583 Beresford Avenue

Property Overview: 583 Beresford Avenue, Lord Roberts, Winnipeg

Section 1: Key Characteristics & Appeal

This home is a classic, early-20th century residence built in 1912, offering a grounded entry into Winnipeg's established Lord Roberts neighbourhood. Its key appeal lies in its relative value and position within a mature community. At 890 sqft, the living space is compact and efficient, ranking below the average for both the street and the city, suggesting a cozy footprint ideal for minimalists, first-time buyers, or those looking to downsize without leaving a central area.

The assessed value sits comfortably above average for the Lord Roberts neighbourhood itself, indicating the property is well-regarded within this specific, desirable context. The lot size, while modest by wider city standards, is typical for the area. This combination points to a property where your investment is primarily in the location and the community rather than in expansive square footage. It suits a practical buyer who values character homes, walkable neighbourhoods, and a simpler living space over new construction or large rooms. A thoughtful perspective here is recognizing the potential in a well-maintained older home: it offers established landscaping, proven neighbourhood stability, and often a more human-scale streetscape compared to newer subdivisions.

Section 2: Frequently Asked Questions

1. Is the living area too small?
At 890 sqft, the home is indeed cozier than many modern houses. It requires efficient use of space and would suit individuals, couples, or small families comfortable with a more compact layout. The trade-off is often lower utility costs and less maintenance.

2. How does the assessed value impact property taxes?
While the assessed value is above the neighbourhood average, property taxes are calculated using a mill rate applied to this assessment. A higher assessment within a desirable area like Lord Roberts typically results in proportionally higher taxes, which should be factored into the budget.

3. What are the implications of a 1912 build date?
Homes from this era possess charm and solid construction but require diligent maintenance. Prospective buyers should prioritize a thorough inspection focusing on the foundation, plumbing, electrical systems (which may have been updated), and the roof to understand any needed updates or ongoing upkeep.

4. The last sale was in 2021. What does that price range indicate?
The reported sale price of CA$250k–300k in 2021 shows strong appreciation from its 2016 sale. This sharp increase reflects the broader market trend during that period and suggests the property has been a solid asset. Current value will depend on market conditions, updates made since 2021, and the home's present condition.

5. What is the neighbourhood (Lord Roberts) like?
Lord Roberts is a central, mature neighbourhood near the Assiniboine River. It is known for its tree-lined streets, character homes, and strong sense of community. It offers a quiet, residential feel while remaining close to amenities, parks, and major routes. The demographic is often a mix of long-time residents and younger families drawn to its stability and charm.