Property Summary: 184 Roseberry Street, Winnipeg
Section 1: Key Characteristics & Appeal
This is a classic one-storey home built in 1918, situated on a standard-sized lot in Bruce Park. Its key appeal lies in its position as an affordable entry point into the Winnipeg market, particularly for a specific type of buyer. The home itself is modest, with 759 sqft of living space, and features an unrenovated basement and no garage. Its most recent sale was in late 2020 for $190,000.
The property’s value is fundamentally rooted in the land and location rather than the current structure. While the home's size and age are below average for both the neighbourhood and the city, its assessed value and past sale price are competitive for the immediate street. This creates an opportunity for buyers comfortable with a project, whether that’s a gradual renovation, a potential future expansion, or a long-term land hold. It would suit a first-time buyer, an investor, or a hands-on individual looking for a lower upfront cost with the understanding that updates will be needed. Its charm is not in move-in-ready finishes, but in its potential and its straightforward, no-frills footprint.
Section 2: Frequently Asked Questions
1. Is the basement finished or usable for storage?
The listing specifies the basement exists but is "not renovated." Buyers should anticipate an unfinished space that may require assessment for moisture, insulation, and electrical systems before considering it as functional living or storage area.
2. How does the 2020 sale price of $190k relate to today's value?
That sale provides a recent benchmark, but market conditions have likely shifted. The assessed value of $23,500 is for taxation purposes and is not an indicator of market value. A current appraisal or comparative market analysis would be needed for an accurate valuation.
3. What are the implications of the home's age (1918)?
While it offers character, it necessitates careful inspection for aging components like plumbing, wiring, and the foundation. However, its construction date is actually around average for homes on Roseberry Street, so local contractors may be familiar with typical issues and solutions for houses of this era.
4. With no garage, what are the parking options?
The property has no garage. Parking would be limited to on-street, so checking with the city regarding permits, seasonal parking bans, and typical availability on the street is essential.
5. The home is smaller than area averages. Can it be expanded?
The lot size is standard for the street, which may allow for a future addition or expansion, subject to local zoning bylaws, setback requirements, and obtaining the proper permits. This is a key consideration for buyers viewing the property as a long-term project.