1205-230 Roslyn Road

Property Overview & Key Characteristics

This unit at 1205-230 Roslyn Road is a compact, 962 sqft residence in Winnipeg's established Roslyn neighbourhood. Built in 1965, it presents a straightforward, low-maintenance living option. Its most defining feature is its exceptionally low municipal assessed value of $16,300, which places it in the top 6% of all Winnipeg properties for affordability. The appeal lies in this unique financial positioning—it offers an accessible entry point into a central neighbourhood known for its character. While it lacks certain features like a basement, garage, or pool, it ranks very highly within its immediate street and neighbourhood for lot size.

This property would suit a specific type of buyer: a first-time purchaser or an investor seeking a minimal property tax burden and a foothold in a desirable area. It's also a potential fit for someone looking to downsize and simplify their living expenses dramatically. A less obvious perspective is its potential as a "blank slate" for someone who values location over turn-key condition and is prepared to invest in updates over time. The high land-area ranking suggests the value may be anchored more in the lot and location than the current structure.

Frequently Asked Questions

1. What does the "assessed value" mean, and is that the sale price?
No, the assessed value is the value assigned by the municipal government for property tax calculation. The sale price is determined by the market and can be higher or lower than this figure. The very low assessment here indicates a potentially very low annual property tax bill.

2. The listing shows "Basement: No." What does that mean for storage and utilities?
It typically means the unit is likely a condo or apartment-style dwelling without a private basement. Storage space may be limited to within the unit itself, and mechanical systems (furnace, water heater) are likely housed in a common area.

3. The "Rank by area" is very high, but the living area is modest. Why is that?
The high rank (Top 4%) refers to the land area of the overall property lot, not the interior square footage of the unit. This suggests the building sits on a sizable lot, which is a positive attribute for the overall property's value and potential.

4. Who is responsible for exterior maintenance and repairs?
As the listing does not specify a building type, this is a key question. Given the address format and lack of garage/basement, it is likely a condominium or co-operative. A strata or condo corporation would typically manage exterior maintenance, roofs, and common areas, with costs covered by monthly fees.

5. The comparable "Nearby Properties" have much higher values. Why?
The listed nearby properties are all separate, single-family homes, not units within a larger building. They are larger, often newer or heritage homes, on their own lots, which commands a significantly higher market and assessed value. This highlights the trade-off between space/ownership type and the entry-level price point of this listing.