Property Overview: 173 Roseberry Street, Bruce Park, Winnipeg
Section 1: Key Characteristics & Appeal
This is a classic one-storey home built in 1918, situated on a standard city lot in Bruce Park. Its key appeal lies in its position as an affordable entry point into the Winnipeg market, particularly for a stand-alone house. With 952 sqft of living space and an unrenovated basement, it presents a straightforward, no-frills canvas.
The home’s standout feature is its land value. While the house itself is modest and older, the lot size of 3,580 sqft is actually above average for its immediate street, ranking in the top 40% of similar properties on Roseberry. This suggests underlying value in the property itself, not just the structure. It would suit a first-time buyer, an investor looking for a land-hold opportunity, or a hands-on purchaser who sees potential in a home that hasn't been modernized. Its very low assessed value points to a lower property tax burden, which is a significant, often overlooked advantage for budget-conscious owners. The buyer should be prepared for the realities of a century-old home and view it as a solid foundation rather than a move-in-ready showcase.
Section 2: Frequently Asked Questions
1. What does "below average" assessed value really mean?
It means the city's assessment for this property is lower than most homes in its comparison groups. This typically results in lower annual property taxes, which is a practical financial benefit, but it also reflects the home's age, condition, and smaller size relative to broader area averages.
2. Is the lot size a good feature?
Yes. While the living space is compact, the lot is larger than many on its own street. This offers better outdoor space and potential for additions, gardens, or future redevelopment compared to tighter lots, providing a tangible asset beyond the house itself.
3. Who is this house not for?
It is not suited for buyers seeking modern finishes, ample storage, or large living areas without undertaking significant renovation projects. The lack of a garage and an unrenovated basement also means less immediate utility and storage space.
4. How does the 1918 build year affect things?
It indicates character and solid construction but also means potential for older mechanical systems (like plumbing and wiring), less efficient insulation, and a need for careful inspection for century-home maintenance issues. Its age is typical for the street but older than most in the wider city.
5. Why is the last sale price from 2019 relevant?
It provides a historical benchmark, but market conditions have likely changed. The price from five years ago primarily shows the home has been a stable, low-value property for some time and is not subject to recent speculative price volatility.