Property Overview & Appeal
This home at 429 Rosedale Avenue in Winnipeg's Lord Roberts neighbourhood presents a distinct blend of classic character and practical space. Its primary appeal lies in its generous proportions, both in the 1,687 sqft living area and the 6,248 sqft lot, which rank well above average for the street and the wider city. This offers significant potential for living, entertaining, and gardening. While the 1909 build date means it carries the charm and potential complexities of its era, its assessed value remains in line with area averages, suggesting a stable entry point into a desirable location. This property would best suit a buyer who values space and established neighbourhoods over new construction—someone ready to appreciate the substance of a character home and its larger-than-average lot, whether for immediate use or future possibilities.
Frequently Asked Questions
1. How does the home’s age impact its value and appeal?
Built in 1909, the home is notably older than most in the area. This can be a source of character and sturdy construction for some buyers, but it typically implies a greater need for attention to aging systems (like plumbing or electrical) and potential renovations. Its appeal is for those who prioritize lot size and interior space over modern build dates.
2. The sold price history shows a range. What does that indicate?
The listed sold price range (CA$350k–400k for 2024) is based on public data estimates. To obtain the exact sale price, you must request it directly from the listing service. This range, however, places the home's past sale in a competitive tier for the area, suggesting strong market interest.
3. The living area is large, but how does the assessed value compare?
The home’s living area is in the top tier for the neighbourhood, yet its assessed value is around the local average. This disconnect can sometimes indicate that the assessed value hasn't recently caught up to market trends or the full potential of the property's size, but it may also reflect the offsetting costs associated with an older home.
4. What is the significance of the lot size ranking so highly?
The lot size is in the top 10% on Rosedale Avenue. In established neighbourhoods, a larger lot is a finite asset that adds long-term value, providing more outdoor privacy, space for additions, or landscaping potential than most nearby properties.
5. Who are the most relevant comparable properties?
The most meaningful comparisons are the nearby homes on Rosedale Avenue and in Lord Roberts, as shown. These share the same location appeal and general vintage. The "similar assessed value" list includes homes across Winnipeg at the same tax valuation, but these are less relevant for direct comparison as they can be in vastly different neighbourhoods and conditions.