Property Overview
353 Roseberry Street is a compact, one-and-a-half storey home built in 1912, situated on a standard city lot in Winnipeg's King Edward neighbourhood. Its key appeal lies in its position as an accessible entry point into the market, offering a renovated basement and a manageable scale for a specific type of buyer.
Key Characteristics & Ideal Buyer
This home is defined by its modest proportions and historical roots. With 740 sqft of living space, it is notably smaller than most homes on its street, in the King Edward area, and across Winnipeg. The assessed value is correspondingly low, ranking in the bottom 10-15% of comparable properties locally. The land area of 2,712 sqft is average for the immediate street but smaller than the city norm. A significant, less obvious point is that the home's very low assessment and recent sale price (in the $19.5k-$22.5k range in 2024) present a unique financial profile. It suggests extremely low property taxes, which is a major, ongoing cost advantage.
The property’s primary appeal is its affordability and simplicity. It would suit a highly budget-conscious, pragmatic buyer—perhaps an investor looking for a straightforward rental property with minimal tax overhead, or a hands-on owner seeking the absolute lowest possible entry cost to build equity. It is not suited for those needing space or modern, turn-key conditions. The value here is in the land, location, and the economic structure it offers, rather than the size or condition of the century-old structure itself.
Frequently Asked Questions
1. Why is the assessed value and recent sale price so low compared to typical Winnipeg homes?
This reflects the home's very small size, age, and likely basic condition. The value is primarily in the land and location, making it an outlier in terms of affordability and annual property tax liability.
2. What does "one-and-a-half storey" mean for this house?
Typically, this style involves a main floor with a steeper roof line, where the upper "half" storey may have sloped ceilings and smaller rooms. Given the modest total square footage, the upper level is likely quite compact.
3. The home sold recently in 2024. What does that mean for its current availability?
The sold price history is provided for market context and comparison. This summary is based on that last transaction; you would need to check current listings to see if the property is actively for sale again.
4. Is the renovated basement a full, legal suite?
The details only confirm the basement is renovated. Whether it's a legal secondary suite with a separate entrance and kitchen facilities would require verification with the city and a thorough inspection.
5. How useful are the comparison rankings for a home like this?
They are very useful for setting realistic expectations. They clearly show this home is significantly smaller and valued lower than most. This isn't a drawback for the right buyer—it quantifies the home's niche as an affordable, no-frills option.