Property Overview: 138 Roseberry Street, Bruce Park, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in Bruce Park is defined by its generous, above-average lot size—a standout feature that places it in the top 13% for land area on its street. Built in 1949, the home itself is of a modest 924 sqft but benefits from a renovated basement, adding functional living space. A detached garage provides additional utility or storage.
The primary appeal lies in its land value and location. The lot offers significant potential for expansion, gardening, or outdoor living, a rarity compared to many city properties. With an assessed value that is above average for the immediate street, it presents a solid foundation of equity. The recent renovation of the basement suggests move-in readiness and modernized amenities below ground.
This property would best suit a pragmatic buyer who values land over square footage, such as a first-time homeowner looking for a footprint to grow into, or an investor who recognizes the inherent value in the lot size and the upside of already-completed improvements. It’s a practical choice for those who see potential in outdoor space and location rather than a large, move-in-ready interior.
Section 2: Frequently Asked Questions
1. Is the lot size typical for the area?
No, it’s a key advantage. At over 5,400 sqft, the lot is significantly larger than the average for both the street and the broader Bruce Park neighbourhood, offering more private outdoor space.
2. How does the home’s size compare to others?
The 924 sqft living area is modest, below the average for both Bruce Park and Winnipeg overall. This indicates the home is likely compact and efficient, with the renovated basement providing crucial additional living space.
3. What does the assessed value tell us?
At $30,600, the assessment is above the street average, which often reflects the value of the substantial lot. The home last sold for $33,500 in 2021, showing a stable value trajectory in line with its assessment.
4. Who might this property not suit?
Buyers seeking a large, modern interior without future renovation work may find the main floor living space limited. It’s better suited for those comfortable with a cozy layout or willing to plan a future expansion to capitalize on the lot.
5. What is less obvious about this property’s data?
While the year built (1949) is average for the street, it is actually above average (newer) for the older Bruce Park neighbourhood. This suggests the home may have newer core systems than many immediate neighbours, potentially a hidden benefit.