Property Overview
This one-storey home at 225 Roseberry Street in Winnipeg's King Edward neighbourhood presents a practical and straightforward opportunity. Its key appeal lies in being a relatively modern structure for the area, built in 1988, which suggests potentially fewer immediate concerns with major aging components compared to many neighbouring homes. The property features a detached garage and a basement, though the basement is noted as not being renovated.
With a living space of 797 sqft, the house is compact, ranking below the city-wide average for size. This characteristic, paired with its assessed value that sits well below the city average, positions it as an accessible entry point into the market. It would likely suit first-time buyers, downsizers, or investors seeking a lower-maintenance, no-frills property where the value is grounded in the land and the solidity of a more recent build. The lot size is modest, especially compared to the city norm, which translates to less yard upkeep—a bonus for those seeking simplicity.
Frequently Asked Questions
How does the age of this home compare to others in the area?
It is notably newer than most. Built in 1988, it ranks in the top 17% on its street and top 18% in the King Edward neighbourhood for recent construction, where many comparable homes date back to the 1940s.
Is the assessed value a reliable indicator of the selling price?
The assessed value is for municipal tax purposes and is typically lower than market value. This home’s assessed value is around average for its immediate area but is significantly below the Winnipeg city average, reflecting its smaller size and the neighbourhood's pricing.
What should I know about the property's size?
The home's living area is below average for Winnipeg. The lot is also more compact than typical city lots. This is a key consideration if expansion or extensive outdoor space is a priority, but it also means less maintenance.
The data mentions the basement is "not renovated." What does that imply?
This indicates the basement is in a functional, likely unfinished or partly finished state, but has not been modernized or upgraded. It presents potential for future finishing but would require investment.
How stable has the property's value been?
Based on available data, the last recorded sale was in mid-2016 for a price range similar to its current assessed value. This suggests a history of stable, modest valuation in line with area trends, rather than dramatic appreciation.