Property Overview: 487 Rosedale Avenue, Winnipeg
Key Characteristics & Appeal
This 836 sqft home, built in 1911, presents a classic character property in the Lord Roberts neighbourhood. Its primary appeal lies in a compelling value proposition: a well-above-average assessed value for its immediate area and neighbourhood, suggesting strong underlying property value relative to its peers, paired with a modestly sized, manageable home. The lot size of 4,689 sqft is a significant asset, offering generous outdoor space that is above average for Lord Roberts. This combination suits buyers looking for a character home with clear value and redevelopment potential, without the footprint of a large house to maintain. It would particularly appeal to value-conscious investors, first-time buyers seeking a entry point into an established neighbourhood, or downsizers who prioritize yard space over interior square footage. A thoughtful perspective is that this property offers "land value with a house included," where the future potential may be as compelling as the current structure.
Frequently Asked Questions
1. Is the living area small for the neighbourhood?
Yes. At 836 sqft, the home's living area is below the average for both Rosedale Avenue and the wider Lord Roberts neighbourhood, indicating a more compact footprint compared to many nearby houses.
2. What does the high assessed value ranking mean?
The home ranks in the top 20% on its street and top 16% in Lord Roberts for assessed value. This generally indicates that the municipal assessment—a factor in property taxes and often correlated with market value—is strong relative to similar local properties, which can be a positive signal of value.
3. How old is the home, and what should I consider?
Built in 1911, the home is 115 years old. This is around average for the street but older than the citywide average. Buyers should budget for potential updates and ensure thorough inspections for systems like wiring, plumbing, and the foundation, common in houses of this era.
4. Can I get the exact historical sale price?
The listed sale price is a public data range. The exact sale price is available by request via email from the listing service, which they provide manually without using your email for marketing.
5. What is the potential based on the lot size?
The lot of 4,689 sqft is notably larger than the Lord Roberts average. This provides valuable outdoor space and could offer future potential for expansions, gardens, or landscaping projects that wouldn't be possible on a standard city lot.