Property Overview: 1564 Rothesay Street, Winnipeg
Key Characteristics & Appeal
This 864 sqft home, built in 1974, presents a practical and affordable entry point into Winnipeg’s River East neighborhood. Its primary appeal lies in its value proposition: with an assessed value of $264k, it sits significantly below area averages, offering a lower financial barrier in a well-established community. The home is notably compact, with both living area and land size (3,012 sqft) well below neighborhood and citywide norms, which translates to less upkeep and lower utility costs.
The property would best suit first-time buyers, downsizers, or pragmatic investors seeking a straightforward, no-frills home. Its manageable scale is a key feature for those prioritizing simplicity and cost-efficiency over space. A thoughtful perspective is that its smaller lot and footprint, while not offering expansive room, contribute to a lower property tax burden and less maintenance—a tangible, long-term benefit. Its age is typical for the street, suggesting it fits seamlessly into a mature, stable streetscape.
Frequently Asked Questions
1. How does the assessed value compare to likely market value?
The assessed value of $264k is a municipal figure for tax purposes. Market value is determined by current sale prices. Given that this assessment is below area averages, it may indicate a competitively priced opportunity, but a professional appraisal or comparative market analysis is needed for accuracy.
2. What are the implications of the below-average living and land area?
The smaller size means lower heating, cooling, and maintenance costs. It also suggests limited potential for expansion or major renovation on the current lot. This suits a lifestyle that values efficiency and minimal upkeep over room for growth.
3. The home sold between $200k-$250k in 2017. What does that history suggest?
That sale price range, from eight years ago, places the home in a more affordable tier historically. It indicates a property that has likely provided stable, accessible ownership. The increase to the current assessed value reflects broader market trends.
4. Is the smaller lot a disadvantage?
It depends on your priorities. While it offers less private outdoor space and limits additions, it requires less time and money for yard maintenance. For some, this is a worthwhile trade-off for a lower purchase price and ongoing savings.
5. How can I verify the exact past sale prices?
The provided data is based on public records, not the MLS. For fully verified and exact transaction figures, you must request a manual lookup from the site administrators, who will provide the details via email.