Property Overview: 390 Roseberry Street, Winnipeg

Section 1: Key Characteristics & Appeal

This 2019-built bi-level home at 390 Roseberry Street in King Edward offers a rare blend of modern construction in an established neighborhood. Its key appeal lies in being a practically new home (built just 7 years ago) that ranks in the elite top 3-5% for age and assessed value within its immediate area. With 1,024 sqft of living space and a renovated basement, it provides efficient, move-in-ready space.

The home’s standout characteristic is its value proposition. While its living and land area are modest compared to the Winnipeg city-wide average, it significantly outperforms its local peers. Its assessed value is in the top 5% on its street and top 7% in King Edward, suggesting a premium valuation for its condition and modern features relative to the older housing stock that dominates the area. This isn't the largest home, but it is a notably newer and likely lower-maintenance option in a neighborhood of century-old houses.

This property would best suit first-time buyers or downsizers seeking a modern, worry-free layout without a long commute, as well as value-focused investors attracted by a newer asset with strong assessed value in a stable neighborhood. It’s for those who prioritize modern systems and condition over square footage or a large yard.

Section 2: Frequently Asked Questions

1. Is this a good value for the area?
The data suggests it is considered a premium property locally. Its assessed value is in the elite top 5% on its own street and top 7% in the King Edward neighborhood, indicating official valuation significantly higher than most surrounding homes, likely due to its modern construction.

2. What are the trade-offs for a newer home here?
You gain modern construction, but with a smaller footprint. The land area is about average for the street but below the city average, meaning a more compact yard. The living space is efficient but not expansive, which is reflected in it being below the city-wide average for size.

3. How does the lack of a garage affect practicality?
This is a common feature in the neighborhood. Buyers should consider on-street parking and factor in seasonal challenges like winter snow clearing and summer heat, which can impact vehicle care and convenience.

4. The home sold in 2021 and 2019. Is that a concern?
Not inherently. The sales history shows steady value growth in a short period, which is typical for a new build as it enters the resale market. It indicates an active property history without long, unexplained gaps.

5. How does it compare to nearby homes like 373 Roseberry Street?
The key difference is age and condition. While nearby properties are often from the 1910s, this 2019 home offers a modern floor plan, newer mechanical systems (like plumbing and wiring), and likely greater energy efficiency, which is reflected in its higher assessed value despite similar or smaller living areas.