Property Overview: 330 Berry Street, Winnipeg
Key Characteristics & Appeal
This is a compact, one-and-a-half storey home built in 1913, offering 946 square feet of living space on a standard city lot of approximately 4,288 square feet in the King Edward neighbourhood. Its key updated feature is a renovated basement, adding functional living space. The home has no garage or pool.
The primary appeal lies in its value proposition and location. With an assessed value significantly below area and city averages, it presents a clear entry point into the Winnipeg market. It suits first-time buyers or investors seeking a lower-priced asset with a modernized basement ready for a tenant or extended family. The lot size is typical for the central neighbourhood, offering outdoor space without excessive maintenance. A thoughtful perspective is that its "below average" metrics are precisely what create opportunity; it’s a character home in a mature area where the value is in the land and structure, not in premium finishes or size. It would best suit a pragmatic buyer comfortable with a home of this vintage, who views the renovated basement as a key asset rather than seeking a move-in-ready, top-tier property.
Frequently Asked Questions
1. Is the low assessed value a concern?
Not necessarily. It primarily reflects the home’s age, size, and modest characteristics compared to newer or larger homes. It can mean a lower property tax burden and indicates a price point well below the city average.
2. What does a "renovated basement" typically mean here?
While specifics require an inspection, in a 1913 home this usually indicates foundational updates like moisture control, insulation, and legal ceiling height, creating a clean, functional living or recreational space. It’s a major functional upgrade over an original cellar.
3. How does the living space compare to the neighbourhood?
At 946 sqft, it’s slightly below the average for King Edward (~952 sqft) but very close. It offers a efficiently sized layout that is quite typical for the area, suggesting it’s a comfortable fit for the community's housing stock.
4. What are the implications of no garage?
This is common for homes of this era. Buyers should plan for street parking and consider the cost and feasibility of adding a shed or future parking pad if desired. It simplifies the property but requires adaptation.
5. Why is the year built (1913) highlighted as "below average"?
This is a statistical comparison showing most homes in the comparison sets are newer. For the buyer, it means expecting character-appropriate maintenance, potential for older mechanical systems, and the charm and solid construction typical of early 20th-century homes. It is not an outlier for the central city.