Property Overview

This 1918 one-storey home on Roseberry Street in Winnipeg's King Edward neighbourhood presents a straightforward, compact living option. At 765 square feet with a renovated basement, it sits on a roughly 2,700 sqft lot. The home's assessed value is notably below city-wide averages, reflecting its smaller size and older age. Its appeal lies in its simplicity and potential as an affordable entry point into the market. It would suit first-time buyers, downsizers, or investors looking for a low-maintenance property with renovation potential, particularly for someone comfortable with a home that is smaller and older than the Winnipeg average.

Key Characteristics & Suitability

• Key Characteristics: The home is modest in scale, with living area and assessed value consistently ranking below average for its street, neighbourhood, and the wider city. Its lot size is typical for the immediate area. The renovated basement adds functional space. As a century-old property, it carries the character and potential maintenance considerations of its era.
• Where Its Appeal Lies: The primary appeal is financial accessibility. It represents a lower barrier to homeownership in a established neighbourhood. The renovated basement is a practical asset, potentially offering space for storage, a workshop, or a recreational area. For the right buyer, its smaller footprint means lower utility costs and less upkeep.
• Who It Would Suit: This property is a pragmatic choice for budget-conscious first-time buyers ready for a starter home, or for empty-nesters seeking to downsize without leaving the neighbourhood. It could also attract an investor looking for a rental property with a relatively low entry cost. It is less suited for those needing ample indoor space or who prefer a modern, turn-key home without projects.

Frequently Asked Questions

1. Is this a "tiny home"?
While significantly smaller than the Winnipeg average (1,342 sqft), at 765 sqft it is larger than many defined "tiny homes." It's more accurately a compact, traditional one-storey house, a common style for its era.

2. What does the "below average" ranking for value really mean?
It confirms the home is priced accessibly relative to most properties, primarily due to its size and age. This isn't necessarily a negative; it indicates a defined market position for buyers seeking affordability over square footage.

3. With an older home, what should I budget for maintenance?
While the basement is renovated, a 1918 home will likely require ongoing attention to classic areas: the roof, original windows, plumbing, electrical systems, and the foundation. Setting aside a routine maintenance fund is essential.

4. How does the lot size impact potential?
The lot is average for the street but below the city average. This means outdoor space is limited but typical for King Edward. Future expansion like a large addition would be challenging, but there may be room for a garden or deck.

5. Why is the city-wide assessed value average so much higher ($390k)?
The city-wide average includes all home types, sizes, and newer neighbourhoods. This comparison highlights that this property exists in a very different, more affordable segment of the market, which is useful for understanding its broader context.