Property Overview
38 Rosewarne Avenue is a one-and-three-quarter storey home in Winnipeg's Elm Park neighbourhood, built in 1930. With 1,344 sqft of living space on a 5,499 sqft lot, it presents a classic, grounded opportunity. The home features a detached garage and an unrenovated basement.
Key Characteristics & Appeal
This property’s appeal lies in its established location and solid fundamentals rather than modern finishes. The living space is consistently "around average" compared to the street, neighbourhood, and city, indicating a comfortable, typical size for the area. More notably, the lot size ranks "above average" on its street, offering valuable outdoor space in a mature setting. The home’s assessed value also ranks above average locally, suggesting it is viewed favorably relative to its immediate peers.
It would suit a buyer who appreciates the character of a 1930s home and sees potential in a property with an unrenovated basement—a blank canvas for future projects. It’s a practical choice for someone seeking a home in a stable, older neighbourhood without the premium price of a fully updated property, and who values a larger-than-standard lot on the street for gardening, play, or expansion.
Frequently Asked Questions
1. What does "one-and-three-quarter storey" mean?
This is a common Winnipeg architectural style, typically featuring a full main floor and a second floor where the roofline slopes inward, creating some rooms with sloped ceilings or slightly less square footage than a full two-storey home.
2. How should I interpret the assessed value versus the last sale price?
The assessed value ($40.70k) is for municipal tax purposes. The last recorded sale price was $36.80k in September 2020. The market value for a sale today would be determined by current market conditions and is typically much higher than these historical figures.
3. What are the implications of an unrenovated basement?
It means the basement space is functional but likely dated. This presents both a cost-saving opportunity (you’re not paying a premium for a finished space) and a future project. It’s essential to have it inspected for moisture, foundation integrity, and the condition of mechanical systems.
4. How does the age of the home (1930) factor in?
While the home is below the neighbourhood average for year built, this is common for Elm Park. It means you can expect classic construction and charm, but also should budget for potential updates to older wiring, plumbing, or windows, and ensure a thorough inspection.
5. Is the lot size a significant advantage?
Yes, particularly on this street. Ranking in the top 22% for lot size among nearby homes means you have more private outdoor space than many of your immediate neighbours, which is a valuable and less common feature in established areas.