Property Overview: 422 Roseberry Street, Winnipeg

Key Characteristics & Appeal

This is a classic one-storey home in Winnipeg's King Edward neighbourhood, built in 1913. With 838 square feet of living space and a full, unrenovated basement, it presents a straightforward, functional layout. The lot is a manageable 2,712 sqft, typical for the local streetscape. Its assessed value is modest and aligns closely with the area average, indicating a stable, entry-level point in the market.

The primary appeal lies in its authenticity and potential. This isn't a modernized showhome; it's a well-located, honest property that offers a blank canvas. For a buyer comfortable with a project, the unrenovated basement represents future space to be shaped to their needs. Its charm is grounded in being an affordable entry into homeownership in an established central neighbourhood, where the value is in the land and location rather than high-end finishes. It would suit a first-time buyer, an investor looking for a rental property, or a hands-on individual seeking a home they can personalize over time without the premium of a turn-key property.

A less obvious perspective is its statistical standing: while the home feels modest city-wide, it is consistently average or near-average within its immediate area and neighbourhood. This suggests it's a very representative example of the local housing stock, not an outlier, which can be advantageous for predictable costs and community fit.

Frequently Asked Questions

1. What does the "Top X%" ranking mean for each metric?
These rankings compare this specific property against groups of similar homes. For example, "Top 74%" for Living Area on its street means its square footage is greater than 74% of comparable homes on Roseberry Street. It's a relative performance indicator within each defined group.

2. Why is there a range for the last sold price, and how do I get the exact figure?
The sold price ranges are generated from public data sources. To protect privacy and ensure accuracy, the exact sale price is verified and provided manually upon request via email, with a commitment to no unsolicited marketing.

3. The home is over 110 years old. What should I be most concerned about?
While systems like roofing, plumbing, and wiring have likely been updated over the decades, a thorough inspection is crucial. The unrenovated basement also warrants close attention for moisture management, foundation integrity, and the potential for asbestos or old materials.

4. How does the assessed value relate to the likely market price?
The assessed value is for municipal tax purposes. While it often correlates with market value, the actual sale price is determined by current market conditions, the property's state, and buyer demand. It's a useful benchmark but not a guaranteed sale price.

5. What are the advantages of a lot size that's "below average" city-wide but typical for the area?
A smaller, in-context lot means less exterior maintenance, which can be a benefit for those seeking a lower upkeep burden. It also often indicates a more walkable, densely built neighbourhood where amenities and public transit are closer at hand.