Property Overview: 231 Roseberry Street, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home in King Edward presents a practical opportunity, particularly for specific types of buyers. Its key characteristic is its modest scale, featuring 1,189 sqft of living space, which is notably above average for its immediate street and neighborhood. This suggests a home that makes efficient use of its footprint. It comes with a detached garage and an unrenovated basement, indicating a property that offers functional basics with room for future customization.
The primary appeal lies in its positioning within the local market. While its assessed value is significantly below the Winnipeg citywide average, it is much more aligned with—and even slightly below—the averages for King Edward and Roseberry Street itself. This creates a scenario where you are acquiring a home with more living space than many local comparables, at a value-oriented entry point. The lot, while smaller than city norms, is typical for the area.
This property would best suit a value-conscious buyer, such as a first-time homeowner or an investor, who prioritizes location and liveable space over modern finishes and is prepared to take on a home that may require updates over time. Its unrenovated state is not a drawback but a clear canvas, appealing to those who see potential in personalizing a property. A less obvious perspective is that its older age (built 1918) and established neighborhood often come with mature trees and a settled streetscape, offering a sense of character that newer subdivisions may lack.
Frequently Asked Questions
1. Is the low assessed value a concern?
Not necessarily for the local market. The assessed value is very typical for the King Edward neighborhood and Roseberry Street. It reflects the home’s unrenovated condition and the generally more affordable nature of the area compared to the citywide average.
2. What does "above average" living area mean for this home?
It means that for King Edward and specifically for Roseberry Street, this home offers more interior space than most comparable properties. You are getting a relatively spacious home for the area’s price point.
3. What should I know about the unrenovated basement?
This indicates the basement is in original or functional condition but has not been modernized or developed into a finished living space. It provides ample storage and mechanical space but represents a clear opportunity for future improvement.
4. How does the lot size impact the property?
At 2,709 sqft, the lot is smaller than the Winnipeg average but is standard for the central neighborhood. It offers a manageable yard for maintenance and is consistent with the community’s established layout.
5. Who would this property NOT be suitable for?
It may not suit buyers seeking a turn-key, modern home with no immediate projects, or those who prioritize a very large private yard. The value here is in the existing structure and location, with the understanding that some investment may be desired over time.