Property Overview

This 2018-built bi-level home at 374 Roseberry Street presents a distinctly modern offering within Winnipeg's King Edward neighbourhood. Its primary appeal lies in its combination of recent construction and a notably high assessed value relative to its immediate area. At 932 sqft with a renovated basement, it offers efficient, low-maintenance living on a standard city lot. The home is particularly suited to first-time buyers, downsizers, or investors seeking a newer property that stands out from the surrounding, predominantly early-20th century housing stock. It offers a move-in-ready solution without the concerns of aging infrastructure common in the area, though with less interior and land space than the citywide average.

A thoughtful perspective: while the living area is modest, its "elite" ranking for year built suggests a rare opportunity to own a like-new home in an established neighbourhood, potentially translating to lower immediate repair costs and modern energy efficiency. The high assessed value on the street and in the neighbourhood indicates that the property is already recognized as a premium asset in its local context, which can be a stabilizing factor.

Frequently Asked Questions

1. Why is the assessed value so high compared to nearby homes?
The assessed value is significantly above the average for both Roseberry Street and the wider King Edward area. This is almost certainly due to the home's very recent construction year (2018), which places it in the top 4-5% of homes locally by age. Modern building standards, materials, and systems are key factors in this valuation.

2. What does the "bi-level" design mean for living space?
A bi-level typically features a main living area accessed by a short flight of stairs from the entrance, with another living level (often the renovated basement mentioned) accessed by a second short flight. This makes efficient use of the footprint but can mean more stairs between common areas than in a bungalow or two-storey.

3. Is the living space sufficient for a small family?
At 932 sqft, the living area is around the neighbourhood average but below the citywide average. It would suit a couple, a small family, or an individual very comfortably. Those needing multiple large bedrooms or dedicated recreational space may find it compact.

4. There's no garage. What are the parking options?
The listing specifies no garage. Parking would be via on-street or possibly a driveway if the lot permits (the land area is a standard city lot size for the street). It's advisable to confirm the specific parking situation at the property.

5. How does the sold price history help determine current value?
The home sold in early 2019 for an estimated range of $24.5k-$27.5k. Comparing that to its current assessed value of $33.9k provides insight into its appreciation in the local market. However, the exact sold price is needed for a precise analysis, and market conditions have changed since 2019, so a current professional appraisal is recommended.