Property Overview: 191 Roseberry Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home in Bruce Park is a classic Winnipeg character property built in 1918, sitting on a 3,253 sqft lot. With 946 sqft of living space, it presents a compact and manageable footprint. The home has an unfinished basement and no garage. Its recent sale price of $190k is notably below average for the city, reflecting a value-oriented entry point into the market.
The primary appeal lies in its land value and location. The lot size is above average for the immediate street and represents a significant portion of the property's worth. For the right buyer, this offers future potential—whether for expansion, gardening, or simply enjoying more outdoor space than is typical at this price point. It suits a pragmatic first-time homebuyer, an investor looking for a land-hold opportunity, or someone seeking a modest, no-frills home in a central neighbourhood without a large mortgage. It’s not a move-in-ready showhome, but a solid foundation for someone willing to build sweat equity or who prioritizes financial flexibility over immediate modern finishes.
Section 2: Frequently Asked Questions
1. Is the low assessed value a concern?
No, it’s not a direct concern for market value. Municipal assessed value for taxation purposes often lags behind market sale prices, especially for older homes in transitioning areas. The recent sale at $190k is the current market indicator.
2. What does "below average" for the neighbourhood mean?
The data shows that for key metrics like living area and year built, this home ranks below the typical Bruce Park home. This simply confirms it is a more modest, older property compared to many in the broader area, which is a key reason it is priced accessibly.
3. What can I do with a large lot on a modest home?
The lot is a standout feature. Owners often use the space for large gardens, recreational areas, or secure off-street parking. In the long term, the lot size may also provide options for additions or redevelopment, subject to city zoning bylaws.
4. How significant is the unfinished basement?
It provides essential utility space and storage but will require investment to become finished living area. View it as a blank canvas for future improvement, but budget accordingly as renovations are not reflected in the current price.
5. The home is over 100 years old. What should I check?
A thorough inspection is essential. Focus on the integrity of the foundation, roof, wiring, and plumbing. While old homes are built with durable materials, their systems may be at or beyond their typical lifespan and require updating.