Property Overview: 204 Roseberry Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home on Roseberry Street in the King Edward neighbourhood is a straightforward, no-frills property. Built in 1914, it offers 860 square feet of living space with an unrenovated basement and a detached garage on a 2,709 sqft lot. The data reveals a home that is modest in scale and value relative to broader city averages, but more in line with its immediate local context.
Its primary appeal lies in its affordability and potential. With a notably low assessed value, it presents a clear entry point into the Winnipeg market. It’s particularly suited for first-time buyers, investors, or handy individuals comfortable with a project. The lot size, while below the city average, is typical for the area and offers manageable outdoor space. A less obvious perspective is that a home of this vintage and scale in a central neighbourhood can represent a lower-carbon, more efficient lifestyle compared to larger, newer suburban homes. It suits a buyer whose priority is securing a footprint in the city over move-in-ready perfection, viewing the basement and any updates as a canvas for future equity.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
Assessed value is not market value, but it often reflects the home’s modest size, age, and condition relative to the wider pool of properties in Winnipeg, which includes many larger, newer homes.
2. What does "Top 95%" for assessed value on the street mean?
It means this home’s assessed value is in the bottom 5% on Roseberry Street—it is one of the lowest-valued properties on its own block, indicating it may be more affordable than its immediate neighbours.
3. Is the unrenovated basement finished?
The listing specifies the basement is "not renovated," which typically means it is unfinished or in a rough, original state, presenting both a blank slate and a potential future project.
4. How recent are the sold price comparisons?
The most recent sale shown for this specific property was in August 2024. The other nearby and similar-value listings provided are for context and are not necessarily currently for sale.
5. The home sold recently in 2024; what might that indicate?
A very recent sale can suggest a quick turnover, which may be due to an investor flip, an estate sale, or a buyer’s change in circumstances. It underscores the importance of understanding the current condition and any work done in the last year.