Property Overview: 318 Rosedale Avenue, Lord Roberts, Winnipeg
Key Characteristics & Appeal
This home is defined by its substantial scale and mature lot in the established Lord Roberts neighbourhood. Its primary appeal lies in offering above-average space both inside and out. With 1,392 sqft of living area and a 6,247 sqft lot, it significantly outpaces the typical home on its street and in the wider area. This creates rare potential for expansion, gardening, or outdoor living in a central location.
The assessed value of $410k is in the top 10% for Rosedale Avenue, indicating it is viewed as a premium property within its immediate context. A key, less obvious characteristic is its 1905 build date, making it one of the oldest homes in the area. This appeals to buyers seeking character and heritage, but it also implies a need for thoughtful maintenance and potential updates. The sale history shows a notable value increase from the $250k-$300k range in 2016 to $400k-$450k in 2023, suggesting strong market confidence in the property and area.
This home would best suit buyers who prioritize interior and exterior space over modern construction, and who are prepared to steward a character home. It’s ideal for those looking to put down roots in a quiet, tree-lined central neighbourhood, with the understanding that a home of this age requires a proactive approach to upkeep.
Frequently Asked Questions
1. What does the 1905 build year mean for maintenance?
As one of the oldest homes in the neighbourhood, it likely possesses unique character details but also means systems like wiring, plumbing, and the foundation may require more attention or have been updated over time. A thorough inspection is essential.
2. The lot is large for the area. What are the possibilities?
The 6,247 sqft lot is a standout feature. It offers ample space for a large garden, play area, or future additions like a garage, workshop, or expanded deck. It's a rare asset for infill development in this central location.
3. How does the assessed value compare to the likely selling price?
The $410k assessment is a municipal valuation for tax purposes. The 2023 sale in the $400k-$450k range and the current market conditions will be stronger indicators of today’s likely selling price.
4. The home sold in 2016 and 2023. Is that frequent turnover?
Two sales in seven years is not unusually frequent. The significant value increase between those sales aligns with broader market trends and possibly reflects updates made by the previous owner.
5. What is the Lord Roberts neighbourhood like?
Lord Roberts is a mature, central neighbourhood known for its quiet, tree-lined streets, classic home styles, and convenient location. It typically attracts buyers seeking established communities with a residential feel close to amenities.