Property Overview: 350 Roseberry Street, Winnipeg

Section 1: Key Characteristics & Appeal

This one-and-a-half storey home, built in 1918, presents a straightforward opportunity in Winnipeg's King Edward neighbourhood. Its key appeal lies in its positioning as a modest, entry-level property with a below-average assessed value. At 1,072 sqft, the living space is actually above average for both its immediate street and the broader King Edward area, suggesting a reasonably efficient layout for a home of this era.

The property suits practical, value-conscious buyers. It’s a potential fit for a first-time homeowner comfortable with a property that has an unrenovated basement and no garage, or for an investor looking for an affordable rental asset in a central location. A less obvious perspective is that its lower assessed value, while indicating a need for potential updates, also suggests a correspondingly lower property tax burden—a meaningful long-term saving. The data shows it sits on a smaller, more manageable lot compared to the city-wide average, which could mean less maintenance for some, but less private outdoor space for others.

Section 2: Frequently Asked Questions

1. What does "below average assessed value" really mean for a buyer?
It primarily indicates the city's valuation for tax purposes is low compared to other homes. This can be a double-edged sword: it points to a potentially lower purchase price and lower annual taxes, but often reflects the home’s age, condition, or smaller lot size.

2. Is the living space adequate for a small family?
At just over 1,000 sqft, the space is historically workable for a small family, especially given its above-average ranking for the local area. However, the unrenovated basement and lack of a garage would need to be considered for storage and future expansion needs.

3. How does the 2021 sale price range relate to today’s value?
The recorded sale price range from late 2021 (approximately $16.5k-$19.5k) provides a historical benchmark. Current market value will be influenced by changes in the market, any updates made since then, and recent sales of comparable properties in King Edward.

4. What are the implications of a 108-year-old home?
A house from 1918 has character but requires diligent inspection. Key considerations will be the condition of major aging systems like wiring, plumbing, and the foundation, as well as the potential for historical materials like lathe and plaster.

5. The lot is smaller than the city average. Is that a major drawback?
For this neighbourhood and street, the lot size is fairly typical. It means less yard upkeep, which can be an advantage. However, it also limits potential for large additions or extensive outdoor living spaces, and off-street parking may be limited.