Property Overview: 123 Rose Hill Way, Winnipeg
Key Characteristics & Appeal
This one-storey home in Inkster Gardens presents a practical and affordable entry point into the Winnipeg market. Built in 1984, its key features include a renovated basement, a detached garage, and a 5,000 sqft lot. With 1,057 sqft of living space, it sits comfortably around the average size for its immediate street and the wider city, offering a manageable footprint.
The primary appeal lies in its value proposition. The home's assessed value is notably below average for both Rose Hill Way and the Inkster Gardens neighbourhood, suggesting a potentially lower property tax burden and an accessible price point. This is a home that prioritizes function and fundamentals over premium finishes. Its renovated basement adds flexible living space, a significant asset for a home of this size. The detached garage and generous lot offer practical utility and outdoor potential.
This property would suit first-time buyers seeking a solid starter home without a hefty financial load, or practical investors looking for a rental property with a strong baseline. It’s a house for those who see value in a well-located, no-frills canvas they can personalize over time, rather than a turn-key showcase. A thoughtful perspective is that its "below average" assessment for the area could be a long-term advantage, providing a more stable and predictable cost base compared to more aggressively valued properties.
Frequently Asked Questions
1. What does the "below average" assessed value actually mean for a buyer?
It primarily indicates a likely lower annual property tax bill compared to similar homes on the same street or in Inkster Gardens. It reflects the city's valuation for taxation purposes, not necessarily the market sale price.
2. Is the renovated basement a legal suite?
The listing states the basement is renovated but does not specify it as a legal secondary suite. Buyers should verify its compliance with local zoning and building codes if considering rental income.
3. How does the sold price history from 2023 relate to today's value?
The sold price range from August 2023 ($40.5k - $43.5k) is a historical data point. Current market value will be influenced by present market conditions, the home's updated condition, and recent comparable sales.
4. The home is described as "around average" in size for the city. What does that feel like in practice?
With just over 1,000 sqft, it offers the essential rooms—likely 2-3 bedrooms, a living area, kitchen, and bathroom(s)—without excess space. It's efficient for a small family or couple, but storage and layout efficiency will be key.
5. What are the implications of the detached garage?
A detached garage provides secure storage and parking but means a walk to and from the vehicle, which can be a consideration during Winnipeg winters. It also creates potential for future workshop or hobby space separate from the main house.