397 Roseberry Street

Property Overview

This one-and-a-half storey home on Roseberry Street in Winnipeg's King Edward neighbourhood presents a practical opportunity. Built in 1947, its key appeal lies in its generous 5,424 sqft lot, which is notably larger than most in the immediate area and offers significant outdoor space or future potential. The 1,030 sqft living area is comfortably above average for the street and neighbourhood. A recently renovated basement adds modern, functional living space. The home’s assessed value is consistent with area norms, suggesting a stable, established setting.

Its appeal is grounded in space and location. It suits a first-time homebuyer or an end-user looking for a character home with a sizable yard in a central neighbourhood, without the premium price of newer or larger city-wide properties. It’s a home for someone who values lot size over sheer interior square footage, and who appreciates a property that is in line with, rather than an outlier from, its community’s value.

Frequently Asked Questions

What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This would be a key point to clarify with the seller or agent to understand the quality and functionality of the space.

How does the assessed value relate to the likely selling price?
The assessed value of $26,900 is a municipal tax valuation. The last recorded sale in 2019 was between $23.5k and $26.5k. The current market price will be influenced by recent sales of comparable homes, condition, and market trends, not the assessment.

Is the detached garage included?
Yes, the property includes a detached garage. The specifics on its size, condition, or features are not detailed in the provided information.

The home is older. What should I consider?
Built in 1947, the home is typical for the area. Prospective buyers should budget for a thorough inspection to assess the condition of major aging components like the roof, plumbing, electrical, and foundation, which are standard considerations for homes of this era.

The lot is large. Are there any restrictions on its use?
The 5,424 sqft lot is a standout feature. It’s wise to verify with the city if there are any easements, rights-of-way, or zoning bylaws that might affect plans for additions, gardens, or other structures.