Property Overview: 269 Roseberry Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home on Roseberry Street in the King Edward neighbourhood is a compact, historically grounded property. Its key characteristic is its modest scale, with a living area of 610 sqft, which is notably smaller than most homes on its street, in the area, and across Winnipeg. Built in 1918, it sits on a standard city lot of approximately 2,709 sqft. The home features a basement (not renovated) and a detached garage.
The primary appeal lies in its affordability and potential. With a low assessed value, it represents a rare entry point into homeownership, particularly for a standalone house with its own land. It suits buyers with a clear vision, such as first-time purchasers seeking a manageable project, investors looking for a rental property with a low tax base, or downsizers wanting minimal interior space to maintain. Its charm is not in its current condition or size, but in the opportunity it presents—a chance to customize a classic footprint or to hold a land parcel in an established central neighbourhood without a hefty mortgage.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the property's relatively small size, age, and likely the condition of the interior and basement. It is priced as a value-conscious option within its market.
2. What does "below average" for living area mean for daily life?
It confirms the home is cozy. Efficient use of space is essential. This layout may suit a single person, a couple, or someone who views the house primarily as a place to sleep and store belongings while living life in the wider community.
3. Is the unrenovated basement a major concern?
It depends on your plans and budget. While it offers storage or future expansion potential, it may require addressing moisture, insulation, or accessibility issues. It should be thoroughly inspected.
4. The home sold recently (Nov 2023). What does that indicate?
The recent sale suggests the property is on the radar of value-seeking buyers or investors. It’s wise to understand why it is back on the market so quickly, which could range from a simple investor flip to a buyer’s changed circumstances.
5. How does the detached garage add value?
Beyond parking or storage, a detached garage offers flexibility. It can serve as a workshop, a separate hobby space, or even potential future rental income (subject to zoning and regulations), adding utility that the small house may lack.