Property Overview & Key Characteristics
This one-storey home at 283 Roseberry Street in Winnipeg's King Edward neighbourhood presents a straightforward, entry-level opportunity. Its key appeal lies in its affordability and renovated basement, offering functional space at a very accessible price point. At 808 square feet of living area on a 2,709 sqft lot, the house is compact, ranking below average in size both for its street and city-wide. Built in 1921, it is a character home typical of its era. The recently renovated basement adds valuable modernized living space, a significant plus given the home's smaller main floor footprint.
The property would best suit first-time buyers, downsizers, or investors seeking a low-cost entry into the Winnipeg market. Its below-average assessed value translates to lower property taxes, which is a practical, long-term benefit. A thoughtful perspective for a buyer is to see this not as a "forever home" but as a strategic foothold—a chance to build equity in a stable, central neighbourhood without a massive financial burden. The value here is in utility and location over grandeur.
Frequently Asked Questions
1. Is the house actually as small as the numbers suggest?
Yes, at 808 sqft, the living area is notably compact, ranking in the bottom quarter for size on its own street. The renovated basement is a crucial factor, effectively doubling the usable space and making the overall package more practical.
2. What does the "below average" assessed value mean for me?
A lower assessed value generally results in lower annual property taxes compared to similar-sized homes assessed higher. This is a tangible, ongoing financial benefit that improves affordability.
3. Who might this property not be suitable for?
It may not suit those needing multiple bedrooms on one level, dedicated home office space, or extensive room for a growing family. The layout and square footage demand efficient use of space.
4. The home is over 100 years old. What should I consider?
While the basement has been renovated, a home of this age will have older core systems (plumbing, electrical, foundation). A thorough inspection is essential to understand any needed updates or maintenance behind the modernized finishes.
5. How does the lot size impact potential?
The lot is under 3,000 sqft, which limits possibilities for large additions or detached structures like a garage. However, it also means less yard maintenance, which can be a positive for those seeking a low-maintenance property.