Property Overview: 289 Roseberry Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home, built in 1918, presents a practical opportunity in Winnipeg's King Edward neighbourhood. With 885 square feet of living space and a full, unrenovated basement on a 2,737 sqft lot, it is a character home with clear potential. Its appeal lies in its position as a relatively affordable entry point into the market. The data shows the home is consistently "around average" for its immediate street and neighbourhood in terms of size, value, and lot dimensions, but sits "below average" citywide, highlighting its affordability within the broader Winnipeg context.
This property would suit a first-time buyer, an investor, or a hands-on individual comfortable with a home that has not been fully updated. The unrenovated basement offers a blank canvas for future development, adding potential value. A thoughtful perspective is that while the home is older, its assessed value has remained stable relative to its immediate area over recent years, suggesting it's a known quantity in a settled part of the community. It’s not a standout in its local market, but rather a solid, typical home for the area, which can be an advantage for those seeking a straightforward purchase without premium pricing.
Section 2: Frequently Asked Questions
1. Is the basement finished or usable in its current state?
No, the listing specifies the basement exists but is "not renovated." It should be considered unfinished space requiring work to be fully livable.
2. How does this home's value compare to others nearby?
The assessed value of $22,100 is around the average for both Roseberry Street and the wider King Edward neighbourhood. This indicates the property is priced consistently with its direct peers, not as a discount or premium for the area.
3. What is the significance of the home's rankings (e.g., "Top 63%")?
These rankings compare the home to others. For example, "Top 63% for Living Area on Roseberry Street" means its living space is larger than 63% of homes on the same street. It performs similarly against neighbourhood averages but ranks lower in citywide comparisons due to its smaller size and lot relative to newer suburban homes.
4. Has the home's sold price increased over time?
Based on the provided sale ranges, the home sold for between $16.5k-$19.5k in 2016 and between $19.5k-$22.5k in 2022. This suggests a modest increase in market value over that six-year period, in line with its stable assessed value.
5. Are there any recent comparable sales for reference?
The listing provides two nearby "reference" properties on Collegiate Street: one older and smaller with a lower assessment, and one newer and slightly larger with a higher assessment. This gives a snapshot of the value spectrum for different home conditions in the same neighbourhood.