Property Overview: 282 Roseberry Street, Winnipeg
Section 1: Key Characteristics & Appeal
This bi-level home at 282 Roseberry Street in the King Edward neighbourhood presents a compelling mix of modern convenience and strategic value. Its primary appeal lies in its newness—built in 2020, it is among the newest homes in its immediate area and city-wide, offering move-in readiness with contemporary building standards and minimal near-term maintenance.
The home’s assessed value is notably high for its street and neighbourhood, ranking in the top 4%, which suggests official recognition of its quality, condition, or improvements relative to older peers. However, with 981 sqft of living space and a modest 2,708 sqft lot, it offers a more compact, low-maintenance footprint. The renovated basement adds functional living space.
This property would suit first-time buyers or downsizers seeking a modern, efficient home without the concerns of an older structure. It’s also a practical choice for investors attracted by a newer asset in an established neighbourhood. A thoughtful perspective is that this home represents a trade-off: you acquire modernity and a premium assessment in a convenient location, but with less interior and yard space than many area homes. It’s for those who prioritize condition and simplicity over square footage.
Section 2: Frequently Asked Questions
1. Why is the assessed value so high compared to nearby homes?
The assessed value of $39,200 ranks in the top tier for the area, primarily reflecting the home’s very recent construction (2020) and any renovations. Newer builds with modern materials and systems are typically assessed higher than older, comparable homes.
2. What does the "below average" land area mean for me?
The lot is smaller than most in Winnipeg, at 2,708 sqft. This means lower exterior maintenance and potentially less yard work, but also limited space for expansions, large gardens, or extensive outdoor recreation. It emphasizes efficient use of space.
3. How does the living area compare to a typical home?
At 981 sqft, it is average for the King Edward neighbourhood but below the Winnipeg city-wide average. The bi-level design with a renovated basement effectively increases usable space, making it efficient for individuals, couples, or small families.
4. The home sold recently in 2024. What does that history indicate?
The 2024 sale price range shows a significant increase over its 2020 sale, consistent with market trends and potentially the completion of renovations. This indicates active market interest and a history of value appreciation in a short timeframe.
5. Are there any obvious drawbacks to a home built in 2020?
While offering modern advantages, a newer home on a smaller lot in an older neighbourhood may have a different architectural character or less mature landscaping than surrounding properties. Utility costs and property taxes may also align with newer, higher assessments rather than area averages.