Property Overview
This one-and-a-half storey home at 302 Berry Street in Winnipeg's King Edward neighbourhood presents a practical and well-situated opportunity. Its key appeal lies in its above-average living space for the immediate area and a recently renovated basement, offering move-in-ready potential. The detached garage and a standard city lot round out the classic Winnipeg setup. The home’s assessed value is modest and typical for the street, suggesting a manageable entry point into the market.
It would suit first-time buyers seeking a solid starter home with some modern updates, or investors looking for a straightforward rental property in an established area. A less obvious angle is its relative modernity compared to other homes on Berry Street; built in 1951, it is newer than many of its direct neighbours, which may imply fewer concerns with very old infrastructure. However, its citywide assessed value ranking indicates it's a more budget-conscious option compared to the Winnipeg average.
Frequently Asked Questions
What does the "above average" living area ranking mean for this home?
At 1,164 sqft, the living area is notably larger than many comparable homes on Berry Street and in the King Edward neighbourhood, offering more interior space than you might typically find in this price segment.
Is the assessed value a reliable indicator of the likely selling price?
The assessed value ($25.70k) is a municipal figure for tax purposes and is typically far below market value. Recent sold price data for the home (ranging from ~$26.5k to $29.5k in 2021) is a more useful, though outdated, benchmark. Current market conditions will determine the final price.
What should I infer from the "renovated basement"?
While the listing confirms the basement is renovated, it's essential to clarify the scope, quality, and permitting of the work. A renovated basement adds valuable finished space but understanding its condition is key.
How does the property compare city-wide?
The data shows a clear picture: this home offers space and lot size that are competitive locally in King Edward, but its assessed value is significantly below the citywide average. This highlights it as a value-oriented option within its established neighbourhood, not necessarily a direct competitor with newer suburban homes.
Can I get the exact historical sold prices?
Yes, but not automatically. The exact sold prices are provided manually by the listing service upon email request to protect precise transaction data. They aim to respond by the end of the same business day.