Property Overview: 507 Rosedale Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 507 Rosedale Avenue in the Lord Roberts neighbourhood is defined by its generous living space within a classic, early-1900s footprint. Its primary standout feature is its size: at 2,169 sqft, the living area ranks in the top 2% on its street and the top 1% within the desirable Lord Roberts area, offering substantially more room than typical local comparables. This presents a notable value proposition, as its assessed value of $390k ranks above average for the immediate area but is around the city-wide average, suggesting you get significant interior space for the price point in this location.
The appeal lies in securing a character home with ample room for living, situated on a mature, established street. It would particularly suit buyers who prioritize interior square footage and classic neighbourhood charm over a large lot or new construction, and who are prepared for the upkeep and potential updates that come with a 1911-built home. A thoughtful perspective is that while the lot size is modest for the city, it is quite typical for Lord Roberts, positioning this as a home for those who value community and location over extensive private yard space. The recent sale history indicates strong, stable interest in this specific streetscape.
Section 2: Frequently Asked Questions
1. What does the "Top 1%" ranking for living area actually mean?
It means that within the Lord Roberts neighbourhood, this home has more living space than 99% of comparable properties. With 2,169 sqft, it significantly exceeds the local average of about 1,071 sqft, making it a notably spacious home for the area.
2. Is the assessed value the same as the market price?
No. The assessed value of $390k is for municipal tax purposes. The most recent sold price range (2023) was between $350k and $400k, which provides a better indicator of its market value. The exact sale price is available upon request.
3. What are the implications of the home being built in 1911?
You can expect classic character and solid construction, but also should budget for potential updates to systems like wiring, plumbing, or insulation. Its age is typical for the street but older than most homes city-wide, so a thorough inspection is essential.
4. How does the lot size impact the property?
At 3,126 sqft, the lot is smaller than the Winnipeg average but is generally in line with other properties in Lord Roberts. This means smaller outdoor maintenance but likely less private yard space than in suburban areas.
5. Who are the most logical neighbours or comparable properties?
The most direct comparables are other character homes on Rosedale Avenue and nearby streets like Beresford and Rathgar Avenues, which share similar vintage and neighbourhood amenities. The provided list (e.g., 505, 515 Rosedale Ave.) shows a tight-knit streetscape of similar homes.