Property Overview: 195 Roseberry Street, Bruce Park, Winnipeg
Key Characteristics & Appeal
This is a classic one-and-a-half storey home built in 1918, presenting a straightforward opportunity in Winnipeg's Bruce Park neighborhood. Its primary appeal lies in its land value and location context. With a 3,253 sqft lot, the property offers more outdoor space than many homes on its street and represents a below-average financial entry point into the area, as indicated by its assessed value. The home itself is modest at 952 sqft of living space and features an unrenovated basement and a detached garage.
This property would suit a specific buyer: someone looking for a character home with renovation potential, an investor interested in the land value of a mature neighborhood, or a first-time buyer prioritizing location and lot size over move-in-ready finishes. Its sale history shows it was last purchased in 2021, suggesting it may be a relatively recent project or investment. A thoughtful perspective is that while the home's metrics are below area averages, it sits on a street where homes are notably older and smaller than the wider city, offering a more cohesive, historic streetscape feel. The value here is in the canvas it provides—whether that’s for gradual updates, a hold for land value, or a lifestyle in an established community without a premium price tag.
Frequently Asked Questions
1. What does "below average" assessed value mean in this context?
It means the city's assessment for this property is lower than most homes on its street, in Bruce Park, and across Winnipeg. This often correlates with a lower property tax bill and can indicate a home that hasn't been recently renovated or expanded, presenting a value-based entry point.
2. Is the lot size a positive feature?
Yes. At 3,253 sqft, the lot is larger than half the properties on Roseberry Street. For the neighborhood and city, it's a compact but very usable size, offering good potential for gardening, outdoor living, or future expansion compared to newer, denser subdivisions.
3. Who might this home not be suitable for?
It may not suit buyers seeking a modern, low-maintenance, or immediately turnkey property. Given the unrenovated basement and the age of the home, it likely requires updates and systems checks, appealing more to those comfortable with a project.
4. The home sold in 2021. What could that indicate?
A sale three years prior could mean the current sellers are moving a recently acquired investment or project. It’s a useful prompt to ask what, if any, work has been done in that time and for clarity on the seller's reason for moving so soon.
5. How should I interpret the "below average" living area?
With 952 sqft, the living space is compact. It's typical for a home of this era and is around the average for Roseberry Street itself, but smaller than most larger, newer homes in the broader Bruce Park area. This emphasizes a lifestyle of efficient living, with potential to expand into the basement or upwards.