Property Overview: 1909 Rothesay Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a distinct value proposition centered on its land. Built in 1946, the 775 sqft house is notably smaller than most in River East, Winnipeg, and the region. However, it sits on an exceptionally large, 10,639 sqft lot, ranking in the top 1% on its street and top 5% city-wide for land area. With an assessed value of $285k, it is priced below neighborhood and city averages, reflecting the compact living space.
The primary appeal is for the value-conscious buyer or investor who sees potential in the land itself. It suits a hands-on buyer looking for a lower-cost entry into a mature neighborhood, with the long-term option to expand or redevelop the existing structure. It could also appeal to those seeking generous outdoor space for gardens, recreation, or pets, a rarity at this price point. The recent sale history (2023) suggests it is a turnover property, potentially indicating an opportunity for modernization.
Section 2: Frequently Asked Questions
1. Is the house in livable condition, or is this a teardown?
The data does not specify condition. The 2023 sale suggests it was recently occupied, but its age and smaller size mean a thorough inspection is essential to determine if it’s a candidate for renovation or requires significant investment.
2. Why is the assessed value so much lower than the neighborhood average?
The assessed value reflects the property’s current state. The significantly below-average living area and older age of the dwelling itself bring down the value relative to larger, newer homes in River East, offsetting the premium for the large lot.
3. What are the possibilities for expanding the house or adding a suite?
The lot size is the key asset here. The generous dimensions provide ample "buildable" space for additions, a garage, or even a secondary dwelling, subject to local zoning bylaws and permitting. This is a major factor for future value.
4. How does the recent sold price compare to the assessment?
The home sold for an estimated $200k-$250k in late 2023, which was below its current $285k assessment. This discrepancy highlights the importance of verifying exact sale prices and understanding current market conditions versus municipal valuation.
5. Are there other similar large-lot, small-house properties in the area?
The data shows this is unique on its street. While other references show larger homes on smaller lots, 1909 Rothesay’s combination of a very small house on a very large lot is an outlier, defining its specific niche in the market.