Property Overview: 250 Berry Street, Winnipeg
Key Characteristics & Appeal
This two-storey home, built in 1918, presents a classic character property on a notably generous lot. Its primary appeal lies in the combination of above-average interior space (1,314 sq ft) and an exceptionally large, private yard (6,492 sq ft), which ranks in the top 4% for lot size within the King Edward neighbourhood. While the basement exists, it is noted as unrenovated, and the property does not include a garage or pool.
The home suits practical buyers who value space and potential over turn-key perfection. It’s an ideal canvas for someone comfortable with gradual updates, where the significant land parcel offers immediate value for gardening, outdoor living, or future expansion. The assessed value is modest relative to the city-wide average, suggesting a potentially accessible entry point into a mature neighbourhood for a buyer whose priority is securing land and solid square footage. A thoughtful perspective is that this property offers a rare opportunity to own a piece of land of this scale in the area, which is often a appreciating asset independent of the structure itself.
Frequently Asked Questions
1. What does "basement not renovated" typically mean?
It indicates the basement is in original or functional condition, but not modernized. Buyers should budget for potential updates to flooring, walls, or mechanical systems and plan for a professional inspection to assess its current state.
2. How significant is the lack of a garage?
For this neighbourhood and era of home, it's common. The large lot does provide ample space for off-street parking and the potential to add a garage or shed in the future, subject to local bylaws.
3. The assessed value seems low compared to city averages. Why?
Property assessments are for municipal tax purposes and are influenced by many factors, including home condition, specific location, and recent sales in the immediate area. It does not necessarily reflect current market value, but can indicate a relatively lower property tax burden.
4. Is the large lot a maintenance burden or an asset?
It can be both. It offers fantastic private outdoor space but requires more upkeep. For some, it's a premium feature; for others, it's a consideration for time or landscaping costs.
5. What are the implications of the home's age (1918)?
It comes with classic character but also requires diligent maintenance. Key points for an older home include the condition of the roof, wiring, plumbing, and insulation. A thorough inspection is essential to understand any needed repairs or updates.