Property Overview
515 Berwick Place is a 974 sqft home built in 1957 on a 1,869 sqft lot in Winnipeg's Lord Roberts neighbourhood. Its assessed value is $21,600. The home presents a specific value proposition defined by its context within the immediate street, the wider neighbourhood, and the city.
Key Characteristics & Appeal
This home’s primary appeal lies in its position as an entry-point property in a central, established neighbourhood. Its living area is quite typical for Berwick Place and Lord Roberts, offering functional space for a small household. A key, less obvious characteristic is its age: built in 1957, it is notably newer than many homes on its street and in the wider area, which may suggest a different construction era or potentially fewer major heritage updates compared to older neighbours.
The property suits pragmatic, value-focused buyers. It would appeal to a first-time buyer seeking neighbourhood access over square footage, an investor looking for a lower-entry asset in a stable area, or someone interested in a land-value play with the intention to rebuild or substantially renovate. The below-average lot size for the city indicates a more manageable outdoor space, which could be a perk for those seeking lower maintenance.
The data suggests a buyer must be comfortable with a home that ranks below average in assessed value and land size compared to most of Winnipeg. This isn't a sprawling property, but a practical one where the value is derived from location and potential rather than current size or finish.
Frequently Asked Questions
1. Why is the assessed value so much lower than nearby homes?
The assessed value is a municipal valuation for tax purposes, not a market price. A significantly lower assessment often reflects the home's current condition, size, or specific features compared to neighbours, and typically results in lower property taxes.
2. What does the "newer" year built mean for this home?
Being built in 1957 makes it newer than many homes in Lord Roberts. This could mean construction methods or materials from the mid-century, but it doesn't preclude the need for major system updates (like wiring, plumbing, or windows) common to homes of this age.
3. Is the small lot size a disadvantage?
It depends on your goals. It's below average for the city, limiting expansive gardens or additions. However, it means less yard work and can represent a more efficient use of space in a central location, which some buyers prefer.
4. Who would this property not suit?
It likely wouldn't suit a buyer needing ample indoor space for a growing family or someone seeking a large, private backyard. Those looking for a move-in-ready home without renovation projects should also investigate its condition thoroughly.
5. How can I find out what this home actually sold for?
The exact sale price history is not publicly displayed. As noted on the listing, you can request this information directly via email from the source, SaveOnHouse, who provides it manually.