Property Overview: 97 Rochester Place, Fort Richmond, Winnipeg
Key Characteristics & Appeal
This one-storey home in Fort Richmond is defined by two standout features: an exceptionally large lot and a high assessed value relative to its peers. With 11,722 sqft of land, the property ranks in the top 1% on its own street and top 4% city-wide, offering rare potential for expansion, gardening, or outdoor living. Its assessed value of $52.90k also places it in the elite top 5% on Rochester Place, suggesting above-average finishes, condition, or desirability for the area.
The 1,619 sqft living area is comfortably above average for the neighbourhood and city, and the home includes an attached garage and a renovated basement. Built in 1975, its age is typical for the area.
The primary appeal lies in securing a property with land scarcity value in a mature neighbourhood. It suits buyers who prioritize private outdoor space over a brand-new build, and who see value in a home that stands out significantly in its immediate area for both lot size and municipal assessment. It’s a practical choice for those wanting room to grow, entertain, or simply enjoy a generous yard without moving to a rural setting.
Frequently Asked Questions
1. What does the high assessed value actually indicate?
A high assessed value relative to neighbours typically reflects a combination of the large lot size, the renovated basement, and potentially above-average materials, finishes, or additions. It’s a strong indicator of the property’s standing in the area, but the exact sold price is determined by the market.
2. Is the large lot usable, or is it oddly shaped or sloped?
The data confirms the size but not the topography. A key next step would be to view the property or check a survey to understand the lot’s layout, any easements, and its suitability for your intended use (e.g., adding a deck, a workshop, or a future addition).
3. How does the “one-storey” design affect living?
This is ideal for accessibility or avoiding stairs. However, with a renovated basement, the home likely offers multi-level living despite being classified as a one-storey. Consider the flow between the main floor and the lower level.
4. The home last sold in 2017. What might have changed since then?
Given the sale was 7-8 years ago, the current condition would hinge on the level of upkeep and any updates made by the sellers during their ownership. The renovated basement dates to at least that time.
5. Are the high rankings for land and value reflected in the past sold price?
When it sold in 2017, the price range was slightly above the average for the street at that time, but not in the elite percentiles seen in the current assessment. This suggests the property’s relative market position may have improved significantly since the last sale, possibly due to the renovations, market trends, or both.