updates (like the basement) and ample outdoor space in a central location. A less obvious perspective is its appeal to those who value character and incremental improvement; as a home from the 1920s, it offers more charm and lot size than many newer builds in its price range, but likely requires ongoing updates. It’s a property for a buyer comfortable with a home that is average in size and vintage for its immediate street, but which offers a canvas for personalization and benefits from a lot that is larger than most in the broader neighbourhood.
Frequently Asked Questions
1. What is the actual recent sold price?
The available public data shows a sale in September 2016 for an estimated range. For precise, up-to-date sold price history, you can request the exact figures via email from the listing source.
2. How does this home compare to others in the area?
Within the King Edward neighbourhood, the living space is above average, the lot size is well above average, and the assessed value is around the local average. This indicates you’re getting more land relative to other homes locally.
3. What does the "renovated basement" include?
The listing confirms the basement has been renovated, but specific details on the finish quality, ceiling height, permits, or the scope of work (e.g., moisture proofing, electrical) are not provided. This would be a key point for buyer due diligence.
4. Is there parking or a garage?
The listing specifies there is no garage. Parking is likely via street parking or a potential driveway, which should be verified given the large lot size.
5. Why is the citywide assessed value comparison so different?
The assessed value is significantly below the Winnipeg citywide average because this metric includes all property types, including much newer and larger suburban homes. A more relevant comparison is the local neighbourhood average, where it aligns more closely.