Property Overview: 381 Roseberry Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home in King Edward presents a distinct value proposition centered on its renovated basement and manageable scale. With 1,141 sqft of living space, it offers more room than many comparable homes in both the immediate area and the neighbourhood, placing it in the top 19% for living area locally. Its key feature is a renovated basement, adding functional space. The detached garage and a standard city lot of 2,712 sqft round out the package.
The primary appeal lies in its position as an affordable entry point into the Winnipeg market, underscored by an assessed value significantly below city averages. It suits practical, value-conscious buyers such as first-time homeowners or investors looking for a character home (built in 1914) with some modern updates, without the premium of a newer build or a large lot. A less obvious perspective is its potential for those who prioritize interior living space over exterior land maintenance, as the lot size is modest by city-wide standards. It’s a home for those comfortable with the upkeep of an older structure but seeking a move-in-ready basement space.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects factors like the home's age (1914), its modest lot size relative to the entire city, and the market values within its specific neighbourhood and street. It indicates a more affordable tax base compared to newer or larger-lot properties elsewhere in Winnipeg.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope. Buyers should inquire about the finishes, ceiling height, permits, and the intended use (e.g., additional living space, rental suite potential) to understand its true value.
3. How does the living area compare to nearby homes?
This home's living area is above average for both Roseberry Street and the broader King Edward neighbourhood. This means you get more interior space than many direct comparables, which is a key advantage for the area.
4. What are the implications of the home being built in 1914?
While offering classic character, a home of this age will likely have older building systems (plumbing, electrical, foundation). A thorough inspection is essential to understand the condition and any needed updates, beyond the renovated basement.
5. Can I get the exact historical sale price?
Yes, but not automatically displayed. The exact sold price from December 2021 (listed here as a range) can be requested directly from the site via email. They provide this data manually and do not use requests for unsolicited marketing.