Property Overview & Key Characteristics
702 Beresford Avenue is a classic one-and-a-half storey home built in 1912, offering a blend of historic charm and practical space on a generous 3,753 sqft lot in Winnipeg's Lord Roberts neighbourhood. Its appeal lies in its established character, above-average living area (1,385 sqft), and a detached garage—features that are increasingly valued in this mature area. The home's lot size and living space rank in the top third compared to its immediate street and wider neighbourhood, suggesting a property with more room than many nearby.
This home would suit a buyer looking for a solid, character-filled property in a central location, who is comfortable with a home of this vintage. It's ideal for someone seeking a project, whether modest updates or a full renovation over time, as the basement is noted as unrenovated. The very low assessed value indicates significant potential for equity growth through improvements, making it a strategic entry point into a desirable neighbourhood for hands-on buyers or investors.
Frequently Asked Questions
1. What does "one-and-a-half storey" mean for this home?
Typically, this style features a full main floor and a second floor with sloped ceilings where the roofline begins, often creating cozy bedrooms or unique spaces. It's a classic Winnipeg architectural style from the early 1900s.
2. The assessed value seems low. What does that indicate?
The assessed value is for taxation purposes and is often below market value, especially for older homes. A low assessment can suggest the interior condition or systems require updating, but it also can mean lower property taxes relative to similar-sized homes.
3. What is the Lord Roberts neighbourhood like?
Lord Roberts is a mature, central neighbourhood known for its tree-lined streets, character homes, and strong sense of community. It offers excellent access to parks, the Osborne Village amenities, and downtown.
4. Is the unrenovated basement finished or usable?
The listing specifies it is "not renovated." This usually means it is in a rough or original state, likely with a concrete floor and exposed foundations/mechanicals. It presents both a blank canvas and a future project for additional living or storage space.
5. How does this home compare to others on the street?
The data shows this home ranks highly on Beresford Avenue for both lot size and living area, meaning it offers more space than over half the homes on the same street. This relative advantage is a key point of value.