Property Overview: 1571 Rothesay Street, Winnipeg
Section 1: Key Characteristics & Appeal
This 864 sqft bungalow, built in 1974, presents a straightforward opportunity in Winnipeg's River East neighborhood. Its primary appeal lies in its position as a more affordable entry point into the housing market. The home's assessed value of $236k is notably below averages for its street, neighborhood, and the wider city, suggesting a lower property tax burden and a accessible purchase price for the area.
The appeal is for a specific buyer: first-time homeowners, downsizers, or investors seeking a functional starter home or rental property with manageable upkeep. Its smaller living area and land size (2,920 sqft lot) mean less maintenance, which can be a plus for those seeking simplicity. A thoughtful perspective is that while the home ranks below average in size and value on its own street, it is surrounded by higher-valued properties. This can be advantageous, as it means you're buying into an established, desirable street without paying the premium some neighbors do. The home is not a fixer-upper based on the data, but a modest, lived-in property ready for gradual updates.
Section 2: Frequently Asked Questions
1. Is this a good value for the area?
The data indicates it is priced below average. Its assessed value is in the top 100% for River East (meaning it's one of the lowest) and well below the neighborhood average of $401k, offering a chance to live in the area at a lower cost.
2. Who would this property suit best?
It's ideal for budget-conscious buyers prioritizing location over size, such as first-time buyers, empty-nesters looking to downsize, or investors. The smaller scale translates to lower ongoing costs and maintenance.
3. How does the lot size impact the property?
At 2,920 sqft, the lot is smaller than most in River East. This limits expansive outdoor space but also reduces yard work and may appeal to those seeking a low-maintenance lifestyle.
4. The home sold in 2019 for between $200k-$250k. What does that tell us?
This recent sale price aligns closely with the current assessed value, suggesting market stability for this property type in the last few years and providing a clear benchmark.
5. How can I get the exact historical sold prices?
The site notes that exact figures require a manual lookup due to data source rules. You can request this information by email through the provided link, and they will send the details directly to you.