Property Overview: 354 Roseberry Street, Winnipeg

Section 1: Key Characteristics & Appeal

This two-storey home on Roseberry Street in the King Edward neighbourhood stands out for its modern foundation and efficient use of space. Built in 2021, it is a notably newer construction compared to most homes in the area, which typically date back to the mid-20th century. This translates to modern building standards, newer systems, and minimal immediate maintenance concerns.

The home’s primary appeal lies in its balance of above-average living space and a premium assessed value within its immediate context. With 1,357 sqft of living area, it offers more interior space than most comparable homes on its street and in King Edward. It also features a renovated basement, adding functional space. The property’s assessed value places it in the top tier locally, suggesting a perception of quality and desirability that outpaces neighbouring homes.

However, the land area is more modest, especially when viewed city-wide. This points to a home designed for efficient living rather than extensive outdoor expansion, fitting for an urban infill lot.

This property would best suit a buyer looking for a modern, move-in-ready home in an established inner-city neighbourhood, who values low-maintenance, contemporary construction over a large yard. It’s ideal for professionals, small families, or downsizers seeking space and new-home amenities without moving to the distant suburbs. The strong assessed value ranking also indicates it may appeal to those viewing the purchase as a solid investment within the local market.

Section 2: Frequently Asked Questions

1. How does the assessed value compare to the last sold price?
The home was last sold in late 2021 for between $47.5k and $50.5k. Its current assessed value is $45.8k. This suggests the official assessment is relatively aligned with its recent market price, though market conditions may have shifted since.

2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finish or layout. This is a key detail to clarify with the listing agent to understand if it’s a finished living space, a utility area, or includes a separate suite.

3. Is the lack of a garage a concern?
The property has no garage. This is common for many homes in older neighbourhoods. Buyers should consider on-street parking availability and the potential cost or feasibility of adding a parking structure on the modestly-sized lot.

4. The home is newer, but what about the neighbourhood's overall character?
King Edward is a mature neighbourhood with homes primarily from the early 1900s. While this house is modern, it is surrounded by much older properties. This offers a unique blend of new-home convenience within a well-established community fabric.

5. Why is the land area considered "below average" city-wide?
The lot is just over 2,700 sqft, which is smaller than the Winnipeg average of over 6,500 sqft. This reflects its inner-city location where lots are typically smaller and more compact than in post-war suburban developments. The trade-off is proximity to the city centre.