Property Overview: 380 Roseberry Street

Key Characteristics & Appeal

This 2016-built bi-level home at 380 Roseberry Street in Winnipeg's King Edward neighbourhood offers a compelling mix of modern convenience and established community. With 911 sqft of living space and a renovated basement, its layout is efficient and contemporary. A key characteristic is its relative newness; built just 10 years ago, it stands out as a significantly newer construction compared to most homes on its street and in the wider area, which often date back to the early 20th century. This suggests modern building standards, potentially lower immediate maintenance, and updated systems.

The home’s appeal lies in its strong positioning within the local market. Its assessed value ranks in the top 8% for both its immediate street and the King Edward area, indicating it is viewed as a higher-value property in its peer group. This, combined with its recent build date, presents a turn-key opportunity in a mature neighbourhood. The detached garage adds practical value.

It would suit first-time buyers or downsizers seeking a low-maintenance, modern home without leaving an established urban neighbourhood. It’s also a sensible fit for value-conscious investors or buyers who prioritize newer infrastructure but appreciate the character and stability of older communities like King Edward. The property offers a less common path: enjoying the perks of a new build within the fabric of a historic area.

Frequently Asked Questions

1. How does the home’s size compare to others?
At 911 sqft, the living area is very close to the average for both Roseberry Street and the King Edward neighbourhood. However, it is notably more compact than the city-wide average, offering an efficient layout suited to simpler living.

2. The assessed value seems high for the area. Why?
The assessed value ranks in the top 8% locally, which is directly tied to the home’s young age (2016) and renovated basement. In an area dominated by homes built a century ago, its modern construction and condition command a premium valuation.

3. What does the sold price history indicate?
The home sold previously in 2016 and 2020. The increase in sale price range over those four years aligns with its rising assessed value, reflecting its growing valuation in the context of the neighbourhood.

4. Is the land size a limitation?
The lot is approximately 2,712 sqft, which is typical for the street but below the city-wide average. This means smaller outdoor space to maintain, which could be a benefit for those seeking a low-maintenance yard, but a consideration for those wanting extensive gardening or privacy.

5. What are the less obvious considerations?
While newer, the home’s bi-level design and efficient footprint mean space is well-utilized but not expansive. Its high assessment within an older neighbourhood is a strength, but buyers should consider if the premium for newness aligns with their long-term value expectations versus a renovated character home. The detached garage, while a plus, may require a walk across the property in winter.