Property Summary: 464 Roseberry Street, Winnipeg
Key Characteristics & Appeal
This one-storey home on a spacious 4,883 sqft lot in King Edward presents a practical opportunity. Its key appeal lies in a balance of value and potential. While the 840 sqft living area is modest and below average for the city, the property holds a notably above-average assessed value for both its street and neighbourhood, suggesting the lot and location are significant value drivers. The home features a renovated basement and a detached garage. A less obvious point of appeal is its year of construction (1955); it is a newer build compared to many homes in the immediate area, which could mean fewer issues associated with very aged infrastructure.
This property would best suit a value-conscious buyer, such as a first-time homeowner or an investor, who prioritizes land size and location over square footage. It’s a candidate for those comfortable with a smaller footprint or those viewing it as a long-term hold with renovation or expansion potential down the line.
Frequently Asked Questions
1. Is the house small compared to others in the area?
Yes. At 840 sqft, the living area is below the average for homes on Roseberry Street and significantly below the Winnipeg citywide average. This indicates a more compact living space.
2. Why is the assessed value relatively high for the neighbourhood?
The assessed value ranks above average for both the street and King Edward. This is likely due to a combination of the larger-than-average lot size, the renovated basement, and the property's overall condition and location within the area.
3. What does the sold price history indicate?
Public records show a sale in May 2020 in the $22.5k to $25.5k range. For context, this sale price ranked around the middle of the market for the area at that time. Exact sale prices require a direct request to the listing service.
4. How does the lot size compare?
The lot is a strong feature. At nearly 4,900 sqft, it is substantially larger than the average lot for both Roseberry Street and the King Edward neighbourhood, offering ample outdoor space.
5. The home was built in 1955. Is that old for this area?
Interestingly, it is newer than many surrounding homes. The average build year for comparable homes on the street is 1945, making this property roughly a decade newer, which may be a relative advantage.