Property Overview
This one-storey home at 26 Rosewarne Avenue in Winnipeg's Elm Park neighbourhood presents a classic, grounded opportunity. Built in 1924, it sits on a notably generous lot for its street and offers a functional layout with an unrenovated basement and a detached garage. Its appeal lies in its established, quiet location and the tangible potential inherent in its above-average land size and a structure that has been maintained for over a century. The recent sale price suggests it was positioned as a value-conscious entry into the area.
This property would suit a practical buyer looking for a solid foundation in a mature neighbourhood. It's ideal for someone comfortable with a home that may require gradual updates, or an investor seeking a property with a good land-to-building ratio. It’s less suited for those seeking a modern, turn-key home or extensive finished space.
Key Details & FAQs
- Style: One-Storey House
- Year Built: 1924
- Living Area: 1,104 sq ft
- Land Area: 5,499 sq ft
- Basement: Yes, not renovated
- Garage: Detached
- Last Sale: December 2024
1. What is the neighbourhood like?
Elm Park is a long-established, quiet residential neighbourhood in Winnipeg. It features mature tree-lined streets and a mix of well-kept older homes, offering a settled community feel.
2. How does the lot size compare?
The land area of 5,499 sq ft is a standout feature, ranking above average for Rosewarne Avenue. This provides more outdoor space than many neighbouring properties, a benefit for gardening, expansion, or simply having a larger yard.
3. What should I know about the home’s condition?
The home is over 100 years old. The listing notes the basement is "not renovated," which typically means it is in a functional, utilitarian state. A thorough inspection is highly recommended to understand the condition of major systems like plumbing, electrical, and the foundation.
4. Is there potential for expansion or addition?
The generous lot size could provide flexibility for future additions, a larger garage, or landscaping projects, subject to local zoning bylaws and permits. This is a key point of value for a buyer with long-term plans.
5. How does its value compare?
The home's assessed value is below the average for its immediate street but aligns more closely with the broader neighbourhood average. The recent sale price indicates it transacted at a level considered competitive for the area, likely reflecting its condition, size, and the market at the time.