Property Overview
This 2019-built bi-level home at 504 Beresford Avenue in Winnipeg's Lord Roberts neighbourhood offers a modern, low-maintenance living option in an established area. Its primary appeal lies in being a nearly new construction, sparing buyers from the immediate repairs or major updates often needed with older character homes. The renovated basement adds valuable finished space to the 998 sqft living area.
The home suits first-time buyers seeking a turnkey property, downsizers looking for single-level living with a modern layout, or investors attracted by the newer building's potential for lower upkeep costs. A thoughtful perspective is its lot size: at over 3,100 sqft, the land area is notably larger than many newer infill properties, offering better outdoor space potential while still ranking highly for newness in the city. The significant jump in assessed value since 2019 also suggests the area is appreciating, making it a candidate for buyers prioritizing modern convenience in a mature neighbourhood without sacrificing future value.
Key Details & FAQs
Key Characteristics & Appeal
- Modern & Move-In Ready: Built in 2019, this is one of the newest homes in Lord Roberts (top 2% of the neighbourhood). It offers contemporary building standards, energy efficiency, and a renovated basement.
- Established Neighbourhood Setting: You get the mature trees and settled feel of Lord Roberts without the century-old home maintenance. The lot is generously sized for the area.
- Value Trajectory: The assessed value has risen sharply from its 2019 sale, indicating strong appreciation. It sits in a top percentile for assessed value on its street and in Winnipeg.
- Ideal For: First-time homebuyers, downsizers, or pragmatic buyers who want a modern, low-maintenance home in a central, established neighbourhood without being a renovation project.
Frequently Asked Questions
1. How does such a new home exist in an older neighbourhood?
This is likely a recent infill construction, where an older home was replaced. This is increasingly common in established, in-demand neighbourhoods like Lord Roberts, offering buyers the best of both worlds.
2. The living area is under 1,000 sqft. Is that typical?
For a modern bi-level in this area, yes. The design often uses space efficiently over two main levels. The renovated basement significantly expands the usable living space, which isn't always reflected in the official square footage.
3. The assessed value is much lower than the 2021 sale price. Why?
Municipal assessed value for taxation purposes often lags behind the current market and does not equate to market value. The 2021 sale price is a far better indicator of its recent market worth.
4. There's no garage. Is parking an issue?
The property has no garage, which is common for infill lots. Buyers should confirm the driveway and on-street parking situation to ensure it meets their needs.
5. What makes this location in Lord Roberts desirable?
Lord Roberts is a central, mature neighbourhood known for its character, proximity to the Assiniboine River, and access to amenities like parks and schools. This property offers that location with a home that doesn't require the upkeep of a historic house.