Property Overview: 323 Berry Street, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home, built in 1918, presents a classic character property with modern practicality. Its key features include a renovated basement and a detached garage, situated on a generous 4,552 sqft lot. The home’s living space of 1,079 sqft is notably above average for the King Edward neighbourhood, offering more room than many local comparables. While its assessed value is modest relative to the wider city, it aligns very typically with the immediate street and area, suggesting it represents a solid, established value within a mature community.
The appeal lies in its balance of historic charm and updated essentials, coupled with its strong positional metrics within a sought-after neighbourhood. It suits buyers looking for a genuine character home without the extreme premium often attached to such properties citywide. It’s particularly well-matched for first-time buyers or downsizers seeking space and stability in King Edward, or for an investor attracted by a proven rental area with a home that already has key renovations in place. A thoughtful perspective is that this property offers the "neighbourhood premium" of King Edward without the "city-wide price tag," representing a specific, localized value.
Frequently Asked Questions
1. How does the home’s size compare to others in the area?
At 1,079 sqft, the living area is above the neighbourhood average (952 sqft), placing it in the top 24% for size in King Edward. This means it offers more interior space than most comparable homes nearby.
2. The home was built in 1918. What should I consider?
While the basement has been renovated, a home of this age will likely have character-appropriate maintenance considerations. Prospective buyers should prioritize a thorough inspection focusing on the foundation, original plumbing and electrical updates, and the roof’s condition to plan for future upkeep.
3. Why is the assessed value so much lower than the city-wide average?
The assessed value is based on municipal valuation for tax purposes and is heavily influenced by the local market. It is very consistent with values on Berry Street and throughout the King Edward area. The significantly higher city-wide average reflects newer, larger, or differently located properties; this assessment confirms the home is typical and priced for its specific, established community.
4. What is the significance of the lot size?
At 4,552 sqft, the lot is larger than the neighbourhood average, providing valuable outdoor space. This is a key asset, offering potential for gardening, recreation, or future expansion, and is a size that is becoming less common in many city neighbourhoods.
5. How can I find out the exact historical sale prices?
The listed sale price ranges are based on public data. To obtain the exact sale price from the most recent transaction in October 2022, you can use the "Get exact sold price history" email request feature provided on the listing page. The service is manual but typically replies by the end of the same day.