Property Overview: 536 Rosedale Avenue, Winnipeg
Key Characteristics & Appeal
This home at 536 Rosedale Avenue in Lord Roberts is a property defined by its above-average space and value within its immediate context. Built in 1917, it offers a generous 1,556 sqft of living area, which ranks in the top 13% for Rosedale Avenue and the top 8% within the Lord Roberts neighbourhood. This suggests a home that provides more interior room than many of its peers, a significant advantage in an established area. The assessed value of $45,400 is also notably high for the street and area, ranking in the top 6%, which often correlates with a well-maintained or updated character home.
Its appeal lies in offering the charm and location of a mature neighbourhood like Lord Roberts, but with the practical benefit of larger-than-typical living space for the area. The lot size, while smaller than the city-wide average, is consistent with many homes in the neighbourhood. This property would suit a buyer looking for a character home that doesn’t compromise on interior square footage, potentially avoiding the need for a major addition. It’s ideal for someone who values a walkable, central community and appreciates a home that stands out in terms of both size and assessed value on its block. A thoughtful perspective is that while the home is older, its high assessed value relative to neighbours may indicate previous updates that support its market price, an important factor for a 1917 build.
Frequently Asked Questions
1. What does the high assessed value relative to the neighbourhood actually mean?
A high assessed value compared to immediate neighbours can signal that the property has been renovated, expanded, or is otherwise in a condition that the municipal assessor deems superior. It’s a useful data point that often, but not always, correlates with a higher market value and potential prior investment in the home.
2. The home sold between $500k-$550k in 2023. Is the current asking price likely higher?
Given the property’s recent sale just two years prior, any new asking price would largely reflect market changes in that period. In a stable market, the price may be similar; in a rising market, it could be listed higher. This recent sale provides a very concrete, modern benchmark for value.
3. The lot is noted as below average in size for the street. Is this a concern?
This is a common trait in dense, established neighbourhoods. The key is how the lot size compares to the house’s footprint. For a 1,556 sqft home, a 3,126 sqft lot still allows for a balanced proportion of house to yard, typical for the area, without necessarily feeling cramped.
4. As a 1917 home, what should I be mindful of?
While the rankings show its age is typical for the street, a home from this era requires a careful inspection for foundational integrity, original wiring or plumbing updates, and insulation. The high assessed value may suggest some updates have been made, but a thorough inspection is essential.
5. How can I verify the exact 2023 sale price?
The exact sale price is not public record in Manitoba. As noted on the listing, you must request this information directly from the listing service via the provided email button. They manually provide the accurate figure without using your email for marketing.