Property Overview: 316 Roberta Avenue, Winnipeg
Key Characteristics & Appeal
This home presents a distinct value proposition in Winnipeg's Rossmere-B neighborhood. Its key characteristic is a significant price advantage, with an assessed value of $222k—well below area and city averages. This is balanced by a living space of 1,138 sq ft, which is above average for the immediate neighborhood and provides comfortable room for a small family or couple.
The appeal lies in its potential as an entry point into a stable community. While the 1914 build date means it is one of the older homes on the street and likely requires attention to maintenance, updates, or systems, this is reflected in its accessible price. The lot size is standard for the area, offering typical outdoor space. It would best suit a practical, value-conscious buyer—such as a first-time homeowner, an investor looking for a rental property, or a hands-on individual willing to undertake renovations in exchange for a lower initial investment. It’s a property where you are paying for land and location within a community, with the understanding that the home itself may need modernization.
Frequently Asked Questions
1. Why is the assessed value so much lower than neighboring homes?
The primary reason is the home's age. Built in 1914, it is significantly older than most area homes (average build year is 1957 on this street). Assessed value accounts for the condition and modernity of the property, so older systems, layouts, and finishes typically result in a lower valuation.
2. Is the living space adequate for a family?
At 1,138 sq ft, the living area is actually above the neighborhood average. It provides a functional amount of space for a small to medium-sized family, comparable to many post-war bungalows in the area.
3. What should I budget beyond the purchase price?
Given the age, you should budget for potential updates to major systems like plumbing, electrical, or heating. A thorough inspection is essential. The price advantage allows room for investment in renovations.
4. How does the recent sold price compare?
Records show it last sold between $200k-$250k in September 2021, placing it in the most affordable tier for the street and city at that time. This is consistent with its long-standing position as a lower-valued property in the area.
5. Where can I get exact historical sale data?
The website notes that due to industry rules, exact MLS sold records are not displayed. They offer to manually provide the full transaction history and exact figures via email upon request, at no cost.