Property Summary: 209 Roseberry Street, Winnipeg
Key Characteristics & Appeal
This one-and-three-quarter storey home, built in 1914, presents a classic character home opportunity in Winnipeg's King Edward neighbourhood. Its key appeal lies in its position as a relatively affordable entry point into the market, with an assessed value significantly below the citywide average. The 1,040 sqft living area is above average for both its immediate street and the broader neighbourhood, suggesting a comfortable footprint within a well-established community.
The home suits a specific type of buyer: those seeking a project or a "blank canvas." The basement is noted as unrenovated, and the home's age implies a need for updates and diligent maintenance. Its charm is rooted in its history and location, not in modern finishes. A thoughtful perspective for the right buyer is the lot size: while below average at 2,708 sqft, this can mean lower maintenance and potentially a more manageable yard—a benefit for those not seeking extensive outdoor work. This property is ideal for a handy first-time buyer, an investor looking for a hold-and-renovate project, or someone content with a home's original character who prioritizes location and affordability over move-in-ready condition.
Frequently Asked Questions
1. What does "one-and-three-quarter storey" mean?
This is a common architectural style for homes of this era. It typically means the second floor has full-height ceilings in the center of the home, with sloped ceilings or knee walls in the rooms under the eaves, creating cozy, character-filled bedrooms.
2. The assessed value seems very low compared to city averages. Why?
The assessed value is for taxation purposes and is based on a mass appraisal system. It often lags behind market value, especially for older homes that may not have been recently renovated. The citywide average is skewed higher by newer, larger homes in suburban areas.
3. What are the implications of such an old home?
A 1914-built home offers charm but requires a proactive approach to maintenance. Buyers should budget for potential updates to major systems (like plumbing, wiring, or heating) and plan for a thorough inspection to identify any structural or foundational issues common in century-old houses.
4. Is the unrenovated basement a major concern?
It depends on your plans and needs. An unrenovated basement offers potential for future living space, storage, or utility area tailored to your specifications. However, it also requires investigation for moisture issues, insulation, and the condition of the foundation.
5. How does the King Edward neighbourhood rate for livability?
King Edward is a central, mature neighbourhood. Its appeal includes tree-lined streets, established community amenities, and proximity to downtown. Buyers should visit at different times to assess traffic, noise, and overall neighbourhood activity to ensure it matches their lifestyle.