Property Overview: 233 Roseberry Street, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1918, situated on a standard city lot in the King Edward neighbourhood. With 928 square feet of living space, it offers a modest footprint that is typical for its immediate area but smaller than the Winnipeg city average. A key feature is its unfinished basement, presenting a clear opportunity for future expansion or customization. The home has no garage or pool.
Its primary appeal lies in its position as an accessible entry point into the market. The assessed value is notably below average for the city, suggesting a potentially lower price point. This makes it a practical canvas for a first-time buyer or an investor comfortable with a property that may require updates. The home’s size and vintage suit those looking for a simpler, manageable layout without the maintenance of a larger, modern property. A thoughtful perspective for the right buyer is viewing the unfinished basement not as a drawback, but as unallocated space that can be tailored to specific needs—like a workshop, studio, or additional storage—without the cost of removing existing finishes.
Frequently Asked Questions
1. What does the assessed value tell me about the likely selling price?
The assessed value is significantly below the citywide average, which often correlates with a more accessible asking price. However, the final sale price is determined by the current market and condition of the home, so it’s wise to compare recent sales of similar properties in King Edward.
2. Is the smaller living area a major disadvantage?
It depends on your needs. For a single person, couple, or small family, 928 sq ft can be efficient and cost-effective to heat and maintain. While below the city average, it’s actually quite comparable to other homes on Roseberry Street and in the King Edward area.
3. What should I consider with a 1918 build?
While the building age is average for the street, a home over 100 years old will likely have older components. A thorough inspection is essential to understand the condition of the foundation, wiring, plumbing, and roof. This isn't necessarily a negative, but it requires due diligence.
4. How does the unfinished basement affect the home's value?
It presents both a pro and a con. It lowers the finished living area count, which can affect value comparisons. Conversely, it offers the next owner the flexibility to finish it to their own taste and needs without demolition costs, potentially adding significant value.
5. What is the neighbourhood like?
Located in King Edward, the home is on a street with closely spaced, similar vintage properties. Researching local amenities, traffic patterns, and community plans for the area would provide a clearer sense of day-to-day life here. The nearby comparable property listings can give you an idea of the general streetscape.