Property Overview: 7-18 Roman Street, Winnipeg
Section 1: Key Characteristics & Appeal
This Rossmere-A home presents a practical and affordable entry point into the Winnipeg market. Built in 1965, its 644 sqft living area is modest but typical for the immediate street, where it ranks around average in both size and assessed value. The core appeal lies in its financial accessibility, with an assessed value significantly below both neighborhood and city averages. This creates a lower property tax burden and an opportunity for first-time buyers, downsizers, or investors seeking a straightforward, low-maintenance asset. It suits someone comfortable with a smaller footprint who prioritizes financial efficiency over space. A thoughtful perspective is that while the home is older than many in the city, it is actually one of the newer builds on its specific block, suggesting a settled, established streetscape. Buyers should view this as a value-driven purchase where the investment is in the land and location within Rossmere-A, with the understanding that the home itself may require updates.
Section 2: Frequently Asked Questions
1. Is the sold price shown the exact amount paid?
No. For privacy and data licensing reasons, the site shows a sold price range (in this case, CA$100k–150k). You can request the exact historical sold price by emailing the site for a manual lookup.
2. How does this home’s size truly compare to others?
It’s compact. While it’s average for Roman Street (~699 sqft average), it’s notably smaller than the typical Rossmere-A home (~991 sqft average) and Winnipeg home overall (~1,042 sqft average). This confirms it’s a smaller, likely one-bedroom or compact two-bedroom property.
3. What does the assessed value tell me about property taxes?
The assessed value of $106k is well below area averages, which is a key advantage. Your municipal property taxes will be calculated based on this relatively low figure, resulting in ongoing annual savings compared to neighbors in larger homes.
4. The home was built in 1965. What should I consider?
While systems like wiring, plumbing, and the roof will be age-appropriate, the data shows it’s actually the newest home among its direct neighbors on the street (ranked #1 out of 17). This could mean it has had fewer previous owners or a slightly different renovation history than others on the block.
5. Who are the most likely buyers for this property?
It’s best suited for first-time buyers using a modest budget to build equity, investors looking for a rental property with a lower entry cost, or empty-nesters seeking to downsize and reduce living expenses and maintenance. It’s less suitable for those needing space for a growing family or modern, open-concept layouts.