Property Overview
This two-storey home at 316 Berry Street in Winnipeg's King Edward neighborhood presents a distinct profile. Its primary appeal lies in offering significantly more modern living space than most homes in its immediate area. Built in 2012, it is a much newer construction compared to the neighborhood's predominantly early-to-mid 20th century housing stock. With 1,713 sqft of living area, it ranks in the top 3% of homes on its street and the top 1% within King Edward for size, suggesting a rare find for buyers seeking spacious, contemporary interiors without leaving the established community. The basement has been renovated, adding to its functional living space.
The property suits buyers who prioritize a move-in ready, modern home with ample room, but who may not require a large yard or private garage. Its assessed value is elite for the street and neighborhood, yet sits around the city-wide average, indicating you are paying for above-average quality and space within this specific locale. A thoughtful perspective is that this home offers a "best of both worlds" scenario: the character and location of an older neighborhood with the low-maintenance benefits and modern layouts of a newer build. The trade-off appears to be a smaller-than-average lot for the street and the lack of a garage, which is common in the area.
Frequently Asked Questions
1. How does the home’s value compare to nearby sales?
Based on public data, a nearby, very similar home sold in April 2024 for between $34.5k and $37.5k. The current assessed value of this property is $42.5k.
2. What are the practical implications of having no garage?
This is a common feature in the King Edward neighborhood. Buyers should consider on-street parking permits, the potential for adding a shed for storage, and the seasonal realities of clearing a vehicle in winter.
3. The home is newer than most in the area. Does that affect property taxes or insurance?
A newer build (2012) can sometimes lead to different insurance considerations compared to a century-old home. Property taxes are based on the assessed value, which is notably higher than the neighborhood average, so prospective buyers should budget accordingly.
4. The living space is large, but the lot size is below average for the street. What does this mean?
This suggests the home's footprint utilizes more of the property. It results in generous indoor living areas but a more modest private outdoor space. It's ideal for those who prioritize interior square footage over extensive gardening or large-yard activities.
5. How can I get the exact historical sold price for this property?
The exact sold price history is not publicly displayed. You can request it directly via email from the listing source, which states they provide this information manually without using your email for unsolicited marketing.