Property Overview: 507 Roseberry Street, Winnipeg
Key Characteristics & Appeal
This well-situated one-storey home in King Edward presents a compelling blend of space, value, and potential. Its key characteristic is an exceptionally large lot—at over 5,400 square feet, the property ranks in the top 5% for land size on its street. This offers rare outdoor space for the area, ideal for gardening, expansion, or simply enjoying a generous yard. The home itself, built in 1954, is of average size for the neighborhood at 942 sqft and features a renovated basement and a detached garage.
The appeal lies in its strong value proposition within a mature community. The assessed value is notably above average for both the immediate street and the broader King Edward area, suggesting the property is viewed favorably relative to its peers. This makes it a practical entry point into a stable neighborhood. It would suit first-time buyers or downsizers looking for a manageable single-level layout with the bonus of a finished basement, and it holds particular interest for value-conscious buyers who prioritize land size over a large interior footprint—a less common find in city infill neighborhoods.
Frequently Asked Questions
1. How does the property’s value compare to recent sales?
The home last sold in August 2022 for an estimated $33.5k–$36.5k. Its current assessed value of $31.2k is above the local average, indicating its perceived market value has held strong relative to nearby properties.
2. Is the living space smaller than typical Winnipeg homes?
Yes. While the living area is average for the King Edward neighborhood, it is below the Winnipeg city-wide average. The trade-off is the significantly larger-than-average lot, shifting the balance from interior to exterior space.
3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. This would require clarification through a viewing or direct inquiry with the seller to understand the finish quality, layout, and permitted uses.
4. Why is the assessed value higher than the neighborhood average?
Several factors likely contribute, including the substantial lot size, the renovated basement, and the property’s condition relative to others. A higher assessment often reflects positive attributes that distinguish it from nearby averages.
5. How can I find out the exact historical sale price?
The exact sold price is not publicly displayed. The listing service offers to provide this information manually via email upon request, with a commitment to reply by the end of the same business day.