Property Overview
638 Rosedale Avenue is a compact, post-war home in Winnipeg's Lord Roberts neighbourhood. Its primary appeal lies in its generous, above-average lot size for the area, offering valuable outdoor space on a quiet street. The home itself is modest in size, making it a straightforward, lower-maintenance option. It would suit first-time buyers seeking an entry point into a central neighbourhood, downsizers looking to reduce living space without sacrificing yard size, or investors interested in a property with redevelopment potential due to its sizable lot.
Key Characteristics & Suitability
- The Home: Built in 1947, it is newer than many area homes. With 600 sq ft of living space, it is notably compact—ranking in the bottom 3% for size locally. This indicates a cozy, efficient layout.
- The Land: The 5,010 sq ft lot is a standout feature, ranking in the top 21% on Rosedale Avenue. This provides a rare amount of private outdoor space for the inner city.
- Value & Market Position: The assessed value is around the neighbourhood average. It last sold for an estimated $250k–$300k in 2024, suggesting it is priced accessibly within the Winnipeg market.
- Ideal Buyer: This property is best for those who prioritize land over living area. It’s a practical choice for someone comfortable with a smaller interior footprint who values gardening, outdoor privacy, or future expansion possibilities more than ample indoor space.
Frequently Asked Questions
1. Is the house too small for comfortable living?
At 600 sq ft, the living area is significantly below the local average. It would require efficient use of space and is likely best for one or two people. The appeal is balanced by the larger-than-average lot.
2. What does the above-average lot size mean for me?
A 5,010 sq ft lot in this area is a valuable asset. It offers ample room for gardening, recreation, or storage. In the long term, it may also present more options for additions or redevelopment compared to neighbouring properties.
3. How does the assessed value relate to the likely selling price?
The assessed value is for municipal tax purposes and is often lower than market value. The 2024 sale in the $250k–$300k range is a more current indicator of its market price.
4. The home is newer than others on the street. Is that an advantage?
Built in 1947, it is newer than the street average (1925). This could mean fewer concerns related to very old plumbing or electrical systems found in century-old homes, though a full inspection is still essential.
5. What are the immediate neighbours like?
The listing shows several nearby homes on Rosedale Avenue, suggesting a stable, established streetscape with closely situated properties, which is typical for the neighbourhood.