Property Summary: 17-455 Osborne Street, Winnipeg
Key Characteristics & Appeal
This is a compact, no-frills property at 365 sqft, built in 1962 with a notably low assessed value. Its primary appeal lies in its extreme affordability and location on a major arterial route in Lord Roberts. The data shows it ranks in the bottom percentiles for size, value, and age compared to nearly all peers on its street, in the neighbourhood, and city-wide. This isn't a property for those seeking space or modern finishes.
Its straightforward value proposition would suit specific buyers: a first-time investor looking for a low-cost entry into the market, someone seeking a minimal-footprint residence close to downtown and Osborne Village, or a buyer with very strict budget constraints for whom location trumps all other factors. A less obvious perspective is that such a modestly valued unit can represent a manageable holding with predictable costs, potentially freeing capital for other investments or lifestyle choices. It’s a pragmatic choice, not a aspirational one.
Frequently Asked Questions
1. Why is the assessed value so much lower than the last sold price range?
Assessed values for tax purposes often lag behind market sale prices, which are influenced by current demand, condition, and specific buyer motivations not captured in mass assessments.
2. What does the ranking data actually mean for a potential buyer?
The rankings (e.g., Top 97% for size means only 3% of comparable listings are smaller) objectively confirm this is an exceptionally small and low-valued property. This highlights its niche appeal but also its potential as one of the most accessible price points in the area.
3. Who typically lives in buildings like this on Osborne Street?
The area attracts a mix of students, young professionals, and individuals seeking an affordable, central location with walkable access to amenities, transit, and nightlife.
4. What should I budget for beyond the purchase price?
Given the age of the building (1962), prospective buyers should proactively inquire about condo or building reserve fund health, recent special assessments, and upcoming major repairs (like windows, roofing, or plumbing) which are common for structures of this era.
5. How can I find out the exact past sale price?
The listing service provides sold price ranges from public data. They offer to manually share the exact price via email upon request, which is a common practice to ensure accuracy and verify serious inquiries.