Property Summary: 602 Beresford Avenue, Lord Roberts, Winnipeg
Section 1: Key Characteristics & Appeal
This home stands out in the Lord Roberts neighbourhood for its modern foundation and above-average scale. Built in 2020, it is a notably newer construction in an area dominated by heritage homes, offering immediate advantages in building systems, energy efficiency, and low-maintenance living. With 1,636 sqft of living space, it provides significantly more room than most comparable homes on its street and in the wider area.
The primary appeal lies in this combination of new-build convenience and a mature, established location. The property’s assessed value ranks in the top tiers locally, reflecting its premium position in the market. It’s important to note the lot size is more compact than area averages, which translates to less yard upkeep but also more limited private outdoor space.
This property would ideally suit buyers seeking a modern, move-in-ready home without sacrificing the character and convenience of a central neighbourhood like Lord Roberts. It appeals to those who prioritize interior space and contemporary amenities over a large garden, and to those who appreciate the value of newer mechanical systems (like plumbing, wiring, and insulation) often found in century-old homes.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much higher than neighbouring properties?
The assessed value reflects the home’s recent construction year (2020) and its larger-than-average living area. As a modern build, it has depreciated very little compared to much older homes, and its size places it in a premium category for the locale.
2. What are the implications of having a smaller lot size?
The 3,123 sqft lot is more compact than many in the area. This typically means lower maintenance and less time spent on yard work. However, it may limit options for large additions, decks, or extensive landscaping compared to properties on larger lots.
3. As a newer home in an older neighbourhood, are there any potential drawbacks?
While the home itself is new, it is still subject to the existing neighbourhood character, infrastructure, and mature tree canopies. Some buyers find the architectural style of a new build contrasts with the surrounding heritage streetscape, which can be either a positive or a negative depending on personal taste.
4. How does the sold price history from 2021 relate to today’s value?
The home sold for an estimated $450k-$500k in 2021. This historical price is a data point, but current market conditions, recent upgrades, and comparable sales from the last 3-6 months are more critical for determining its present market value.
5. What is the practical benefit of the home’s high ranking for living area?
Ranking in the top 11% on the street for living area means you are getting more interior space than the vast majority of homes in the immediate vicinity. This often translates to better functionality for home offices, family living, and storage without needing to add on.