Property Overview: 238 Roseberry Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-three-quarter storey home in King Edward presents a practical and affordable entry point into Winnipeg’s housing market. Built in 1918, its key characteristic is its renovated basement, adding valuable functional space to the 1,006 sqft living area. The home sits on a modest 2,708 sqft lot, which is smaller than most in the immediate area and city-wide, but this often translates to lower maintenance and a more manageable footprint.
Its primary appeal lies in its solid value positioning. The assessed value places it around the average for both Roseberry Street and the broader King Edward neighbourhood, suggesting a fairly priced home in a stable context. For the right buyer, the smaller lot can be seen as a feature, not a flaw—offering a cozy, low-maintenance yard perfect for someone with a busy lifestyle or who prefers to spend less time on upkeep. The renovated basement adds flexible space for a home office, gym, or recreational area, effectively increasing the home’s usability beyond its square footage.
This property would best suit first-time homebuyers, downsizers, or pragmatic investors looking for a character home with some updates in an established neighbourhood. It’s for those who prioritize location and functional interior space over a large private yard.
Section 2: Frequently Asked Questions
1. Is the smaller lot size a significant drawback?
While the land area is below average for the street and city, it means less yard work and lower exterior maintenance costs. It’s a trade-off that suits buyers looking for simplicity and a more lock-and-leave property.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to clarify with the seller or agent to understand the quality and intended use of the space.
3. How does the assessed value relate to the likely selling price?
The home’s assessed value is around $24,600, but recent sold price data (Nov 2020) shows a range of $215,000-$245,000. Assessed value is for municipal tax purposes; the market price is determined by current conditions, recent comparable sales, and the home’s specific features.
4. What are the implications of the home’s age (1918)?
A home of this age offers charm but requires a diligent inspection. While the basement has been renovated, attention should be paid to the condition of core systems like wiring, plumbing, and the foundation, which may have been updated over time.
5. How does this home compare to others in the area?
The data shows this home is very typical for its immediate street and neighbourhood in terms of living space, assessed value, and age. It’s a representative, middle-of-the-pack property in King Edward, not an outlier in size or value, which can provide a sense of stability and predictability.