Property Overview: 244 Roseberry Street, Winnipeg

Key Characteristics & Appeal

This one-and-three-quarter storey home, built in 1918, presents a classic character property in Winnipeg's King Edward neighbourhood. With 886 square feet of living space, it offers a compact and manageable footprint. The home features a basement, though it is noted as not being renovated, and does not include a garage or pool.

Its primary appeal lies in its position as an accessible entry point into the housing market. The assessed value is notably below averages for the street, neighbourhood, and city-wide, suggesting a potentially lower property tax burden and an opportunity for buyers focused on fundamentals over premium finishes. The lot, while smaller than area averages, provides outdoor space without the maintenance demands of a larger yard.

This property would suit first-time buyers, practical investors, or downsizers seeking a modest, no-frills home in an established area. It’s for those who see potential in a solid older structure and prioritize location and affordability over move-in-ready condition or modern square footage. A thoughtful perspective is that a smaller, efficient home on a modest lot can offer greater financial flexibility and a simpler lifestyle, allowing resources to be directed toward customization, savings, or other life priorities.

Frequently Asked Questions

1. What does "one-and-three-quarter storey" mean?
This is a common architectural style for older Winnipeg homes. It typically means the second floor has sloped ceilings (following the roof line) and potentially dormer windows, creating full-height rooms in the center but with reduced headspace near the walls. It offers more space than a bungalow but often with a unique, cozy character.

2. The assessed value seems very low compared to city averages. Why?
The assessed value is for municipal tax purposes and is based on a mass appraisal system considering factors like age, size, condition, and local sales. This home’s value ranks in the lower tiers for its area, reflecting its age, smaller size, and the noted unrenovated condition. It is not a direct market valuation but can indicate a relatively lower tax cost.

3. What should I know about an unrenovated basement in a 1918 home?
This suggests the basement likely retains its original state. Buyers should budget for potential updates to moisture management, insulation, and electrical systems. An inspection is crucial to understand the foundation condition, ceiling height, and suitability for future finishing. It represents both a project cost and an opportunity to customize a key space.

4. How does the smaller lot size impact living here?
The 2,708 sqft lot is smaller than many in the area, which means less yard maintenance and lower outdoor upkeep costs. It may limit options for large additions, decks, or gardens but is sufficient for a patio, small garden, or play area. It emphasizes efficient use of space.

5. The sold price history shows a range. How can I get the exact figure?
The listing service provides sold price ranges from public data. To obtain the exact historical sale price for this property, you must request it directly from the source, SaveOnHouse, via the email button provided on their page. They manually provide the figure without using your email for unsolicited marketing.