Property Overview
572 Rosedale Avenue is a character home in Winnipeg's Lord Roberts neighbourhood, presenting a practical opportunity with distinct traits. Its appeal lies in its position as a relatively affordable entry into a central, established area. The home, built in 1909, is compact at 840 sq ft on a standard 3,129 sq ft lot, with an assessed value that is moderate for the city but typical for its immediate surroundings.
This property suits first-time buyers or practical investors looking for a foothold in a mature neighbourhood without a premium price tag. Its below-average living area suggests a cozy layout, ideal for minimalists or those comfortable with creative space solutions. The home’s age (older than most in the area) may attract those appreciative of historic charm but also implies a need for mindful maintenance. It’s not a sprawling modern home, but rather a straightforward option where value is derived from location and lot potential rather than current size or finishes.
Frequently Asked Questions
1. How does this home’s size compare to others in the area?
At 840 sq ft, the living area is smaller than most comparable homes on Rosedale Avenue and in the Lord Roberts neighbourhood. This can mean lower utility costs and less upkeep, but also requires efficient use of space.
2. What does the assessed value tell me about this property?
The $260k assessment is around average for the street and neighbourhood, but below the city-wide average. This typically indicates you are paying for the local location rather than the home’s size or condition, which may offer value if the lot or location is a priority.
3. The home was built in 1909. What should I consider?
Being over 110 years old and older than most nearby homes, it likely possesses classic character but also requires a thorough inspection for aging infrastructure like wiring, plumbing, and the foundation. Updates and maintenance history will be key.
4. How have similar properties in the area sold for recently?
Based on available data, nearby homes with similar assessed values sold in the $200k-$250k range in 2016 and 2018. It’s important to request the exact sold price history and consider how current market conditions and this specific home’s condition affect its value.
5. Who would this property be a good fit for?
It’s well-suited for a first-time homebuyer, an investor looking for a rental property in a central location, or a buyer who values land in a established neighbourhood over a large or modern house. It may also appeal to someone interested in a manageable renovation or expansion project over time.