Property Overview
277 Berry Street is a well-maintained one-storey home in Winnipeg's King Edward neighbourhood. Built in 1977, it offers 1,183 sqft of living space and sits on a 4,581 sqft lot, featuring a detached garage and a renovated basement.
Its primary appeal lies in its strong standing within its immediate context. The home ranks in the top 25% for living area and the top 10% for assessed value on its own street, indicating it is a larger and more valuable property compared to most of its direct neighbours. This presents a compelling value proposition for the area. The renovated basement adds functional living space, a practical update not always found in the neighbourhood.
This property would suit a first-time homebuyer or a downsizer looking for a manageable single-level layout in an established area. It’s also a sensible choice for a value-conscious buyer who prioritizes a home that outperforms its immediate peers in key metrics, rather than seeking a city-wide standout. The detached garage is a notable asset for those needing workshop space or secure parking.
Frequently Asked Questions
How does this home compare to others in King Edward?
It ranks above average for the neighbourhood in living space, assessed value, and year built. Specifically, it’s in the top 15% for size and the top 9% for assessed value among comparable King Edward homes.
What is the significance of the assessed value ranking?
The assessed value is in the top 10% on Berry Street itself, suggesting the municipality views this as one of the more substantial properties on the block. This often correlates with a stronger position in the local market.
Is the renovated basement a full suite?
The listing notes a renovated basement but does not specify if it is a legal suite. Buyers should verify the renovations comply with local codes and understand the permitted use.
The home sold in 2023. What can that price indicate?
The sold price range from 2023 places it in the top 30% of sales on its street at that time. This recent transaction reinforces its trend of being a higher-value property within its micro-market.
How does the lot size impact future potential?
At 4,581 sqft, the lot is around average for the street but above average for the King Edward neighbourhood. This provides a decent outdoor space and may offer more flexibility for additions or landscaping compared to many nearby properties.