Property Overview: 51 Rose Hill Way
Section 1: Key Characteristics & Appeal
This 1984 bi-level home at 51 Rose Hill Way in Inkster Gardens is a compact, efficiently sized property. With 852 square feet of living space and a renovated basement, it sits on a roughly 5,000 sqft lot. Its key appeal lies in its position as an accessible entry point into the Winnipeg market. The home’s assessed value is modest compared to its immediate neighborhood and street, yet it is around the city-wide average, suggesting it represents a more typical Winnipeg price point rather than a premium one.
This property would suit first-time buyers, downsizers, or investors seeking a straightforward, lower-maintenance home without a large upfront investment. Its below-average size for the area could be a draw for those prioritizing ease of upkeep and lower utility costs. A thoughtful perspective is that while the home ranks below average in size on its street, its recent sale history shows steady value retention, indicating a stable, no-frills investment in an established neighborhood. The renovated basement adds functional living space, which is a significant asset in a smaller-footprint home.
Section 2: Frequently Asked Questions
1. Is the home significantly smaller than others in the area?
Yes. The living area is below the average for both Rose Hill Way and the broader Inkster Gardens neighborhood. This makes it one of the more compact options, which can mean lower maintenance and heating costs.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the details. This would be a key point to clarify with the seller or listing agent to understand the finish quality, layout, and if it includes a separate entrance or legal suite potential.
3. How has the property's value changed over time?
Based on available data, it sold in the $25.5k-$28.5k range in 2016 and in the $39.5k-$42.5k range in 2022. This indicates appreciation over that period, consistent with broader market trends.
4. There is no garage. What are the parking options?
The listing specifies there is no garage. Parking would likely be limited to driveway or on-street. Checking local bylaws for on-street parking restrictions is advisable.
5. The assessed value seems low compared to some nearby homes. Why?
The assessed value of approximately $34.9k is below the average for its immediate street and neighborhood. This is likely due to its smaller size and potentially more basic finishes compared to larger, updated homes nearby. It's important to note that assessed value for tax purposes can differ from current market value.