Property Summary: 373 Roseberry Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a distinct value proposition centered on its generous lot. Built in 1918, the 684 sqft house is compact, ranking below average in living space for the street, neighborhood, and city. However, its 5,424 sqft land area is notably larger than most nearby properties, ranking in the top 13% on its street. The assessed value of $244k is very close to the local averages for King Edward and Roseberry Street, yet sits well below the Winnipeg citywide average, indicating a more accessible entry point into the market.
The primary appeal lies in this balance of a lower citywide price point paired with significant outdoor space. It suits a practical buyer—perhaps a first-time homeowner, an investor, or someone looking to downsize—who values land potential over a large existing footprint. The property is a canvas: it could be ideal for someone comfortable with a cozy, classic home, or for a buyer with longer-term plans to expand, garden, or otherwise utilize the sizable yard. It’s a home where the value is arguably in the land it sits on, offering a chance to own in a mature neighborhood without the premium typically attached to larger houses.
Section 2: Frequently Asked Questions
1. Is the house in need of major updates due to its age?
As a home built in 1918, it is older than the local and city averages. Prospective buyers should budget for a thorough inspection to understand the condition of major systems like wiring, plumbing, and the foundation, which are common considerations for houses of this era.
2. How does the property’s value compare to recent sales on the street?
The listing notes that no direct sales history is shown for this address. For exact sale prices of this or comparable nearby properties, you can request a manual lookup from the site via email to get precise figures.
3. The living area seems small. How does it compare to nearby homes?
At 684 sqft, the home is significantly smaller than the street average (963 sqft). For context, nearby reference properties show living areas ranging from 635 sqft to over 1,900 sqft, confirming this is one of the more compact options in the area.
4. What are the potential advantages of such a large lot?
The lot, over 5,400 sqft, offers rare space for the neighborhood. Advantages could include ample privacy, room for additions, extensive gardening, recreational space, or simply holding future value as larger lots become scarcer in established areas.
5. Is the assessed value a reliable indicator of the likely selling price?
The assessed value ($244k) is a municipal calculation for tax purposes and is a useful benchmark. It currently sits around the local average. However, market conditions, property condition, and buyer demand ultimately determine the sale price, which can be higher or lower.