Property Summary: 164 Roseberry Street, Winnipeg
Section 1: Key Characteristics & Appeal
This bi-level home at 164 Roseberry Street in Bruce Park presents a compelling mix of modern convenience and manageable scale. Its key characteristic is its 2018 build date, making it a notably newer construction compared to most homes on its street and in the wider neighbourhood. This translates to modern building standards, likely greater energy efficiency, and minimal immediate repair concerns. The home features a renovated basement and a detached garage on a 2,712 sqft lot.
The appeal lies in its turn-key readiness and its position as a modern outlier in an established area. Buyers gain the character of an older community without the typical maintenance burdens of a century-old house. The living space (862 sqft) is compact, promoting a low-maintenance lifestyle, while the lot size is very workable. This property would ideally suit first-time homebuyers seeking a modern, efficient home, downsizers looking to reduce upkeep without leaving a familiar community type, or pragmatic investors attracted by the newer asset with a renovated basement suite potential.
A less obvious perspective is its value proposition within the immediate locale. While its living space is below the neighbourhood average, its assessed value is above average for Bruce Park, suggesting the market places a significant premium on its newness and condition compared to larger, older homes nearby.
Section 2: Frequently Asked Questions
1. Is the renovated basement a legal suite?
The listing notes a renovated basement but does not specify it as a legal secondary suite. Buyers should verify its compliance with local zoning and licensing regulations if considering rental income.
2. How does the 2018 build date impact insurance and utilities?
Newer construction often qualifies for preferred home insurance rates due to updated electrical, plumbing, and roofing. You can also anticipate relatively lower heating and cooling costs due to modern insulation and windows.
3. The lot seems smaller than area averages. Is outdoor space limited?
At 2,712 sqft, the lot is near the street average but below the broader neighbourhood average. It provides a manageable yard for gardening or relaxation without demanding extensive upkeep, which is a plus for many buyers.
4. The home last sold in 2020. Why is it back on the market so soon?
While the reason isn't specified, the relatively quick resale isn't uncommon for newer homes. It could relate to life circumstances like job relocation or changing space needs, not necessarily the property itself.
5. What is the significance of the "Elite" ranking for Year Built?
This statistical ranking confirms the home is among the newest 2-5% of properties in its immediate area. It’s a strong, data-backed differentiator that underscores one of its primary advantages over neighbouring homes.