747 Berkley Street

Property Overview & Key Characteristics

This Betsworth home presents a compelling mix of generous space, established character, and a prime location. Its primary appeal lies in its exceptionally large, nearly half-acre lot (21,793 sqft), which places it in the top 1% of properties in Winnipeg for land size. The single-storey, 1,848 sqft bungalow offers above-average living space and includes a finished basement and an attached garage. While the home itself was built in 1946, its value is strongly supported by the land and location, evidenced by its assessment value and a significant 2022 sale price of $717,000.

The property suits buyers looking for a long-term family home with immense outdoor potential—think gardens, recreation, or future additions—in a highly regarded neighborhood. It’s ideal for those who value space and location over a modern build, and who are prepared for the stewardship that comes with an 80-year-old home. A less obvious perspective is its appeal to multi-generational living, given the single-level layout and expansive grounds. The data suggests its true competitive edge isn't just the house, but the rare scale of its private outdoor space within the city.

Frequently Asked Questions

1. What are the main considerations with a home from 1946?
Prospective buyers should budget for potential updates to major aging systems like plumbing, electrical, or the roof, and consider an inspection to understand the home’s condition. The charm of a well-built older home comes with a responsibility for its maintenance.

2. Why is the lot size such a significant feature?
A lot of this size (over 21,000 sqft) is exceptionally rare in Winnipeg, offering unparalleled privacy, space for outdoor activities, gardens, or future structures like a workshop or expanded garage, which adds tremendous long-term value.

3. How does the 2022 sale price relate to the current assessed value?
The 2022 sale at $717,000 is a strong market indicator, while the current assessed value of $533,000 is for municipal tax purposes. The sale price often reflects what a buyer was willing to pay for the property's unique attributes at that time, and will be a key reference point in determining its current market value.

4. What does the "finished basement" entail?
The listing notes a finished basement, but specifics on the quality, layout, ceiling height, and whether it includes a separate entrance or legal suite are not provided. This would be a key detail to clarify during a viewing.

5. Who would this property not suit?
It may not suit buyers seeking a modern, low-maintenance, or energy-efficient turn-key home, as an 80-year-old property typically requires more ongoing attention and potential investment in updates. Those prioritizing a new build or a smaller yard would likely look elsewhere.