Property Overview: 343 Berry Street, Winnipeg
Key Characteristics & Appeal
This two-storey home at 343 Berry Street is a modern property built in 2019, offering a turnkey lifestyle in Winnipeg's King Edward neighbourhood. Its primary appeal lies in its combination of new construction and above-average space. With 1,380 sqft of living area, it ranks in the top 12% on its street and top 6% in the wider neighbourhood for size, meaning it offers more interior room than most comparable homes nearby. This is complemented by a renovated basement, adding functional living space.
The property stands out statistically for its assessed value, ranking in the elite top 5% on its street and top 3% in King Edward, indicating it is a higher-value home within its immediate context. The lot is a standard city size at just over 4,500 sqft. This home would suit buyers seeking a move-in-ready, modern build without sacrificing space, particularly those who value a home that is newer than the neighbourhood's historical average (most homes here were built in the 1940s). It’s ideal for someone who wants the low maintenance of a recent build but prefers the established character of an inner-city community over a new suburban subdivision.
Frequently Asked Questions
1. Is this a good value for the area?
The data suggests it's a premium property for Berry Street and King Edward. Its assessed value is in the elite tier locally, which typically reflects factors like its new construction, size, and condition compared to older homes in the area.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to clarify with the seller or listing agent to understand if it’s a finished living space, a rental suite, or contains specific amenities.
3. How does the lack of a garage affect parking and storage?
The property has no garage. Buyers should consider on-street parking availability and plan for alternative storage solutions, which is a common trade-off for older, inner-city neighbourhoods.
4. The sold price history shows a sale in 2020. Why is that relevant?
The home sold in March 2020 for between $345,000 and $375,000. This provides a benchmark for its value just after construction, helping to gauge its market appreciation over the last five years.
5. The assessed value seems low compared to the city-wide average. Why?
The city-wide assessed value average shown (~$390k) includes all property types across Winnipeg. The more relevant comparisons are the local ones. This home’s assessment is elite for its specific street and neighbourhood, indicating it is valued significantly higher than the typical, much older home surrounding it.