Property Overview: 228 Roseberry Street, Winnipeg

Key Characteristics & Appeal

This is a compact, one-storey home built in 1918, situated on a modest lot in the King Edward neighbourhood. Its primary appeal lies in being an affordable, no-frills entry point into the Winnipeg market. With a living area of 714 sq ft, it is notably smaller than most homes locally, city-wide, and even on its own street. However, it features a renovated basement and a detached garage. The assessed value is consistently around the average for its immediate area, suggesting it is priced in line with neighbouring properties.

The home would suit a specific type of buyer: first-time purchasers or investors seeking a straightforward, lower-cost property with some updated fundamentals. Its smaller size means lower utility costs and less maintenance, which could be attractive for someone looking to minimize overhead. A thoughtful perspective is that this property represents a "value-over-space" proposition—you’re paying for location and a renovated foundation rather than square footage. It’s a practical choice for those who view a home primarily as a financial stepping stone or who simply don’t require much indoor living space.

Frequently Asked Questions

1. Is the renovated basement a legal suite?
The listing notes a renovated basement but does not specify it as a legal secondary suite. Buyers should verify its status and compliance with local regulations with the seller or city authorities.

2. Why is the assessed value so much lower than the city-wide average?
The assessed value (~$24,300) is for municipal tax purposes and reflects the property's characteristics and local market conditions in King Edward. It is not an indicator of market selling price, which is influenced by broader factors.

3. What are the implications of the home's smaller lot size?
At 2,708 sq ft, the lot is below average in size. This typically means less outdoor maintenance and limited potential for expansions or additions, but it also may offer more privacy than a deeper, narrower lot depending on the layout.

4. How does the age of the home (1918) affect it?
While the core structure is over a century old, the renovated basement indicates some updates. Buyers should prioritize a thorough inspection to understand the condition of major aging components like the foundation, plumbing, and electrical systems.

5. Where can I find the exact historical sale prices?
The provided sold price ranges are based on public data. The listing service offers to provide the exact sale prices via a manual email request, which they aim to fulfill by the end of the same business day.