Property Summary: 143 Roseberry Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Bruce Park is defined by a significant contrast: it sits on a generous, above-average lot of over 4,500 sqft, while the house itself is notably compact at 657 sqft of living space. Built in 1920, it presents a classic opportunity where the land is a primary asset. The appeal lies in this potential. The property suits a specific buyer: someone looking for a footprint in a central neighbourhood, comfortable with a project. It’s ideal for a hands-on buyer planning a future expansion or rebuild, an investor considering a long-term hold for the land value, or a minimalist seeking a modest home with ample outdoor space. The detached garage adds practical utility. Its last sale price was around the city average, suggesting the market recognizes this balance of a smaller, older home on a desirable lot.
A less obvious perspective is that its very compact size and unrenovated state could be a strategic advantage, allowing a new owner to design and build an addition or new structure without the financial burden of demolishing a larger, more recently updated home.
Section 2: Frequently Asked Questions
1. Is this a "tear-down" property?
Not necessarily. While the living area is small and the basement is unrenovated, the house is functional. The opportunity allows for either a full rebuild, a significant expansion, or living in it as-is while planning for the future.
2. How does the lot size compare to others?
The land area is a key feature. At 4,557 sqft, it is larger than most lots on Roseberry Street and in the broader Bruce Park area, offering more outdoor space and redevelopment flexibility than typical for the neighbourhood.
3. What does the "Below Average" assessed value mean?
The lower assessed value primarily reflects the home's small size and age compared to city averages. It does not necessarily reflect the market value of the property, which is influenced more by the lot size, location, and recent sale prices in the area.
4. What type of renovation would be feasible?
Given the lot size, significant lateral additions are a strong possibility, subject to local zoning. Alternatively, a second storey could be explored. A professional design consultation would be essential to understand the full scope of potential.
5. Are homes on this street being updated or replaced?
The presence of homes with similar assessed values and varying sizes on the street suggests a mix of original and updated properties. This indicates a neighbourhood in a gradual state of change, which can be positive for future value.