142 Roseberry Street

Property Overview: 142 Roseberry Street, Bruce Park, Winnipeg

Section 1: Key Characteristics & Appeal

This is a compact, one-storey home built in 1923 on a standard city lot in Bruce Park. Its key characteristic is its modest scale, with a living area of 675 sqft that is notably smaller than most area homes. The property features a detached garage and an unrenovated basement. Its appeal lies in its fundamental affordability and value as a land-holding proposition in a mature neighbourhood. The lot size is average for its immediate street, suggesting potential for expansion or redevelopment in the future, which is a less obvious but key perspective for the right buyer.

The home would best suit a first-time buyer or investor comfortable with a project. It represents a lower barrier to entry into the Winnipeg market, ideal for someone seeking to build equity through renovations over time. Alternatively, it could serve as a straightforward rental property. It is less suited for those requiring move-in-ready condition or more spacious accommodations.

Section 2: Frequently Asked Questions

1. What does "unrenovated basement" typically imply?
It generally means the basement is in original or utilitarian condition, likely with concrete floors and walls, and is suited for storage or basic laundry facilities rather than finished living space.

2. How significant is the smaller living area?
At 675 sqft, the home is quite compact. Buyers should be prepared for efficient use of space and consider if the layout meets their needs, though the unrenovated state offers a chance to reconfigure.

3. Does the assessed value indicate the likely sale price?
Not directly. The assessed value ($24.4k) is for municipal tax purposes. The last recorded sale was $22.5k in 2020. The market price will be determined by current conditions, buyer demand, and the property's potential.

4. What are the advantages of a 1923 build?
Homes of this era often feature solid construction and simple, durable materials. However, prospective buyers should budget for potential updates to systems like wiring or plumbing to meet modern standards.

5. Is the detached garage a major benefit?
Yes, especially in Winnipeg. It provides secure vehicle storage and workshop space separate from the house, which is a valuable asset given the climate and the home's smaller interior size.