Property Overview: 225 Rose Hill Way, Winnipeg
Section 1: Key Characteristics & Appeal
This 1986 bi-level home in Inkster Gardens presents a practical and affordable entry point into the Winnipeg market. Its key characteristic is its compact, efficient size at 870 sq ft, which is notably smaller than most comparable homes in its immediate area and neighborhood. This is balanced by a renovated basement and an average-sized lot of approximately 5,555 sq ft. The home’s assessed value is modest relative to its street and neighborhood, yet aligns more closely with the city-wide average, suggesting it represents a value-oriented proposition within its specific location.
The appeal lies in its potential for budget-conscious buyers. The lower living space translates to lower utility costs and less maintenance, while the renovated basement adds functional space. The lot size offers adequate outdoor room for a garden or recreation. It would suit first-time homebuyers, investors looking for a rental property, or downsizers seeking a manageable home without a large yard to upkeep. A thoughtful perspective is that while it ranks below average in size and value on its street, this can be an advantage for those wanting lower property taxes and a simpler footprint, in a home that is actually newer than many across the city.
Section 2: Frequently Asked Questions
1. Is the price competitive for the area?
Yes, based on assessed value, the home is priced below the average for both Rose Hill Way and the wider Inkster Gardens neighborhood. This indicates a potentially more accessible price point for the area.
2. What does "below average" living area mean practically?
At 870 sq ft, the home's main living area is significantly smaller than many nearby homes. This means efficient use of space is key. It may be ideal for 1-2 people but could feel cramped for a larger family, though the renovated basement provides additional flexible space.
3. How does the year built (1986) affect the home?
Built in 1986, the home is newer than many in Winnipeg overall. This can be positive, potentially meaning fewer issues with aging components than in much older homes, though it is still nearly 40 years old and a thorough inspection is recommended.
4. Why is the city-wide assessed value comparison so different?
While the home's value is low for its immediate area, it ranks around average city-wide. This highlights that Inkster Gardens may have higher average property values than many parts of Winnipeg, so this home represents a more affordable option within that particular community.
5. How reliable are the sold price ranges shown?
The sold price history provides estimated ranges from public data. For the exact historical sold price, you must request it directly via the provided email service, as this information is verified and supplied manually.