Property Overview: 329 Roseberry Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home, built in 1918, presents a straightforward opportunity in Winnipeg's King Edward neighbourhood. Its key characteristic is its modest scale, with a living area of 894 sqft situated on a 2,710 sqft lot. The home features a basement and a detached garage.
The primary appeal lies in its position as an accessible entry point into the market. With an assessed value significantly below averages for the street, neighbourhood, and city, it stands out for its low property tax burden. This is a property for a practical buyer: a first-time homeowner comfortable with a project, an investor looking for a rental base, or someone seeking a minimal footprint. Its size and vintage suggest charm and character, but the unrenovated basement indicates it’s suited for someone with a vision and a budget for updates. A thoughtful perspective is that while its living space is compact city-wide, it is quite typical for its historic street, offering a chance to own a character home without the premium often attached to larger, updated properties in older areas.
Section 2: Frequently Asked Questions
1. Is this a "below-average" home?
While its assessed value and lot size rank below city-wide averages, its living space and age are quite average for the immediate King Edward area. This suggests you're paying for a home that fits its local context, not competing with newer, suburban builds.
2. What does the sold price history indicate?
The last recorded sale (2017) was in a range significantly lower than the current city-wide average assessed value. This underscores the home's long-standing position as a lower-cost option and may indicate substantial equity growth for long-term holders.
3. Who is this home not suited for?
It would likely not suit buyers looking for a move-in-ready, modern layout or those needing substantial space. The unrenovated basement means usable living area is currently limited to the main floors.
4. What are the advantages of a low assessed value?
The most direct benefit is a lower annual property tax bill compared to homes with similar livable space but higher assessments. This can improve long-term affordability.
5. How does the detached garage add value?
In a mature neighbourhood where street parking can be competitive, a detached garage provides secure storage and parking—a practical asset that adds daily convenience and can be a rarity with homes at this price point.