Property Overview: 293 Roseberry Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in King Edward presents a straightforward, value-oriented opportunity. Its key characteristic is a significant lot size—at nearly 5,000 sq ft, the property offers land well above the neighbourhood average—paired with a modest, 731 sq ft living space. Built in 1921, the home includes a basement but it is not renovated, and there is no garage or pool.
The appeal lies in its potential and its position as an affordable entry point into the Winnipeg market. The assessed value is notably low, especially compared to the city-wide average, suggesting lower property taxes. This isn't a move-in-ready showpiece; its charm is for the practical buyer who sees value in the land and a solid, simple structure to customize over time. It would suit a first-time buyer comfortable with a project, an investor looking for a land-hold or rental opportunity, or someone seeking minimal overhead and the freedom to renovate to their own taste. A less obvious perspective is that a smaller, older home on a large lot can offer a manageable footprint for aging in place or a downsizer, with room for gardens or outdoor living.
Section 2: Frequently Asked Questions
1. Is this a "tear-down" property?
Not necessarily. While the living space is below average and the basement is unrenovated, the home is structurally sound and livable. It represents a blank canvas for renovation and expansion, making it suitable for a gradual update rather than an immediate rebuild.
2. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the home's modest size, age, and condition relative to its specific local market. In the King Edward neighbourhood and on Roseberry Street itself, its assessment is around the average, indicating it's priced appropriately for its immediate context.
3. What are the implications of having such a large lot?
The large lot (Top 21% in the neighbourhood) is a major asset. It provides ample outdoor space, potential for additions like a garage or garden suite (subject to zoning), and generally holds long-term value. It also means a higher portion of the property's value is in the land itself.
4. How reliable are the sold price ranges shown?
The ranges are based on publicly available data. For precise historical sale figures, you must request the exact sold price history via email, which the provider will send manually.
5. What should I consider about the unrenovated basement?
An unrenovated basement in a 1921 home requires a careful inspection for moisture, foundation integrity, and the state of essential systems (like wiring and plumbing). It represents both a cost consideration and an opportunity to finish the space correctly for your needs.