Property Overview: 147 Roseberry Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home in Bruce Park, built in 1914, presents a straightforward opportunity centered on its land and location. With 800 sqft of living space, the home is compact and features an unrenovated basement. It does not have a garage or pool. The property’s primary appeal lies in its 2,712 sqft lot, which is notably larger than many on its street and offers potential for expansion or outdoor use. Having last sold for $200k in late 2021, it sits in a market position with a relatively low assessed value.
This home would suit a pragmatic buyer, such as a first-time purchaser or investor comfortable with a property that requires updates. Its appeal is less about immediate move-in readiness and more about securing a lot in a settled neighbourhood. A thoughtful perspective is that its older vintage and smaller size compared to neighbourhood averages could mean lower utility costs and property taxes, offering a more affordable entry into the area for the right buyer.
Section 2: Frequently Asked Questions
1. What does "below average" for Year Built and Living Area mean in context?
While the home is older and smaller than many in Bruce Park, it is much closer to the average for its specific street. This suggests Roseberry Street has a character of older, cozier homes, making this property a typical example of the immediate streetscape.
2. Is the low assessed value a concern?
Not necessarily. Municipal assessed value is used for tax calculation and often lags behind market value. The 2021 sale price of $200k is a more current indicator of its market worth.
3. What are the implications of an unrenovated basement?
This indicates the basement is in original or functional condition, but not modernized. It provides usable space for storage or utilities but would require investment for finished living areas. Buyers should budget for potential moisture-proofing or updates.
4. Who might be interested in the lot size?
The lot is larger than half of those on Roseberry Street. This could interest buyers envisioning a future addition, a generous garden, or even a detached garage (subject to zoning).
5. How does this property fit into the broader neighbourhood?
Bruce Park homes generally sit on larger lots and are newer than this one. This property offers a more affordable, land-focused option within that desirable neighbourhood, representing a different value proposition than its larger, more modern neighbours.