Property Overview: 1606 Rothesay Street, Winnipeg
Section 1: Key Characteristics & Appeal
This 1974 bungalow in River East presents a practical and affordable entry point into the Winnipeg market. With 1,168 sqft of living space, its size is consistently "around average" when compared to homes on its street, in the neighborhood, and across the city. The standout characteristic is its assessed value of $255k, which is notably below average for the area. This creates a value proposition, as you're acquiring a home of typical size in River East at a tax valuation significantly lower than most neighbors.
The appeal lies in this value-for-size ratio and the stability of a mature, established neighborhood. It suits first-time buyers or investors seeking a straightforward, lower-entry-cost property with renovation potential. A thoughtful perspective is that the below-average lot size (2,991 sqft) means less exterior maintenance, which could be a plus for those seeking a manageable yard. However, the data suggests a trade-off: you get a home of average living area on a smaller, more affordable lot, in a neighborhood where properties typically sit on larger land parcels.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the neighborhood average?
The assessed value of $255k is well below the River East average of approximately $401k. This can be due to a variety of factors including the home's specific condition, interior finishes, the smaller lot size, and the methodology used for municipal assessment. It indicates a potentially lower property tax burden and may represent a value opportunity.
2. How does the living space compare to nearby homes?
At 1,168 sqft, the living area is very close to the average for Rothesay Street itself (1,133 sqft) and is a functional, mid-size footprint. It is slightly smaller than the broader River East and city averages, but ranks solidly in the middle of the pack overall.
3. What is the typical lot size in this area, and how does this property compare?
Lots in River East are generally larger. The neighborhood average is about 7,084 sqft, and even the street average is 4,629 sqft. This property's lot of 2,991 sqft is notably smaller, ranking in the bottom 20% on the street. This means less private outdoor space but also less yard work.
4. Are sold price histories available for this home?
According to the listing notes, no sales history is automatically displayed. The site offers a manual lookup service where you can request exact historical sales figures by email, as they do not source data from the MLS.
5. The home was built in 1974. Is that older or newer for the street?
Built in 1974, this home is actually slightly newer than the average house on Rothesay Street (avg. year built 1972), ranking in the top 30% for age on the street. It is a solidly-built mid-70s home, typical of a large portion of the River East housing stock.