Property Overview: 538 Berwick Place, Lord Roberts, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 538 Berwick Place is a classic, modestly-sized bungalow built in 1957, situated on a smaller lot in the established Lord Roberts neighbourhood. Its primary appeal lies in its relative affordability and position within a mature community, offering a straightforward entry point into Winnipeg’s housing market.

The 962 sqft living area is fairly typical for homes on its street but is below the citywide average, indicating a compact and efficient layout. The assessed value is notably below average for both the street and the city, which often translates to lower property taxes—a significant, ongoing cost savings for owners. A thoughtful perspective is that while the land area is small, this can mean less maintenance and lower utility costs, which suits a minimalist or efficiency-focused lifestyle. The home last sold between 2022-2024 in the $250k-$300k range, reinforcing its position as a value-oriented option.

This property would best suit first-time buyers, downsizers, or investors seeking a lower-priced, manageable property in a central location. It’s a practical choice for those who prioritize financial accessibility and a established neighbourhood over square footage or expansive outdoor space.

Section 2: Frequently Asked Questions

1. What are the real ongoing costs likely to be?
Given its below-average assessed value, your annual property taxes should be comparatively low. This is a key financial advantage that makes the overall cost of ownership more predictable and manageable.

2. Is there potential for expansion or renovation?
The lot size is smaller than most in the area, which may limit possibilities for large additions. However, the 1957 build date is newer than many neighbouring homes, so interior updates or a reconfiguration of the existing footprint could be a more viable path to modernizing the space.

3. How does this home compare to others on the street?
It ranks in the top half for living area but in the bottom third for lot size and assessed value on Berwick Place. This suggests you’re getting a reasonably sized house for the street, but on a more compact parcel, which is reflected in its value.

4. What is the neighbourhood like?
Lord Roberts is a mature, central neighbourhood. The mix of older and mid-century homes on the street, like this 1957 build, indicates a stable, established area without the premium price tag of newer developments.

5. How can I find out the exact past sale price?
The provided sale price is a range from public data. For the exact figure, you can email the listing service via the “Get exact sold price history” button. They provide this detail manually and state they do not use the contact for unsolicited marketing.