159 Roseberry Street

Property Overview

This one-and-a-half storey home in Bruce Park, built in 1912, presents a classic Winnipeg character property with a practical footprint. Its key appeal lies in its generous 2,712 sqft lot—larger than half the lots on its own street—combined with a living area (1,162 sqft) that is notably spacious compared to immediate neighbours. This creates a balance of indoor space and outdoor potential not always found in older core-area homes. The home has an unrenovated basement and no garage, indicating it is likely a solid candidate for updates and personalization. With a historically low assessed value and a recent 2020 sale price of $230k, it sits well below city-wide averages, positioning it as an accessible entry point.

This property would suit a value-conscious buyer looking for a "blank canvas" home with good lot size in an established neighbourhood. It’s ideal for someone comfortable with a project, whether that means gradual updates or planning a future addition, given the above-average land parcel. It may also appeal to an investor seeking a character property with a stable tenant base, given the neighbourhood context.

Frequently Asked Questions

1. What does "below average assessed value" really mean for taxes and future value?
The assessed value is significantly lower than both the recent sale price and city averages. This typically results in lower property taxes, which is a benefit. However, a future city assessment could bring it closer to market value, potentially increasing taxes.

2. The home is older than most on the street. Should I be concerned?
The 1912 build date means potential for character details but also necessitates a thorough inspection for foundational integrity, wiring, and plumbing. Its age is typical for the neighbourhood's charm, but budgeting for maintenance is essential.

3. How usable is the large lot, and are there restrictions?
The lot size is a standout feature. It offers room for gardening, play, or parking. Before planning any significant changes like an addition or garage, check with the city for zoning bylaws, heritage designations (if any), and setback requirements.

4. There's no garage. How challenging is street parking in this area?
With no garage, reliance on street parking is a given. Observing parking availability at different times of day is recommended. The large lot could provide space to create a parking pad, subject to local regulations.

5. The basement is "not renovated." What should I expect?
This typically indicates a functional but unfinished space with concrete floors and walls, exposed utilities, and basic ceiling. It offers storage and mechanical space but will require investment to become a finished living area. An inspection should check for moisture issues common in older basements.