Property Overview: 402 Roseberry Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home, built in 1947, presents a solid opportunity in Winnipeg's King Edward neighbourhood. Its primary appeal lies in its above-average proportions for the immediate area. With 1,239 sqft of living space, it ranks within the top 11% of homes on its own street for size, and it sits on a generous 5,423 sqft lot, which is notably larger than many neighbouring properties. This combination offers more interior room and outdoor space than is typical for the locale.
The home’s assessed value is consistent with the area average, suggesting it is priced in line with local expectations. A less obvious point of consideration is its city-wide context: while the home feels spacious and well-situated within King Edward, its metrics are more average or below average when compared to the entire Winnipeg market. This highlights the property’s true value as a local standout rather than a city-wide one, appealing to buyers focused specifically on this community.
This property would suit a buyer looking for a character home with room to grow or garden, who values space over modern finishes. It’s ideal for someone prioritizing lot size and interior square footage within a established neighbourhood, and who is comfortable with the maintenance and potential updates that come with a home of this vintage. It is a practical choice for a household not needing a brand-new build but seeking a footprint that is larger than most in the vicinity.
Section 2: Frequently Asked Questions
1. How does this home’s size compare to others nearby?
It is notably larger than many homes on its street and in the King Edward neighbourhood, ranking in the top 11-12% for living area locally. The lot size is also a standout feature, being in the top 18% on the street.
2. Is the assessed value a good indicator of the likely selling price?
The assessed value is around the average for both Roseberry Street and the King Edward area. It can serve as a baseline, but market conditions, the home’s specific condition, and buyer demand will ultimately determine the sale price.
3. What should I consider about a home built in 1947?
While offering classic character, a home of this age will likely have older major systems (like plumbing, electrical, and the roof). A thorough inspection is essential to understand the condition and potential upcoming investments needed for maintenance or modernization.
4. The data shows it sold in August 2020. What does that past sale indicate?
The previous sale price provides a historical benchmark, but it reflects the market conditions over four years ago. It’s more useful for understanding broad appreciation trends than for predicting the current market value.
5. How does this property fit into the wider Winnipeg market?
This home’s appeal is primarily local. While it offers above-average space for King Edward, its living area and assessed value are around or below the city-wide average. This underscores that its prime advantages are relative to its immediate community.