Property Overview: 36 Rosewarne Avenue, Elm Park, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home in Elm Park is defined by its generous proportions and established character. Built in 1911, it offers above-average living space (1,546 sq ft) and a sizable lot (5,499 sq ft) compared to most homes on its street and in the wider neighbourhood. A key feature is its renovated basement, adding functional space. The home includes a detached garage.
Its appeal lies in offering more room and land than many comparable properties, providing a sense of space in a mature community. The assessed value is in line with area averages, suggesting a stable, established valuation. This property would suit a buyer who appreciates classic architecture and values interior space and yard size over a newer build date. It’s ideal for someone not intimidated by the maintenance considerations of a century-old home but who sees potential in its updated elements (like the basement) and solid foundational stats.
A less obvious perspective is that its age, while requiring diligence, places it in a cohort of homes with often-sturdy construction and unique architectural details lost in newer builds. Additionally, its "around average" assessment in a desirable area like Elm Park could represent a relative value opportunity for the square footage offered.
Section 2: Frequently Asked Questions
1. What does the home’s age mean for a buyer?
At over 115 years old, this home has enduring character but requires a proactive approach to maintenance. Buyers should prioritize a thorough inspection focusing on foundational integrity, plumbing, electrical systems, and insulation to understand any needed updates.
2. How does the living space compare practically?
With living area rankings in the top 20-30% for the street and neighbourhood, the home provides more interior space than most direct comparables. This is a significant advantage for growing families or those wanting dedicated office or hobby rooms.
3. Is the assessed value a good indicator of the likely sale price?
The assessed value ($35.30k for tax purposes) is a municipal benchmark, not a market price. It indicates the home is valued consistently with the area. The final sale price will be determined by current market conditions, the home’s specific condition, and buyer demand.
4. What are the implications of the lot size?
The lot is above average for the street (top 22%), offering more outdoor privacy and space for gardening, recreation, or expansion than many neighbouring properties. This is a premium feature in established neighbourhoods.
5. What can nearby sales and similar assessments tell me?
The 2020 sale of a smaller home on the same street (11 Rosewarne) and listings of homes with identical assessed values in other areas provide context. They help gauge the neighbourhood’s price range but must be weighed against this specific home’s unique space, lot, and renovation advantages.