604 Roanoke Street

Property Overview

This one-and-a-half storey home on Roanoke Street in Kern Park presents a straightforward, lower-maintenance opportunity. With 1,089 sqft of living space, it offers more room than many immediate neighbors and is newer than most on its street, built in 1954. The lot is modest at 3,660 sqft, which translates to less yard work. Key features include a detached garage and an unfinished basement, offering storage or future expansion potential. The home has not been renovated, presenting a canvas for personalization.

Its appeal lies in its practicality and position as an affordable entry point into the Winnipeg market. It suits first-time buyers, investors, or downsizers seeking a home with a manageable footprint and lower property taxes, as reflected in its below-average citywide assessed value. A thoughtful perspective is that its unrenovated state allows a buyer to avoid paying a premium for someone else’s possibly dated upgrades, while its smaller lot in a mature neighborhood often means closer proximity to established amenities and a more neighborly streetscape.

Frequently Asked Questions

What does the "Top X%" ranking mean for each metric?
It shows how this property compares to a specific group. For example, its living area is in the "Top 20%" on its own street, meaning it's larger than 80% of its immediate neighbors. These rankings provide context against local, neighborhood, and city-wide averages.

Is the basement usable in its current state?
The listing specifies the basement exists but is "not renovated." It is likely unfinished, suitable for storage or mechanicals, and would require proper development to become livable space.

How does the assessed value relate to the likely selling price?
The assessed value ($24,800) is for municipal tax purposes and is typically lower than market value. The last recorded sale was in 2021 for between $18.5k and $21.5k, but market conditions have likely changed. Always use a current market evaluation.

What are the implications of a smaller lot size?
At 3,660 sqft, the lot is below average for the city. This generally means less outdoor maintenance and lower landscaping costs. It may limit expansion possibilities but often results in a more efficient use of space and a cozier streetscape.

Who would this property not be well-suited for?
It may not suit buyers seeking a move-in-ready, modernized home, as it requires updates. It's also less ideal for those wanting extensive outdoor space, a large garden, or a home with above-average square footage compared to the wider city.