Property Overview: 349 Berry Street, Winnipeg
Key Characteristics & Appeal
This 2023-built bi-level home at 349 Berry Street is a notably modern property within Winnipeg's King Edward neighborhood. Its primary appeal lies in its combination of new construction and a highly efficient footprint. With 1,077 sqft of living space and a renovated basement, it offers a modern, low-maintenance lifestyle without excessive square footage. The lot size of 4,532 sqft is practical and manageable.
The standout characteristic is its exceptional assessed value for the area. It ranks in the top 4% of King Edward and the top 7% on its own street, indicating it is viewed as a high-value asset compared to its peers, many of which are much older. This presents a compelling proposition: a new home in an established neighborhood without the premium often associated with infill development. It would perfectly suit first-time buyers seeking a turnkey, modern home, or downsizers looking for single-level living (with a basement) and minimal upkeep. Investors may also be attracted by the strong assessed value and the rental appeal of a nearly new property in a central location.
A less obvious perspective is the balance it strikes. It’s a new build but not on a sprawling lot, offering modern efficiencies while still fitting the neighborhood's scale. The recent sale history suggests a significant and rapid appreciation, pointing to strong market confidence in this specific property's addition to the area.
Frequently Asked Questions
1. Is this a true single-level home?
It's a bi-level, meaning there are short flights of stairs to both the main living area and the lower level. The renovated basement adds significant functional space, but the design is not a true bungalow.
2. Why is the assessed value so high compared to nearby homes?
The assessed value reflects the property's new construction (2023). It is evaluated as a modern asset with contemporary building standards, systems, and finishes, unlike many of the neighborhood's older, century-home stock.
3. There is no garage listed. What are the parking options?
The listing indicates no garage. Parking would be via a driveway or on-street. Given the lot size, a driveway is likely, but this should be confirmed with a viewing or the listing agent.
4. The home sold recently in 2024 and again in 2020. What does that indicate?
The 2020 sale likely represents the purchase of the lot or a previous structure before the new home was built in 2023. The 2024 sale was then the first resale of the completed modern house, showing a substantial increase in value post-construction.
5. How does the living space compare to an average Winnipeg home?
At 1,077 sqft, it is slightly above average for the King Edward area but slightly below the city-wide average. This highlights its efficient design—it offers more space than many older area homes but prioritizes modern quality over maximum size.