Property Overview: 303 Roseberry Street, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1918 on a standard city lot in the King Edward neighbourhood. Its key characteristic is its modest scale, with a living area of 610 sqft that is notably smaller than most homes on its street, in the area, and across Winnipeg. The basement exists but is not renovated, and there is no garage or pool. The home’s assessed value is significantly below average, reflecting its size and condition.
The appeal lies primarily in its position as a true entry-point into homeownership or as a strategic holding property. It suits buyers seeking the lowest possible price point to gain a land title, such as first-time buyers comfortable with a major renovation or expansion project, or investors looking for a straightforward rental property with a very low tax burden. A less obvious perspective is its potential for someone wanting to minimize their physical footprint and utility costs, as the small living area is inherently efficient. The lot, while not large, provides outdoor space and is typical for the central neighbourhood, offering a balance of location and affordability that is increasingly rare.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessed value is based on the property's specific attributes—namely, its very small square footage, age, and unrenovated condition—compared to the much larger and more updated average Winnipeg home.
2. What does "Top 99%" for Living Area mean?
This statistic means that 99% of comparable homes in Winnipeg have a larger living area. It confirms that this is one of the smallest houses on the market, which is the primary factor in its accessible price.
3. Is this a tear-down property?
While the data suggests it may be a candidate for redevelopment due to its size and value, this isn't a given. It could also be a live-in renovation project. The decision would depend on a buyer's goals, the home's structural condition, and local zoning regulations.
4. How reliable are the sold price ranges shown?
The ranges are based on publicly available data. For the exact historical sold price, you must request it directly via the provided email service, which manually verifies the official records.
5. What is the realistic potential for this property?
Realistically, it requires significant investment to modernize and potentially expand. Its potential is tied to the value of adding livable space. For a buyer not looking to build, it remains a very modest, low-cost housing option in a central location.