Property Overview: 672 Beresford Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This 1911-built home on Beresford Avenue in Lord Roberts presents a compelling, grounded opportunity. Its key appeal lies in its established neighborhood context and relative value. With 1,210 sqft of living space, the home is very much in line with the scale of its immediate street and is actually above average for the Lord Roberts neighborhood itself, suggesting a comfortable fit within a community of similar, character-filled homes.
The most striking characteristic is its value proposition. While the assessed value is typical for its street and neighborhood, it stands significantly below the Winnipeg citywide average for comparable homes. This positions the property as an accessible entry point into the city’s market, particularly for a solid, century-old home in an established area. The lot size, while smaller than the city average, is manageable and typical for the locale.
This property would suit a pragmatic first-time buyer or an investor looking for a character home without a premium price tag. It’s for someone who values an established, walkable neighborhood over a sprawling lot, and who sees potential in a home that is average on its block but represents clear value within the wider city. It’s less suited for those seeking a large, modern footprint or extensive outdoor space.
Section 2: Frequently Asked Questions
1. Is the below-average citywide assessed value a concern?
Not necessarily. It primarily reflects the home’s age, lot size, and location relative to the entire Winnipeg market. It indicates this property is priced more accessibly than many city-wide equivalents, which can be an advantage for buyers.
2. What does the 1911 build year mean for maintenance?
As a century-old home, it likely possesses character but requires a diligent inspection. Systems like wiring, plumbing, and the foundation should be carefully evaluated. Its age is typical for the street, meaning local contractors may be familiar with homes of this vintage.
3. How does the living area compare practically?
At 1,210 sqft, it’s a moderately sized home. It’s larger than many in the Lord Roberts neighborhood, suggesting good interior space for the area, but smaller than the average Winnipeg home. This points to efficient, rather than expansive, living.
4. The lot is smaller than the city average. Is that a drawback?
This depends on your lifestyle. The lot is consistent with the neighborhood pattern, offering lower maintenance. It may limit large additions or sprawling gardens but contributes to the area’s cohesive, community feel.
5. Are the rankings against "comparable homes" fair?
The rankings compare this property to homes grouped by similar attributes (like building type), not all properties. This ensures you’re seeing how it stacks up against true competitors, not against condos or brand-new subdivisions.