Property Overview: 560 Beresford Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 560 Beresford Avenue in Lord Roberts is a practical, early-1900s character property that presents a clear value-oriented opportunity. Its key appeal lies in its position as one of the most accessibly priced homes in the area, with a recent sold price and a very low assessed value compared to neighbours. The 925 sqft house sits on a standard city lot, offering a manageable scale for a first home, downsizer, or investor.

The property suits buyers with a realistic budget seeking entry into a mature, central neighbourhood. It’s a candidate for those comfortable with a home that may require updates, as its age and below-average metrics for size and assessment suggest a functional but unrenovated state. A thoughtful perspective is its potential as a long-term hold in a well-established area, where the land value and location may offer stability. It’s less suited for those seeking immediate modern finishes or above-average square footage.

Section 2: Frequently Asked Questions

1. Why is the assessed value so much lower than nearby homes?
The assessed value is among the lowest on the street and in the neighbourhood. This typically reflects the home’s age, smaller living area, and likely condition or level of modernization compared to peers. It can indicate a lower property tax burden but may also signal needed investments.

2. What does the sold price range (CA$150k–200k) tell me?
This public data range confirms the home is transacting at a significantly lower price point than many area comparables. The exact price, available upon request, would clarify where it landed, but the range itself underscores its status as a more affordable option in Lord Roberts.

3. How does the lot size impact future potential?
At 3,122 sqft, the lot is smaller than many on Beresford but is average for Lord Roberts. It provides adequate outdoor space but may limit extensive additions. Its value is in its established location rather than redevelopment potential.

4. The home was built in 1912. What should I consider?
This age brings character but also requires careful attention to foundational systems, wiring, plumbing, and insulation. A thorough inspection is essential. Notably, on this street, its build year is actually around average, meaning the neighbourhood itself has a consistent, historic fabric.

5. Who are the immediate neighbours, and what are their homes like?
The adjacent properties on Beresford are of similar vintage, creating streetscape consistency. Directly next door at 558 Beresford, for example, is a comparable older home, while a short walk away at numbers 506 and 504 are newly built (2019) homes, illustrating the neighbourhood’s mix of old and new.