Property Overview
48 Rosewarne Avenue is a one-and-a-half storey home in Winnipeg's Elm Park neighbourhood. Built in 1946, it features 1,192 sqft of living space, a renovated basement, a detached garage, and sits on a 5,499 sqft lot.
Key Characteristics & Appeal
This home presents a practical opportunity in a well-established area. Its key appeal lies in its balance of a generous, above-average lot size for the immediate street and a recently renovated basement, adding modern utility to a classic structure. The assessed value is notably below average for Elm Park, which could indicate a more accessible entry point into the neighbourhood or potential for value growth.
It would suit a first-time buyer or a downsizer looking for a manageable footprint without sacrificing outdoor space. The detached garage and larger lot also appeal to those who value privacy, garden potential, or simple storage needs not always found in newer subdivisions. A thoughtful perspective is that a home with a below-average assessment on a street of higher-valued properties can sometimes signal a chance to add value through updates, making it interesting for buyers with a medium-term vision.
Frequently Asked Questions
1. How does the home’s size compare to others?
At 1,192 sqft, the living area is close to the city-wide average but is slightly smaller than the typical home on Rosewarne Avenue and within Elm Park.
2. What does the below-average assessed value mean?
The assessment is lower than 80% of comparable homes in Elm Park. This doesn't dictate market price, but it can suggest a potentially lower property tax burden or a value proposition relative to the neighbourhood.
3. Is the lot size a significant feature?
Yes. The land area ranks in the top 22% on its own street, meaning the lot is larger than most of its immediate neighbours, offering more outdoor space than you might expect from the home’s modest square footage.
4. How old is the home, and what should I consider?
Built in 1946, it is newer than many on its street but is still an 80-year-old structure. Prospective buyers should budget for routine maintenance expected of a vintage home and consider the condition of major aging components like the roof and foundation.
5. Are there recent sales history or comparable listings?
The home was last sold in November 2020. The provided comparable properties, such as 35 Springside Drive, are useful for gauging size and assessment value in Elm Park but viewing current market listings is essential for understanding today’s price.