Property Overview
This one-storey home at 221 Rose Hill Way in Winnipeg's Inkster Gardens neighbourhood presents a practical and straightforward living option. Its key appeal lies in its relative affordability and manageable scale. With 1,115 sqft of living space and a renovated basement, the home offers functional space for a small household. Built in 1986, it is notably newer than many homes in the immediate area and city-wide, which can be a positive for maintenance and systems. The lot size of 4,879 sqft is typical for the neighbourhood.
The property would suit first-time buyers or investors seeking an entry point into the market with a home that requires less immediate updating. Its below-average assessed value for the street and neighbourhood suggests a potentially lower property tax burden, which is a practical advantage. A thoughtful perspective is that while the home's metrics are generally "around average" in broader comparisons, its newer build year within its local context could mean fewer major age-related repairs are looming compared to older peers on the same street.
Frequently Asked Questions
What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This would be a key detail to clarify with the seller or agent to understand if it's a finished living space, a rental suite, or simply updated.
Why is the assessed value significantly lower than the city-wide average?
The home's assessed value is below average for its immediate area. This is often tied to the home's specific characteristics, market conditions in Inkster Gardens, and the lower square footage and lot size compared to peers on Rose Hill Way. It does not necessarily reflect the potential sale price.
How does the sold price history help?
The last recorded sale was in April 2022 for an estimated $35.5k-$38.5k. This provides a recent benchmark, but the current market value would be influenced by changes since then, the condition of the renovation, and current local sales.
Is the lack of a garage a major concern?
The property has no garage. For buyers with vehicles, this means relying on driveway or street parking. This is a common feature in the area, but it's an important practical consideration for potential owners.
What are the implications of the home being "newer" than others on the street?
A 1986 build date is above average for Rose Hill Way. This can be advantageous, potentially indicating newer plumbing, electrical, or roofing materials than neighbouring homes from the 1960s or 70s, possibly leading to lower near-term capital costs.