608 Beresford Avenue

Property Overview: 608 Beresford Avenue, Lord Roberts, Winnipeg

Section 1: Key Characteristics & Appeal

This home presents a distinct value proposition centered on its generous lot and established location. Built in 1953, it is a notably newer construction compared to many character homes in the historic Lord Roberts neighbourhood. The primary standout feature is the 6,246 sqft lot, which is significantly larger than most in the immediate area and citywide, offering ample outdoor space for gardening, expansion, or recreation.

Its appeal lies in this land potential coupled with a manageable, modestly-sized house (864 sqft living area). The assessed value is consistent with area averages, suggesting a stable investment. This property would best suit a practical buyer who values space and possibility over immediate square footage. It's ideal for someone looking for a footprint in a mature neighbourhood without the maintenance of a century-old home, or for a buyer with future plans to renovate or extend, leveraging the substantial lot size that is increasingly rare in central areas.

Section 2: Frequently Asked Questions

1. How does the 1953 build year affect this home?
While the neighbourhood is known for early 1900s character homes, a 1953 build date often means more modern construction materials, electrical systems, and layout efficiencies, potentially reducing immediate repair concerns compared to much older properties.

2. The living area is below average. Is the house too small?
The living space is compact, but this must be weighed against the very large lot. For the right buyer, this represents an opportunity to customize and expand over time, with the land already in place. It may also suit those seeking a simpler, easier-to-maintain interior footprint.

3. What does the assessed value tell me about the price?
The assessed value of $30.80k is for municipal tax purposes and is not the market price. It indicates the home is valued consistently within its local context. The last known sale was between $250k-$300k in 2019, which is a more relevant benchmark for current market value.

4. Why is the lot size highlighted as so important?
At over 6,000 sqft, the lot is in the top 10-15% for the local area. In established neighbourhoods, land is the appreciating asset. This lot size offers privacy, space, and future potential that is uncommon and often commands a premium.

5. Who are the most likely buyers for this property?
First-time homeowners or downsizers seeking a low-maintenance home in a central location, and value-driven investors or renovators who see the underlying value in the large, expandable lot. It’s less suited for buyers seeking a move-in-ready home with abundant finished space.