Property Overview & Key Characteristics
This one-storey home at 249 Roseberry Street in Winnipeg's King Edward neighbourhood presents a straightforward, no-frills opportunity. Built in 1918, its 847 sqft living area is modest and below the city-wide average, but it is typical for the immediate area. The property sits on a 2,709 sqft lot and includes a detached garage and an unrenovated basement. Its assessed value is notably lower than the city average, positioning it as an accessible entry point into the market.
The appeal here lies in its simplicity and potential. It suits a first-time buyer, an investor, or a hands-on owner looking for a manageable footprint without a premium price. The home's metrics are consistently average or slightly below for its street and neighbourhood, suggesting it's a standard offering in this specific locale rather than a standout—which can mean less competition and a chance to add value. A thoughtful perspective is that its older age (108 years) places it right in the middle for the area, indicating a streetscape of established, character homes, not new infills. The unrenovated basement is a blank slate, representing both a project and an opportunity to customize without undoing someone else's work.
Frequently Asked Questions
1. Is this a "fixer-upper"?
While livable, the home has an unrenovated basement, and its age suggests ongoing maintenance is part of ownership. It’s better suited for someone comfortable with gradual updates rather than a full, immediate renovation.
2. How does the assessed value relate to the likely selling price?
The assessed value is a municipal tax valuation, not a market price. The last recorded sale was in late 2022. Market conditions and buyer demand will determine the final sale price, which may differ significantly.
3. What are the pros and cons of the lot size?
At 2,709 sqft, the lot is smaller than many in the city but average for King Edward. This means lower yard maintenance but also limited space for major expansions or additions compared to larger lots.
4. Who would this property not suit?
It may not suit buyers seeking a modern, move-in-ready home with ample space or those unwilling to take on a property with an older foundation and likely updates needed over time.
5. What is the neighbourhood like?
King Edward is a central, established neighbourhood. The home's metrics are consistently mid-range for the area, indicating a stable, unpretentious streetscape of similar vintage homes, offering a sense of community consistency.