Property Summary: 273 Roseberry Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home on Roseberry Street in the King Edward neighbourhood presents a straightforward, no-frills opportunity. Built in 1918, its 871 sqft living area and unrenovated basement reflect its age and functional condition. The lot is a modest 2,709 sqft. Its appeal lies in its position as an affordable, entry-level property in an established central area. The home ranks as average or typical for its immediate street and neighbourhood in terms of size, assessed value, and age, but falls below Winnipeg's city-wide averages, which underscores its affordability.
This property would suit a practical, value-conscious buyer. It's a potential fit for a first-time homeowner comfortable with a home that may require updates over time, or an investor looking for a straightforward rental property without the premium of modern finishes. Its unrenovated state offers a blank canvas, but demands a buyer with realistic expectations about maintenance and potential improvement costs. A less obvious perspective is its relative stability; being statistically average for King Edward might indicate a lower risk of dramatic value shifts compared to more outlier properties, offering a sense of predictability in a central location.
Section 2: Frequently Asked Questions
1. What does "unrenovated basement" typically imply?
It generally means the basement is in original or functional condition, lacking modern finishes. Buyers should budget for potential updates and anticipate a thorough inspection to assess foundational and mechanical systems.
2. How does the assessed value relate to the likely selling price?
The assessed value ($23,100) is for municipal tax purposes and is often, but not always, lower than market value. Recent sold price ranges for this home (e.g., $19.5k–$22.5k in 2019) provide a more direct, though historical, market reference point.
3. The home is below city-wide averages for size and lot. Is that a concern?
Not necessarily. This is common for older, central neighbourhoods and is a key reason for the home's accessibility. It means you're trading private space for location and affordability within the established fabric of the city.
4. Are there any obvious advantages to the lot size?
While smaller than many suburban lots, a 2,709 sqft lot in a central neighbourhood is manageable with lower maintenance. It may still allow for a garden or patio, and can represent a more efficient use of space for those not wanting extensive yard work.
5. What is the significance of the provided rankings and comparisons?
They contextualize the property. Seeing that it's "around average" for King Edward tells you it's a typical home for that specific area, not an outlier. This can help set realistic expectations for your living experience and future resale among similar homes.