Property Overview: 23 Rutgers Bay, Fort Richmond, Winnipeg
Key Characteristics & Appeal
This is a solid, one-storey home built in 1967, situated on a generously sized lot in the established Fort Richmond neighborhood. With 1,320 sqft of living space, the home offers a practical layout that is comfortably average for the area, while its 6,651 sqft land parcel stands out as notably larger than many city-wide properties, offering valuable outdoor space and potential. A key feature is the renovated basement, which adds functional living area. The home is complemented by a detached garage.
Its primary appeal lies in its balance and practicality. It represents a classic, no-frills Winnipeg home that has been maintained, with the bonus of a finished lower level and a lot size that provides a sense of space and privacy uncommon in many newer subdivisions. It would suit first-time buyers looking for a move-in-ready starter home with room to grow outdoors, or downsizers seeking single-level living without sacrificing yard space. The value is grounded in its lot size and the quiet, mature neighborhood rather than high-end finishes or square footage.
Frequently Asked Questions
1. What is the exact sold price history?
The public data shows a sale in October 2022 in the range of $355,000 to $385,000. For the precise sale price, you can request the information via email from the listing service, which provides the data manually.
2. How does the lot size compare to nearby properties?
The lot is a standout feature. It ranks in the top 27% on its own street and the top 20% city-wide for land area, meaning it is substantially larger than the median Winnipeg property lot.
3. Is the basement a legal suite?
The listing notes the basement is renovated but does not specify it as a legal secondary suite. Buyers should verify its compliance with local regulations if considering rental income.
4. What is the condition of a home built in 1967?
Built in the late 1960s, the home is part of a mature neighborhood. While the renovated basement is updated, prospective buyers should pay special attention to the condition of original major systems like plumbing, electrical, and the roof during an inspection.
5. How does the assessed value relate to market price?
The assessed value is a municipal figure for tax purposes. At approximately $424,000, it is a baseline. The 2022 sale price and current market conditions will be more direct indicators of the home’s market value.