Property Overview: 477 Roseberry Street, Winnipeg
Key Characteristics & Appeal
This one-storey home on Roseberry Street in King Edward is defined by its generous 6,076 sqft lot, which is exceptionally large for the area—ranking in the top 1% of the street and top 5% of the neighbourhood. The house itself, built in 1954, offers 1,040 sqft of living space, which is above average for local comparisons. It features a basement that is noted as being unrenovated, and there is no garage or pool. The property’s assessed value consistently places it above average within its immediate context.
The primary appeal lies in its land size, offering significant outdoor space and future potential in a well-established area. Its above-average living area and solid assessed value for the street suggest a structurally sound home in a desirable location. This property would best suit a buyer looking for a long-term project—someone who values space over immediate move-in readiness and is comfortable with a home that has an unfinished basement. It’s also a strong candidate for buyers who see value in the potential for expansion, subdivision, or garden space that a lot of this size can provide.
Frequently Asked Questions
1. What is the true standout feature of this property?
Beyond the home itself, the standout is the lot size. At over 6,000 sqft, it offers rare outdoor space for the King Edward neighbourhood, presenting opportunities for gardening, recreation, or future development that are uncommon in this area.
2. How does the unrenovated basement impact value and livability?
The basement presents both a cost and an opportunity. It will require investment to finish, but it also allows a new owner to customize the space to their needs without paying a premium for a prior owner’s renovations.
3. Is the assessed value a reliable indicator of the likely selling price?
The assessed value ($30,400) is for municipal tax purposes and is typically lower than market value. Recent sold price ranges for this home (from $24.5k-$27.5k in 2022 to $30.5k-$33.5k in 2023) show market movement. A current sale would be influenced by broader market conditions and the property’s unique lot size.
4. With no garage, what are the parking options?
Parking would be limited to driveway or on-street. Buyers should consider the practicality of this for their household, especially during Winnipeg winters.
5. The home is older—what should I be mindful of?
Built in 1954, potential buyers should budget for and investigate the condition of major aging components, such as the roof, plumbing, electrical systems, and insulation, to understand any immediate or near-future capital costs.