Property Overview: 311 Roseberry Street, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1918, situated on a standard city lot in the King Edward neighbourhood. With 810 square feet of living space, it is notably smaller than the average Winnipeg home, positioning it as a more affordable entry point into the market. Its assessed value is significantly below the citywide average, reflecting its modest size and the fact that the basement is noted as unrenovated. There is no garage or pool.
The primary appeal lies in its value and location. It represents a classic "starter home" opportunity or a practical investment property. For a buyer comfortable with a smaller footprint, it offers lower property taxes and utility costs. The King Edward location provides central, established-neighbourhood convenience. This property would best suit first-time buyers prioritizing budget and location over space, or investors looking for a manageable rental property with a straightforward cost basis. A thoughtful perspective: its very modest size and unrenovated state could be seen as a blank canvas, allowing a new owner to tailor updates precisely to their needs without over-investing for the area.
Section 2: Frequently Asked Questions
1. Is the basement finished or usable for living space?
No, the listing specifically notes the basement is "not renovated." It should be considered unfinished utility space, which may require assessment for moisture issues or necessary upgrades for storage or laundry use.
2. How does the property's value compare to its neighbours?
The home's assessed value is around average for both Roseberry Street and the wider King Edward neighbourhood. This suggests it is priced in line with similar, typically older and more modest homes in the area, rather than being an outlier.
3. What does the sold price history indicate?
The home sold in 2016 for a very low price and again in 2017 for a significantly higher one, indicating a potential quick investment flip or major value change in that period. For accurate pricing context, you should request the exact sold prices from the provided service.
4. Who might this property not be suitable for?
It likely won't suit buyers who need multiple bedrooms, dedicated home office space, or who have mobility concerns (as it's a one-storey with basement stairs). Families needing room to grow or those unwilling to take on potential updates to an older home may find it too limited.
5. Are there any obvious advantages to the lot or location?
At 2,710 sqft, the lot is smaller than average for the city but fairly typical for the central neighbourhood. The key advantage is location-based convenience within King Edward. The close proximity of very similar homes on the same street suggests a consistent, established streetscape.