Property Overview: 259 Roseberry Street, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This one-and-a-half storey home, built in 1918, presents a practical opportunity in Winnipeg's King Edward neighbourhood. Its key characteristic is balance: with 1,197 sqft of living space, it offers more room than many comparable homes on its street and in the immediate area, placing it in the top 15% locally. The property includes a detached garage and a standard city lot.
The appeal lies in its position as a solid, no-frills baseline in a mature community. It’s not the newest or largest property citywide, but it holds its own within its established local context. The home last sold in early 2022, providing a relatively recent market reference point. It would suit a value-conscious buyer—perhaps a first-time homeowner or an investor—who prioritizes functional space and location over modern finishes, as the basement is noted as not renovated. This is a property for someone comfortable with a home that has history and sees potential in its above-average living area for the locale.
Frequently Asked Questions
1. How does the assessed value compare to the likely market price?
The assessed value is significantly lower than the average citywide home assessment, but is typical for the King Edward area. It’s important to note that municipal assessed value is for tax purposes and often differs from current market value, which is better indicated by the 2022 sale price range.
2. What does "basement not renovated" typically imply?
This usually means the basement is in original or utilitarian condition, likely with concrete walls and floors. It offers functional space for laundry and storage, but any finished living space would require a future investment.
3. Is the lot size a disadvantage?
At just over 2,700 sqft, the lot is smaller than many in the city. However, it is near the average for the King Edward neighbourhood itself. It provides adequate outdoor space for a patio or small garden without the maintenance burden of a larger yard.
4. How does the age of the home (1918) affect things?
The age is very typical for the street and area. It means the home has character and solid construction, but prospective buyers should budget for maintenance consistent with a century-old property and ensure thorough inspections for systems like wiring and plumbing.
5. What is the context of the 2022 sale price?
The provided sale price range from March 2022 reflects the market conditions of that time. For a current valuation, it should be used as a foundational data point alongside more recent sales in the area and a present-day market evaluation.