Property Overview: 551 Rosedale Avenue, Lord Roberts, Winnipeg
Key Characteristics & Appeal
This home at 551 Rosedale Avenue is a well-established property in the Lord Roberts neighbourhood, built in 1912. Its primary appeal lies in its above-average size and value within its immediate context. With 1,510 sqft of living space, it ranks in the top 17% on its street and the top 10% within Lord Roberts for size, offering more room than many comparable local homes. The assessed value of $44.90k similarly places it in the top 7% for the area, indicating a property that is considered higher-value relative to its peers. The lot is a standard city size for the neighbourhood at 3,755 sqft.
Recent sale history shows significant value growth, with a sale in the $450k-$500k range in 2024, up from $350k-$400k in 2017. This suggests strong market momentum. The home suits buyers looking for a character home in a central neighbourhood, who value space and a property that stands above the local average in terms of investment and footprint. It would particularly appeal to those who prioritize a home's relative stature within a community over having a newer build or the largest city-wide lot, as its age and land size are more typical for the area.
Frequently Asked Questions
1. What does the assessed value figure mean?
The assessed value ($44.90k) is for municipal tax purposes and is not the market value. Its key takeaway is that it ranks in the top 7% on the street and in Lord Roberts, signaling to the city that this is a higher-value property compared to its direct neighbours.
2. How does the home's age affect things?
Built in 1912, the home is around the average age for Lord Roberts. Buyers should budget for the maintenance and potential updates typical of a 114-year-old home, but also appreciate the character and established streetscape that comes with a heritage-era property.
3. The lot seems smaller than the city average. Is that a concern?
The lot size is below the Winnipeg average but is typical and even slightly above average for the dense, central Lord Roberts neighbourhood. It reflects the community's character and is consistent with nearby properties.
4. What is indicated by the recent sale price increase?
The increase from the 2017 sale price to the 2024 sale price suggests strong appreciation. This can indicate rising neighbourhood demand, valuable improvements made to the home, or both. It's a positive signal for equity growth.
5. How useful are the provided "rankings"?
These rankings are a useful tool for comparative analysis. They show that this property is not just "a 1,500 sqft house," but one that is notably larger and more highly valued than most homes on its street and in its immediate area, helping to quantify its local standing.