Property Summary: 644 Beresford Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This home, built in 1911, is a classic character property in the established Lord Roberts neighbourhood. With 1,139 sqft of living space, it offers a comfortably sized footprint that is very typical for the area. The lot size of 3,125 sqft is modest for the city but standard for the street, providing a manageable outdoor space.

Its primary appeal lies in its value proposition within a desirable inner-city community. The assessed value of $230k is notably below average for both the street and the wider city, suggesting a potentially accessible entry point into the neighbourhood. This is a home that suits practical, value-conscious buyers—perhaps first-time homeowners or downsizers—who prioritize location and character over modern size standards or a large yard. It represents an opportunity to own a solid, century-old home in a central area without the premium price tag of a larger lot or a fully renovated property. A thoughtful perspective is that its "below average" metrics for value and lot size relative to the city are actually typical for its specific, mature neighbourhood, indicating you're paying for the community, not excess land.

Section 2: Frequently Asked Questions

1. What does the "below average" assessed value actually indicate?
It indicates this home's municipal tax assessment is lower than most comparable properties in its comparison groups. This often correlates with a lower purchase price and can mean a relatively lower property tax bill, but it may also reflect the home's condition, updates, or specific attributes compared to peers.

2. How does the lot size impact potential for expansion or renovation?
At 3,125 sqft, the lot is smaller than the city average. While this means less garden space, it also translates to lower maintenance. Any significant rear or lateral expansion would need to carefully consider setback requirements, making a thoughtful redesign of the existing footprint a more likely path than a large addition.

3. The home sold twice in recent years (2016 and 2023). What does that suggest?
The sales in 2016 and 2023, both within the same price range, could indicate a stable value in the area. It may have been an investment property, or the previous owner's circumstances changed. It does not inherently signal an issue, but it's a point to explore for context on the home's history.

4. Is the 1911 build date a concern?
Homes from this era were built with durable materials, offering charm and solid construction. However, prospective buyers should budget for and expect updates to major aging components like plumbing, electrical, windows, and insulation, unless renovations are already documented.

5. Who are the most likely neighbours?
The listing shows several directly adjacent homes on Beresford Avenue, suggesting a closely knit, traditional streetscape. The provided comparable properties on the same street and nearby avenues (like Rathgar) are all of a similar vintage and scale, indicating a consistent, established neighbourhood character.