Property Overview: 197 Roseberry Street, Winnipeg
Key Characteristics & Appeal
This bi-level home at 197 Roseberry Street in Bruce Park is a study in contrasts, offering modern convenience within a well-established neighbourhood. Its most defining feature is its age: built in 2021, it is a notably new construction, ranking in the top 1-2% for year built on its street, in Bruce Park, and citywide. This means buyers are getting a contemporary property that likely requires minimal immediate upkeep, a rare find in an area where most homes are decades older.
The home sits on a modest 2,711 sqft lot, which is around average for Roseberry Street but smaller than typical Bruce Park or Winnipeg lots. This could be appealing for those seeking lower-maintenance outdoor space. With 1,018 sqft of living space, the interior size is competitive on its immediate street but more compact compared to the broader neighbourhood. A key feature is the renovated basement, adding valuable finished space to the home's footprint.
Its appeal lies in this blend of new-build benefits—modern systems, insulation, and layout—in a mature, tree-lined setting. The recent sale price of $49.50k significantly surpassed its assessed value and is ranked well above average, indicating strong market recognition for this combination.
This property would best suit first-time homebuyers, downsizers, or investors looking for a modern, low-maintenance property in a central location. It’s ideal for those who prioritize a move-in-ready, efficient home over having a large yard or expansive interior square footage.
Frequently Asked Questions
1. What does the "renovated basement" include?
The listing confirms the basement is renovated, but specifics on finish quality, room types, and ceiling height are not provided. This would be a key point for a viewing or inquiry to understand the full usable space.
2. With no garage, what are the parking options?
The property has no garage. Buyers should verify the driveway situation (if any) and on-street parking regulations on Roseberry Street to plan for vehicle storage.
3. How does the assessed value compare to the sale price?
The home recently sold for $49.50k, which is notably higher than its $43.30k assessed value. This suggests the market places a premium on its new condition, a factor to consider for future valuation.
4. Is the smaller lot size a disadvantage?
While the lot is smaller than the Bruce Park average, it is typical for Roseberry Street. This can mean less yard work and lower exterior maintenance costs, which some buyers may prefer.
5. What are the implications of it being a "bi-level"?
Bi-level designs typically feature a short flight of stairs to the main living area and another to the lower level. This layout can create clear separation between living and sleeping areas, but it also means navigating stairs frequently. The renovated basement likely makes the lower level a key part of the living space.