Property Overview: 152 Roseberry Street, Winnipeg
Key Characteristics & Appeal
This one-and-three-quarter storey home, built in 1914, presents a classic character home opportunity in the Bruce Park neighbourhood. Its primary appeal lies in its generous living space relative to its immediate street, offering 1,192 sqft which is well above the local average for similar homes. The lot size is a standard city lot, providing manageable outdoor space. Notably, the home has a very low municipal assessed value, which may indicate a significant renovation or redevelopment opportunity for the right buyer. The property does not have a garage, and the basement exists but is noted as not being renovated.
This home would suit a specific type of buyer: a handy investor or renovator looking for a character property with solid square footage in a central location. It's also a potential candidate for someone interested in land value, given the low assessment relative to the neighbourhood. It is less suited for buyers seeking a move-in-ready home or those requiring modern, finished amenities like an updated basement or garage.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
A low assessed value can be due to several factors, including the age of the home, the condition of major systems, and a lack of recent major renovations. It often signals that the property is valued more for its land and location than for its current structure, which can represent an opportunity.
2. What does "one & 3/4 storey" mean for the layout?
This style typically features a full main floor and a second floor where the ceilings slope with the roofline, often creating cozy bedrooms with unique character. Some of the upper-floor square footage may have lower ceiling heights.
3. The sale history shows a significant price drop from 2017 to 2021. What does this indicate?
The sharp decrease in sale price over that period strongly suggests a change in the property's condition or status, such as it being deemed uninhabitable or requiring major repairs. This history underscores the importance of a thorough inspection and understanding the scope of work needed.
4. How does the living area compare practically to newer homes?
While the square footage is generous for a home of its vintage, the layout may be more compartmentalized than modern open-concept designs. The space is there, but it may be divided into more, smaller rooms.
5. What are the implications of having an unrenovated basement?
An unrenovated basement in a 1914 home means the foundational systems—like plumbing, electrical, and the foundation itself—are likely original or very dated. Any renovation would need to start with potentially major updates to these core systems, which should be factored into budget planning.