Property Overview: 1637 Rothesay Street, Winnipeg
Section 1: Key Characteristics & Appeal
This 1974-built home in River East presents a practical, entry-level opportunity in the Winnipeg market. With 928 square feet of living space and an assessed value of $258,000, its key characteristic is its relative affordability within its neighborhood and city-wide context. The home sits on a modest, manageable lot and is notably newer than many Winnipeg homes, suggesting potentially fewer immediate age-related concerns than older stock.
Its primary appeal lies in its value positioning. While its size is below average for the area, its assessed value is significantly lower than both the neighborhood and city averages, indicating a lower property tax base and an accessible price point. It suits first-time buyers, downsizers, or investors seeking a straightforward, lower-maintenance property in an established community. A thoughtful perspective is that its smaller scale could mean lower utility costs and less upkeep, appealing to those seeking efficiency over space. It represents a chance to enter a neighborhood where most homes are valued higher, offering potential for personalization.
Section 2: Frequently Asked Questions
1. Is the living area too small?
At 928 sq ft, the home is compact and below the average for River East. It would best suit individuals, couples, or small families comfortable with efficient living spaces. The trade-off for the smaller size is reflected in its more accessible pricing.
2. How does the assessed value affect property taxes?
With an assessed value significantly below the neighborhood average ($258k vs. $401k), the municipal tax assessment—a key component of your property taxes—should be proportionally lower, which is a financial advantage.
3. What does the sale history indicate?
Records show it last sold between $200k-$250k in late 2019. This provides a benchmark, but for exact sale figures and a full history, a manual lookup through the site is required, as MLS data is not displayed.
4. How does the lot size impact the property?
The lot is approximately 3,544 sq ft, which is smaller than many in the area. This means less yard maintenance but also less private outdoor space. It’s a practical lot for those not wanting extensive gardening responsibilities.
5. Is the 1974 build date a concern?
Built in 1974, the home is actually newer than many in Winnipeg and on its street. While it will still require due diligence for systems like roofing, windows, and plumbing, its age is a relative advantage compared to much of the city's housing stock.