Property Overview: 168 Rochester Avenue, Fort Richmond, Winnipeg
Key Characteristics & Buyer Profile
This 1976 one-storey home in Fort Richmond presents a practical opportunity in a well-established neighbourhood. Its key characteristic is balance: with 1,281 sqft of living space and an attached garage, it offers the essential components of family living without premium size or finishes. The home sits on a 5,938 sqft lot, which is notably smaller than many on its street but still provides decent outdoor space.
The appeal lies in its position as a solid, entry-level single-family home. The assessed value is modest relative to the area, suggesting potential for buyers mindful of property taxes. While the basement is unfinished, it offers a blank canvas for future expansion. The home’s age (newer than many on the block) can be a positive, potentially indicating fewer immediate major repairs than older peers.
This property would best suit first-time buyers, downsizers seeking single-level living, or practical investors looking for a straightforward rental property. It’s for those who prioritize location and function over luxury, and who see value in a home that offers fundamentals without frills, possibly with plans to renovate or finish spaces over time.
Frequently Asked Questions
1. How does the lot size impact the property?
While the land area is smaller than most on Rochester Avenue, it is still a usable size city-wide. This could mean less yard maintenance but also less private outdoor space compared to direct neighbours.
2. What does the "unfinished basement" entail?
The listing confirms the basement exists but is not renovated. This is a cost-saving opportunity at purchase but requires a budget and vision to finish. It adds flexible space for storage, utilities, and future living areas.
3. Is the assessed value a reliable indicator of the selling price?
Not directly. The assessed value (for municipal tax purposes) is currently below the street average. Market conditions, the home’s condition, and buyer demand will ultimately determine the sale price, which could be higher.
4. What are the implications of the home being built in 1976?
Built 50 years ago, it is newer than many homes in Fort Richmond. This is a relative advantage, but a professional inspection remains crucial to understand the state of major aging components like the roof, windows, and plumbing.
5. How does this home compare to others in the area?
The data shows it is a mid-range property for living space in Fort Richmond. Its standout metrics are its newer build year for the street and its lower assessed value, which may combine to offer a balance of relative modernity and tax efficiency.