Property Overview & Key Characteristics
This one-storey home on Roseberry Street in Winnipeg's King Edward neighbourhood presents a straightforward, no-frills opportunity. Built in 1921, its 730 sqft living area is notably compact, placing it well below the city-wide average for size. The property includes a detached garage and a basement that is noted as being unrenovated. Its assessed value is modest, especially when compared to the broader Winnipeg market, though it is fairly typical for its immediate area.
The primary appeal lies in its affordability and its position as a manageable entry point into homeownership. The lot size, while below the city average, is consistent with the neighbourhood and offers outdoor space. This property would suit a first-time buyer, an investor looking for a rental property, or someone seeking a minimalist, low-maintenance footprint. It’s not a move-in-ready showhome but a functional canvas. A thoughtful perspective is that its smaller scale and lower operating costs align with a practical, less-is-more lifestyle, while its average standing on the street suggests it fits right into the fabric of this established community.
Frequently Asked Questions
1. Is the home in move-in condition?
The listing notes the basement is "not renovated," which suggests the home likely requires some updates or cosmetic work. Prospective buyers should budget for improvements.
2. How does the property's value compare to the area?
Its assessed value is around average for both Roseberry Street and the wider King Edward neighbourhood, but it sits below the average for the entire city. This indicates you are paying a very neighbourhood-specific price.
3. What is the potential for future expansion?
With a living area significantly below local averages, there may be potential to add value through a careful expansion or renovation, subject to local zoning and bylaws. The existing lot size provides some flexibility.
4. How stable have property values been here?
Based on the sold price history, the property has maintained a relatively stable value within its range over the past several years, typical for the area.
5. What are the ongoing costs like?
With a below-average assessed value, municipal property taxes should be comparatively low. The compact size of the home could also lead to lower utility costs.