Property Overview & Key Characteristics
This home at 299 Rosedale Avenue is a classic, early-1900s residence in Winnipeg's Lord Roberts neighbourhood. Its primary appeal lies in its generous proportions and established value within a sought-after area. The nearly 1,500 sqft living space is notably larger than most comparable homes on its street and in the wider neighbourhood, offering above-average roominess. This is complemented by a lot size that is also above average for Lord Roberts. The home’s assessed value ranks in the elite tier for the neighbourhood, suggesting it is viewed as a premium property within its immediate context.
Its charm is balanced by practicality. While the 1906 build date means it is one of the older homes in the area, this often translates to character, mature landscaping, and a well-established streetscape. The property would best suit a buyer who values space, a prime location within Lord Roberts, and the potential of a character home, and who is prepared for the maintenance or updates that can come with an older structure. It’s a solid choice for those prioritizing lot and living space over a newer build.
Frequently Asked Questions
1. What does the "elite" assessed value ranking mean for this older home?
It indicates that, despite its age, the property’s official assessed value is among the top 5% in the Lord Roberts neighbourhood. This typically reflects a combination of its larger lot, above-average living area, and desirable location on Rosedale Avenue.
2. The home sold in 2020 and 2016. What can we infer from those sale prices?
The jump in sale price from the $250k-$300k range in 2016 to $400k-$450k in 2020 shows significant appreciation over that period. This trend underscores the property's and area's desirability, though past performance is not a guarantee of future value.
3. How does the lot size compare to an average city lot?
At just over 4,200 sqft, the lot is above average for its neighbourhood but smaller than the city-wide average lot of about 6,570 sqft. This offers a good private outdoor space for an inner-city neighbourhood without the extensive upkeep of a much larger yard.
4. Are there any obvious concerns with a home built in 1906?
The age is the most significant factor. Prospective buyers should prioritize a thorough inspection to understand the condition of major systems (plumbing, electrical, roof, foundation) which may have been updated over time or may require investment.
5. The living area is large for the area, but the home is old. Is the layout modern?
Homes from this era often have a traditional, compartmentalized floor plan with distinct rooms, as opposed to an open-concept layout common in newer builds. The appeal is in the defined spaces and character, but some buyers may plan for renovations to modernize the flow.