765 Berkley Street

Property Overview: 765 Berkley Street, Winnipeg

Key Characteristics & Appeal

This is a well-established, single-storey home in Betsworth, built in 1972 on an exceptionally large, mature lot of over 13,300 square feet. The property's standout feature is its generous land size, which ranks within the top 3% of all residential lots in Winnipeg, offering significant space and privacy. The home itself features 1,226 sqft of living space, a finished basement, and an attached garage.

Its appeal lies in a rare combination of a prime location within a desirable community and a property footprint that is increasingly difficult to find. The data indicates it outperforms most comparable homes in its immediate area, ranking in the top 10% within its community for lot size and the top 3% city-wide. This suggests a property with inherent scarcity value. It would particularly suit buyers looking for a solid, move-in-ready home with the long-term potential that a large lot provides—whether for gardening, expansion, or simply enjoying ample outdoor space. It’s a practical home with a standout asset in the land itself.

Frequently Asked Questions

1. What does the ranking data actually mean?
The rankings compare this property against others on its street, in Betsworth, and across all of Winnipeg for specific metrics. For example, being in the "top 3% city-wide" for lot size means only 3% of Winnipeg residential lots are larger. It’s a quick way to gauge how this property’s key features stack up competitively.

2. Is a 1972-built home a concern?
While not new, the home is from an era of solid construction. Its rankings show it is newer than 81% of homes on its own street, indicating the surrounding area is well-established. A thorough inspection is always advised to understand the condition of major systems and any updates that have been made over the years.

3. How does the finished basement add value?
A finished basement effectively increases the usable living space beyond the listed 1,226 sqft, providing flexibility for recreation, guests, or a home office. It adds immediate functional value without the need for a renovation.

4. Who would benefit most from the large lot size?
Beyond gardeners and those seeking privacy, the lot is a significant asset for future-minded buyers. It could accommodate additions like a large shed, workshop, or even a potential future extension (subject to zoning and permits), offering options that most standard lots do not.

5. The assessment value is $443,000. Is that the list price?
No. The assessed value is for municipal tax purposes and is determined by the city. It is a useful benchmark but does not dictate the market price, which is set by the seller based on current market conditions, the property’s specific features, and recent comparable sales.