Property Overview
This one-storey home at 27 Rosewarne Avenue in Winnipeg's Elm Park neighbourhood presents a classic, no-frills opportunity. Built in 1920, its key characteristic is its solidly average size, with 1,146 sqft of living space and a 5,490 sqft lot that are both very typical for the immediate area and the wider city. The basement has been renovated, adding functional space. Its appeal lies in its position as a straightforward, unpretentious property in a well-established community. The data suggests it’s not an outlier in any particular metric—it’s not the largest, newest, or highest assessed on its street—which can indicate a stable, predictable value proposition within the context of mature Elm Park.
This home would suit a pragmatic first-time buyer or downsizer looking for a manageable, single-level layout in a quiet neighbourhood without the premium price tag of a fully modernized or expanded home. It also appeals to the value-oriented buyer who sees potential in a renovated basement and appreciates a home that doesn’t require competing for a "top-tier" property on the block. A thoughtful perspective is that its "averageness" in the rankings could be a strength, offering a lower-pressure entry point into a desirable area where more renovated or larger homes command a significant premium.
Frequently Asked Questions
1. Is the assessed value the same as the market value?
No. The current assessed value is $36,10k, which is used for calculating property taxes. Market value is determined by what a buyer is willing to pay, influenced by current market conditions. The home last sold in 2021 for $390k, which is a more relevant, though not guaranteed, indicator of its market price.
2. What does the "below average" year built ranking mean?
The home was built in 1920. The ranking shows it is older than most homes on its street and in Elm Park. This is typical for the core of established neighbourhoods and means buyers should budget for maintenance appropriate to a century-old home, while also appreciating the character and mature landscaping that come with it.
3. How does the lot size compare?
At 5,490 sqft, the lot is slightly smaller than the average on Rosewarne Avenue but is very close to the average for the Elm Park neighbourhood overall. It provides a standard-sized urban yard for the area.
4. What are the implications of the home's "average" size rankings?
The living area is consistently ranked near the middle (50-60th percentile) across street, neighbourhood, and city comparisons. This indicates the home offers a common, functional amount of space for the market, unlikely to be seen as too small or surprisingly large, which helps with both livability and future resale.
5. Are there any obvious features missing?
The listing confirms there is no garage and no pool. The home offers off-street parking via a driveway, and the renovated basement adds valuable interior space that offsets the lack of a garage for many buyers.