Property Overview
508 Rosseau Avenue E is a compact, one-storey home in Winnipeg's Kern Park neighborhood. Built in 1961, it sits on a notably generous lot for its size and has a renovated basement. Its appeal lies in its efficient footprint and the potential offered by its larger-than-average lot, presenting a low-maintenance living option with room for future expansion or outdoor projects. This property would suit first-time buyers, downsizers, or investors looking for an affordable entry into the market with a solid foundation and manageable scale.
Key Characteristics & Appeal
The home's 741 sqft living area is modest, placing it below the average size for the street, neighborhood, and city. This characteristic translates to lower utility costs and minimal upkeep, ideal for those seeking simplicity. However, its 4,951 sqft lot is significantly larger than many comparable properties in Kern Park, offering valuable outdoor space rare for homes of this size. The detached garage adds practical storage or workshop space. A key, less obvious perspective is that while the house itself is compact, the above-average lot size and newer construction date (relative to many area homes) provide a unique blend of a manageable structure on a canvas with potential. The renovated basement adds immediate functional living space. It’s a property that prioritizes land value and location over square footage, suited for a buyer who values outdoor space or sees long-term potential over immediate size.
Frequently Asked Questions
1. Is the house too small for practical living?
While below average in size, the efficient one-storey layout combined with a renovated basement provides adequate living space for a single person, a couple, or a small family comfortable with cozy quarters. The generous lot also effectively extends the living area outdoors in warmer months.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or rooms. This is a key detail to request from the selling agent, as it determines whether it's a finished recreational space, contains additional bedrooms, or simply has updated utilities and walls.
3. How does the assessed value relate to the likely selling price?
The assessed value is around $30,200, which is a municipal valuation for tax purposes. The last recorded sale was in 2016 for approximately $21.5k-$24.5k. The current market price will be determined by recent sales of similar homes, condition, and market demand, and will almost certainly be higher than both these historical figures.
4. What are the advantages of a larger lot with a smaller house?
The large lot offers privacy, space for gardening, children or pets to play, and room for additions like a deck, shed, or even a future home expansion. It also typically means more distance from neighbors compared to tightly packed lots, a valuable premium in established neighborhoods.
5. Why is the year built (1961) considered "above average" for the area?
Data shows the average year built for comparable homes on the street and in Kern Park is 1947. Therefore, this home is approximately 14 years newer than many of its neighbors, which can suggest updates to original construction methods and potentially fewer issues related to very aged infrastructure.