543 Berwick Place

Property Summary: 543 Berwick Place, Winnipeg

Key Characteristics & Appeal

This home at 543 Berwick Place in Lord Roberts is a study in contrasts, offering a practical entry point into a mature neighbourhood. Built in 1957, it is notably newer than many homes on its street and in the wider area, which may appeal to buyers wary of the maintenance often associated with pre-war construction. With 962 sqft of living space, it provides a manageable footprint for individuals, couples, or small families.

Its primary appeal lies in its position as a relatively modern home within an established community, paired with a below-average assessed value. This combination suggests potential for buyers focused on value and location over sheer size. The lot, while smaller than area averages, offers a low-maintenance yard. This property would best suit first-time buyers, downsizers, or pragmatic investors looking for a straightforward home in a central Winnipeg neighbourhood without a premium price tag. A thoughtful perspective is that its "below average" metrics in value and lot size are precisely what make it accessible, representing a chance to enter the market and possibly add value over time.

Frequently Asked Questions

1. Is the assessed value the same as the market price?
No. The assessed value (listed as $22.30k) is for municipal tax purposes and is typically much lower than the current market value. Recent sales of comparable homes in the area provide a better gauge of the likely selling price.

2. How does the 1957 build year affect the home?
Being built in 1957 means it likely has a more modern foundation, electrical, and plumbing systems than many older homes in Lord Roberts. However, it is still nearly 70 years old, so a thorough inspection is essential to understand the condition of major components like the roof, windows, and heating system.

3. The lot is noted as smaller than average. How much of an issue is this?
The 2,282 sqft lot is compact. This limits expansive gardening or large outdoor recreation space but significantly reduces yard maintenance time and cost. It’s a trade-off that suits those seeking a low-maintenance property.

4. What can the sold price history tell me?
The home sold between $200k-$250k in 2022. This gives a recent benchmark, but market conditions have changed since then. Analyzing current sales of similar nearby homes is crucial for understanding its present value.

5. Who are the typical neighbours?
The immediate neighbours on Berwick Place are a mix of similar-sized homes from various eras. The listing data shows nearby properties with a wide range of assessed values and sizes, indicating a socio-economically diverse street rather than a uniform, high-end enclave.