Property Overview: 331 Roseberry Street, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1918, situated on a standard city lot in the King Edward neighbourhood. Its key characteristic is its exceptionally modest scale and valuation. With only 630 square feet of living space, it is significantly smaller than most homes on its street, in the area, and across Winnipeg. This is reflected in its assessed value of $16,500, which is among the lowest percentile citywide.
The primary appeal lies in its potential as an entry point into homeownership or as a straightforward investment property. It suits a very specific buyer: someone seeking the absolute lowest price point for a standalone house, willing to take on a project. A first-time buyer with strong DIY skills, or an investor looking for a basic rental or redevelopment opportunity, might see value here. The home has a basement (unrenovated) and no garage, emphasizing its no-frills nature. A thoughtful perspective is that its small size and low fixed costs could offer a lifestyle of radical simplicity and affordability, a rarity in the current market. However, this comes with the clear understanding that it requires work and offers limited space.
Frequently Asked Questions
1. Why is the assessed value so low compared to the citywide average?
The assessed value is directly tied to the home's very small size (630 sq ft), its age, and its unrenovated condition. It is priced as a foundational property, not a turn-key home.
2. What kind of work or investment might this property need?
The listing notes the basement is not renovated, suggesting it may require basic finishing or moisture management. Given the age and size, buyers should budget for updates to essential systems (like plumbing or wiring), insulation, and likely a full interior refresh.
3. Is this a good option for a first-time buyer?
It could be, but with important caveats. It offers an ultra-low barrier to entry in terms of purchase price and property taxes. However, the buyer must be prepared for the maintenance of an older home and comfortable with very compact living quarters.
4. What are the possibilities for expanding or adding on to the home?
The lot size is 2,710 sq ft, which is below the city average but typical for the central area. There may be potential to expand the footprint or add a second storey in the future, subject to zoning bylaws and a significant construction budget.
5. How reliable are the sold price ranges shown, and how do I get the exact figure?
The sold price history provided is a range based on public data. To obtain the exact sale price from December 2017, you can submit your email via the provided button. The service manually retrieves and sends the accurate figure, typically by the end of the same day, without using your email for unsolicited marketing.