Property Overview: 493 Roseberry Street, Winnipeg
Key Characteristics & Appeal
This one-storey home in King Edward presents a compelling blend of space, value, and potential. Its most standout feature is the generous 5,425 sqft lot, which ranks in the top 5% for size on Roseberry Street. This offers significant outdoor space, rare for the area, and provides ample room for gardening, expansion, or future development. The home itself, built in 1954, is modest in size at 932 sqft but sits on a renovated basement, adding functional living space. Its assessed value is notably strong for both the immediate street and the broader King Edward neighbourhood, suggesting it is viewed as a solid asset.
The primary appeal lies in its land value and location within a well-established community. It suits a practical buyer—perhaps a first-time homeowner, an investor, or someone looking to downsize—who recognizes the long-term value of a large lot in a central Winnipeg neighbourhood. It’s a property where the land itself may be the key asset, offering more future flexibility than the existing structure. The renovated basement adds immediate utility, making it move-in ready while the large yard presents less obvious opportunities, whether for personal enjoyment or as a strategic holding in an area where land is at a premium.
Frequently Asked Questions
1. How does the home’s size compare to others?
At 932 sqft of living area, the house is very close to the average for both Roseberry Street and the King Edward neighbourhood. It is, however, notably smaller than the Winnipeg city-wide average, positioning it as a more compact, efficient home.
2. Why is the assessed value considered "above average" for the area?
The assessed value of $31,900 ranks in the top 17% for King Edward. This is likely due to a combination of its larger-than-average lot size and the renovated basement, which together elevate its perceived value above many neighbouring properties.
3. What does the large lot size actually mean for a buyer?
A 5,425 sqft lot is significantly larger than most in the immediate vicinity (top 5% on the street). This translates to more private outdoor space and could provide options for adding a garage, workshop, or garden that wouldn't be feasible on a standard lot.
4. Is the sold price history available?
Exact sold prices are not publicly displayed. Available data indicates a sale occurred in June 2019 within a range. The exact figure can be requested directly from the listing service via email.
5. What is the neighbourhood context like?
The home is on a quiet, established street with homes primarily from the mid-20th century. The King Edward area typically offers a mix of well-maintained older homes and represents a stable, central residential community within Winnipeg.