Property Overview: 160 Roosevelt Place, Winnipeg

Key Characteristics & Buyer Profile

This one-storey home on a 5,447 sqft lot presents a specific value proposition. Its key characteristic is a notably low assessed value, ranking at the very bottom of its immediate street and well below averages for the wider Kildonan Drive area and city. The living space (1,306 sqft) is modest for the street but aligns more closely with city-wide averages for similar homes. Built in 1953, it is one of the newer homes on its block. The property includes a detached garage and has no basement or pool.

The primary appeal lies in its potential as an entry point into the market or as a value-driven investment opportunity, particularly for those willing to undertake updates. The low assessment suggests room for value growth through improvements. It would suit practical, budget-conscious buyers such as first-time homeowners looking for a solid foundation to build equity, or investors seeking a rental property with a lower initial tax burden. Its single-level layout could also appeal to those planning for or currently in their retirement years, though potential renovations should be considered.

Frequently Asked Questions

1. Why is the assessed value so much lower than nearby properties?
While the exact methodology is not public, a significantly lower assessment typically reflects the property's current condition, features, and recent sales data compared to its neighbors. It often indicates a home that may require modernization.

2. What does "no basement" mean for storage and mechanical systems?
All living space is on the main floor. Mechanical systems like the furnace and water heater will be in a utility room on the main level, and storage solutions may need to be creative, possibly utilizing the detached garage or built-in main-floor closets.

3. The home is newer than others on the street. Is that an advantage?
Potentially. A 1953 build may have undergone some updates in its history and could benefit from construction methods or materials that are slightly more modern than those of its immediate neighbors, though a full inspection is necessary.

4. How reliable are the sold price ranges shown?
The ranges are based on publicly available data. For precise historical sale figures, which are crucial for accurate offer preparation, you must request the exact data directly from the listing service via the provided email option.

5. What is the real impact of the below-average rankings for value and size?
It signals a priced-below-market opportunity but also sets realistic expectations. You are purchasing a more modest-sized home on this street, which likely translates to a lower purchase price and property taxes, but also a different benchmark for resale comparison compared to larger, higher-valued homes on the same block.