Property Overview: 478 Roseberry Street, Winnipeg
Key Characteristics & Appeal
This one-storey home in King Edward presents a practical opportunity centered on its generous lot. Built in 1946, the 1,022 sqft living space is typical for the immediate area and features a renovated basement. Its standout characteristic is the 5,426 sqft land area, which ranks in the top 3% on its street and top 9% in the neighbourhood, offering significant outdoor space that is rare for the area.
The appeal lies in its grounded value and potential. The home sits on a lot that is substantially larger than most nearby properties, providing room for gardening, expansion, or future development. With an assessed value that aligns with local averages, it represents an entry point into a mature neighbourhood where the land itself may hold long-term value. This property would suit a first-time buyer, an investor looking for a land-advantaged asset, or a hands-on owner who values private outdoor space over a larger interior footprint and is comfortable with a home from the 1940s.
Frequently Asked Questions
1. How does the lot size compare to a typical city lot?
While the lot is larger than 91% of properties in King Edward, it is slightly below the city-wide average lot size. Its true advantage is within its immediate local context, where it is exceptionally large.
2. What does "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. Buyers should inquire about the finishes, ceiling height, permits, and whether it includes a separate entrance or legal suite potential.
3. Is the detached garage included?
Yes, the property includes a detached garage. Details on its size, condition, and utility (e.g., wiring, insulation) would need to be verified.
4. How current is the assessed value compared to market price?
The assessed value is for taxation purposes and is often lower than market value. The last recorded sale was in 2016, so a current market appraisal would be necessary to determine today's likely selling price.
5. What are the implications of the home's age?
Built in 1946, the home is older than most in Winnipeg. This can mean charming character but also requires diligent inspection for updates to major systems like wiring, plumbing, and insulation, as well as potential for knob-and-tube wiring or original windows.