Property Overview
287 Roseberry Street is a compact, one-and-a-half storey home built in 1918 in Winnipeg's King Edward neighbourhood. Its key appeal lies in its position as an accessible entry point into the housing market. With 880 square feet of living space and a modest assessed value, it represents a lower financial barrier compared to city-wide averages. The lot size is typical for the immediate area but smaller than newer suburban developments.
This home would suit first-time buyers, investors looking for a rental property, or downsizers seeking a manageable footprint without leaving the city. Its vintage character comes with the understanding that a home of this age may require updates or maintenance. A thoughtful perspective is that while its metrics are below city averages, they are generally in line with or slightly below the norms for its own street and neighbourhood, presenting a straightforward, no-frills option in an established community.
Frequently Asked Questions
What does the ranking data (e.g., "Top 64%") actually mean for a buyer?
It's a comparative benchmark. For example, a "Top 64%" ranking for living area on its street means about 36% of comparable homes on Roseberry Street are larger, and 64% are smaller. It helps you gauge how this property stacks up against its immediate peers.
Is the very low assessed value a red flag?
Not necessarily. It primarily reflects a valuation for municipal tax purposes, which can be significantly lower than market value, especially for older homes. The sold price history from 2023 provides a more current market reference point.
What are the implications of a home built in 1918?
It offers classic charm but warrants a focused inspection. Key considerations would be the condition of foundational elements, plumbing, electrical systems, and insulation, which may need upgrading to modern standards.
The home has no basement. How does that affect utility and storage?
This eliminates concerns about basement flooding or moisture but reduces traditional storage and mechanical space. Utilities will be on the main floor, and creative storage solutions or a shed may be necessary.
Who might this property not be suitable for?
It may not suit buyers needing multiple bedrooms, dedicated home office space, or those who desire modern, open-concept layouts without renovation work. The smaller living area and lot size prioritize efficiency over spaciousness.