Property Overview: 241 Roseberry Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-three-quarter storey home, built in 1918, presents a compelling mix of character and practicality in Winnipeg's King Edward neighbourhood. Its primary appeal lies in its above-average living space (1,320 sq ft) for the immediate area, offering more room than most comparable homes on its street and in the neighbourhood. The home features a renovated basement, adding functional space. While the lot is modest for the city overall, it is fairly typical for King Edward.
The property suits buyers looking for a character home with updated fundamentals, without the upkeep of a large yard. It’s particularly well-matched for first-time buyers or downsizers who value space indoors over extensive outdoor maintenance. A thoughtful perspective is its strong positioning within its own community—it ranks above average in both size and assessed value against its closest peers on Roseberry Street and in King Edward, suggesting it's a solid performer in its local market context, even if its city-wide metrics are more modest due to the neighbourhood's character.
Section 2: Frequently Asked Questions
1. How does the home's size compare to others nearby?
At 1,320 sq ft, the living area is larger than most similar homes on Roseberry Street and in the King Edward area, ranking in the top 6% and 8% locally, respectively.
2. What is the significance of the assessed value?
The assessed value of $29,200 is above the local average for comparable homes in both the immediate street and the King Edward neighbourhood. It is important to note that assessed value is for tax purposes and does not represent market value.
3. Is the lot size a constraint?
The 2,709 sq ft lot is smaller than the Winnipeg city average but is around average for the King Edward area. It would suit those preferring lower yard maintenance but may limit extensive outdoor additions.
4. What does the sale history indicate?
The home sold in late 2024 for an estimated range of $31,500-$34,500, which was a top 15-17% price for the area at that time, following a prior sale in 2017. This suggests sustained demand and value in its local market.
5. Are there any considerations regarding the home's age?
Built in 1918, the home is around the average age for its street and neighbourhood. Buyers should anticipate the potential maintenance and charm typical of a character home of this era, and ensure inspections are thorough.