470 Beresford Avenue

Property Overview: 470 Beresford Avenue, Winnipeg

Key Characteristics & Appeal

This 1,192 sqft home on a 3,749 sqft lot is a classic, early-1900s residence in the established Lord Roberts neighbourhood. Its core appeal lies in being a solid, no-frills entry point into a desirable area. The living space is very close to the average for both the street and the neighbourhood, offering practical, family-sized rooms. A key characteristic is its significantly low municipal assessed value compared to nearby homes, which often indicates an opportunity for a buyer to add value through updates or renovations. The lot size is also typical for the area, providing a decent outdoor space without excessive maintenance.

This property would suit a practical buyer—perhaps a first-time homeowner, an investor, or a hands-on individual—who sees potential beyond its current state. It’s for someone comfortable with the character and upkeep of a century-old home and who is motivated by location and lot value rather than modern finishes. A less obvious perspective is that its low assessment, while reflecting its condition, could also represent a relative property tax advantage in the short term, allowing a new owner to allocate funds toward improvements.

Frequently Asked Questions

1. Why is the assessed value so much lower than neighbouring homes?
The assessed value is based on the property's condition and market value at the time of assessment. A low assessment relative to the area typically reflects that the home requires modernization or repairs compared to its neighbours.

2. What does the "Sold 2017 CA$150k–200k" price range mean?
This is an estimated sale price range derived from public data. To obtain the exact historical sale price, you must request it directly from the site via email, as they manually verify and provide the precise figure.

3. Is the lot size sufficient for an addition or garage?
At just under 3,750 sqft, the lot is standard for Lord Roberts. Any expansion would need to comply with local zoning bylaws regarding setbacks and lot coverage, but the size is generally workable for thoughtful improvements.

4. How does the age of the home (1911) affect insurance or renovations?
Homes of this era may have older electrical, plumbing, or structural systems. Insurance providers may require specific inspections, and renovations often need to meet modern building codes, which can increase project complexity and cost.

5. The listing mentions nearby properties from 2019 with higher values. Are they comparable?
The nearby 2019 homes are new builds, so they are not direct comparables in terms of condition or style. They are shown as reference points for the street's evolving character and potential, highlighting the value of the lot and location this older home occupies.