Property Overview: 273 Berry Street, Winnipeg
Key Characteristics & Appeal
This one-storey home on a standard-sized lot in King Edward presents a straightforward, value-oriented opportunity. Its primary appeal lies in its relative affordability and efficient scale, underscored by a recently renovated basement that adds functional living space. At 756 sq ft, the living area is compact, ranking below average for the street, neighborhood, and city, which suggests a home focused on essentials rather than expansiveness. This is balanced by an assessed value that is typical for the immediate area, indicating a price point in line with local expectations.
The home suits first-time buyers, downsizers, or investors seeking an entry into the market with manageable upkeep. Its 1955 build date is notably newer than many neighboring houses, potentially implying fewer concerns with the very oldest infrastructure. A thoughtful perspective is that this property represents the practical "bones" of a neighborhood—a home whose value is more tied to its location and lot than to its square footage, offering a chance to live in the area without the premium for larger, more modern homes. The appeal is grounded in utility and potential, rather than luxury or size.
Frequently Asked Questions
1. Is the house particularly small?
Yes. At 756 sq ft of living area, it is smaller than most comparable homes on Berry Street, in the King Edward neighborhood, and across Winnipeg. This makes for efficient, low-maintenance living but may feel cramped for those needing more space.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This should be verified during a viewing to understand the quality and use of this additional space.
3. How does the assessed value relate to the likely selling price?
The assessed value is approximately $23,400, which is average for King Edward. However, the last known sale was between $17.5k and $20.5k in 2017. Market conditions and property updates since then will determine the final sale price.
4. Is the lot size a positive feature?
The lot of 4,583 sq ft is fairly typical for the area. It is not exceptionally large, but it provides standard outdoor space for a city home and is actually above the citywide average for lot size relative to the home's small footprint.
5. Why is the year built (1955) considered "above average"?
Many homes in the core neighborhoods of Winnipeg are quite old. Being built in 1955 makes this home newer than about 70-80% of its immediate neighbors, which can be an advantage regarding the age of major components like wiring or plumbing.