Property Overview: 398 Roseberry Street, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home, built in 1918, presents a classic character property in Winnipeg's King Edward neighbourhood. Its primary appeal lies in its above-average living space for the area—at 1,275 sqft, it offers more room than roughly 90% of comparable homes nearby—paired with a very low municipal assessed value. This combination suggests a property with solid fundamentals for its immediate locale, positioned as a potential value proposition.
The home suits practical, value-oriented buyers. It would appeal to those seeking a character home with generous interior space on a budget, or an investor looking for an entry point into the market with a property that stands out in its neighbourhood for size. The unrenovated basement and lack of a garage indicate it's likely a project home, ideal for a buyer with renovation plans or who prioritizes square footage over modern finishes. A less obvious perspective is that its low assessed value, while below average, may indicate a significant opportunity for value increase through updates, making it a strategic pick for someone able to invest sweat equity or capital into improvements.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
Assessed value is for municipal tax purposes and is influenced by many factors, including the home's condition, specific location, and recent sales in the area. This home's value is more in line with—though still below—the averages for its street and neighbourhood, reflecting its older age and likely need for updates.
2. What does "above average" living area mean for this home?
It means that compared to most similar homes on its street and in the King Edward area, this house offers significantly more interior space. You're getting more square footage than approximately 9 out of 10 comparable local properties.
3. Is the unrenovated basement a major concern?
It represents both a consideration and an opportunity. It will require inspection for moisture and structural integrity, but it also offers blank-canvas potential for future living space, storage, or utility area, which could add significant value.
4. How does the lot size compare?
The land area is fairly typical for the street and neighbourhood at just over 2,700 sqft, but it is smaller than the vast majority of lots across the wider city. This is standard for older, central neighbourhoods and means outdoor space may be limited but is manageable.
5. Where can I find the exact historical sale prices?
The listed sale price ranges are based on public data. To obtain the precise sale price for any transaction, you can use the email request function provided on the listing page. The service is manual but straightforward, with a promise of no unsolicited marketing use of your contact information.