Property Overview
This 748 sqft home, built in 1912 on a 3,129 sqft lot at 605 Rosedale Avenue in Lord Roberts, presents a specific and practical opportunity in Winnipeg’s market. Its appeal lies not in size or newness, but in its position as a relatively affordable entry point into a mature, central neighbourhood. The home’s assessed value is notably above average for the Lord Roberts area, suggesting the property is viewed favorably within its immediate context despite its smaller living space. It last sold in the $250k-$300k range around 2020.
This property would suit a first-time buyer, an investor, or someone looking to downsize, prioritizing location and lot potential over move-in-ready size or modern finishes. It’s for a buyer who sees the value in a character home that offers a manageable project or a solid foundation in a well-established community, without the premium of a larger, renovated house.
Key Considerations & FAQs
1. What does the assessed value being "above average" for Lord Roberts really mean?
While the home is smaller than many in the area, its official assessed value ranks in the top 29% for the neighbourhood. This indicates that, for its specific attributes, it is considered more valuable than many surrounding properties, which could be due to its lot, location on the street, or other factors not solely tied to square footage.
2. Is the smaller living area a major drawback?
At 748 sqft, the living space is below average for the street, neighbourhood, and city. This makes it a compact home, likely with one or two bedrooms. It appeals to those seeking efficiency and lower maintenance, but families or those needing more room may find it limiting without potential expansion.
3. What are the implications of the home's age (1912)?
Built 114 years ago, the home is older than most in Winnipeg. This typically means character and established landscaping, but also necessitates a thorough inspection for foundational integrity, wiring, plumbing, and insulation. Budgeting for ongoing maintenance or updates is essential.
4. How does the lot size compare and what does it offer?
The lot is around average for Lord Roberts but below the citywide average. At just over 3,000 sqft, it provides a decent outdoor space for a home of this size—a valuable asset in a central neighbourhood—but is not an exceptionally large parcel.
5. Who would this property not suit?
It’s likely not ideal for those seeking a modern, open-concept layout without renovation work, or for buyers who prioritize maximum interior space above all else. Its value proposition is rooted in location and potential, not in immediate grandeur or size.