Property Overview: 381 Rosedale Avenue, Lord Roberts, Winnipeg
Key Characteristics & Appeal
This 1910-built home on Rosedale Avenue is a classic, compact property that presents a clear value-oriented opportunity. Its primary appeal lies in its position as one of the most accessibly priced homes in the established Lord Roberts neighbourhood. With a living area of 878 sqft, it is notably smaller than average for both the street and the city, suggesting a cozy layout suited to efficient living or a minimalist lifestyle. The lot size of 3,123 sqft is fairly typical for the local area, offering a manageable outdoor space.
The home’s most striking characteristic is its assessed value, which ranks at the very bottom of the scale for Rosedale Avenue. This positions it not as a premium property, but as a potential entry point into a desirable inner-city neighbourhood. It would suit a first-time buyer, an investor looking for a rental property with a lower entry cost, or a practical buyer who prioritizes location over square footage and is prepared for the character and potential updating needs of a 116-year-old home. Its value proposition is grounded in land and location rather than in the size or modern condition of the structure itself.
Frequently Asked Questions
1. Why is the assessed value so much lower than other homes on the street?
The assessed value is likely lower due to the home's smaller size (below average for the street) and its age. Assessments consider factors like living area, condition, and improvements, so a compact, older home will typically be valued lower than larger, renovated properties nearby.
2. What should I know about buying a home built in 1910?
While offering classic charm, a home of this age will likely have older building systems (like plumbing, wiring, and heating). A thorough inspection is essential to understand the condition of the foundation, roof, and structure, and to budget for potential updates or maintenance.
3. How does the sold price history work?
The listed sold price (e.g., CA$150k–200k in 2017) is an estimated range based on public data. To obtain the exact historical sale price, you must request it directly via the provided email service, which manually verifies the records.
4. Is the lot size a pro or a con?
At just over 3,000 sqft, the lot is manageable and fairly standard for Lord Roberts. It’s large enough for a garden and outdoor space but smaller than typical suburban lots. This can be an advantage for those seeking lower maintenance.
5. What does the "Top %" ranking mean for each metric?
These rankings show how this property compares to others. For example, "Top 100%" for assessed value on Rosedale Avenue means 100% of comparable homes on the street have a higher assessed value—it ranks at the bottom. Conversely, "Top 72%" for year built means it is older than 72% of homes on the street.