Property Overview

This one-storey home at 41 Rosewarne Avenue in Winnipeg's Elm Park neighborhood presents a specific and practical value proposition. Its key appeal lies in being a more modestly scaled, renovated property on a desirable street, offering a manageable footprint without compromising on location. The 936 sqft living area is notably smaller than most comparables, which suggests a home suited for efficient living or those looking to downsize without leaving the area. Importantly, it sits on a roughly 5,500 sqft lot that is quite typical for Elm Park, preserving the feel of the neighborhood. The detached garage and renovated basement add functional space and modern convenience to the 1929 structure. With an assessed value that aligns with area averages, it represents a grounded entry point into a well-established community.

This property would likely suit first-time buyers seeking a character home in a prime location without the upkeep of a larger house, or empty-nesters looking to right-size while staying in a familiar and convenient part of the city. Its below-average square footage means utility costs and maintenance are likely more contained, a practical advantage often overlooked in favor of sheer size. The recent renovation of the basement also indicates some of the major work of updating an older home has already been addressed.

Frequently Asked Questions

1. Is the house particularly small?
Yes. At 936 sqft of living area, it is significantly smaller than the average home on its own street (approx. 1,334 sqft) and across Winnipeg. This makes it a compact, efficient layout.

2. What is the neighborhood like?
Elm Park is a mature, established neighborhood. The property's lot size is very typical for the area, so you benefit from the community's character and space without the home itself being overly large.

3. Has the property been updated?
The basement has been renovated, which is a significant update. The main house retains its 1929 character, so buyers should budget for the ongoing maintenance typical of a home of this age.

4. How does the assessed value compare to the last sale price?
The home was last sold in November 2020 for $300,000. Its current assessed value is $344,000. As assessments are for taxation purposes and not market valuation, consulting a real estate professional for a current market analysis is recommended.

5. What are the long-term considerations?
The home's smaller size and older age are balanced by its lot size and location. Future resale will likely always hinge on its efficient use of space and the enduring appeal of Elm Park, rather than competing on square footage alone.