Property Overview: 1921 Rothesay Street, Winnipeg
Key Characteristics & Appeal
This home presents a distinct profile defined by its generous interior space and established character. Its primary appeal lies in offering significantly more living area (1,700 sq ft) than most comparable homes on its street and in Winnipeg overall, ranking in the top 5% locally. This makes it a standout for buyers seeking spaciousness in the River East neighborhood without a premium city-wide price tag, as its assessed value of $373k is relatively modest compared to its square footage.
The property suits practical buyers who value space over a newer build, as it was constructed in 1947 and is notably older than most surrounding homes. The lot size is standard for the street but smaller than the neighborhood average, suggesting a manageable yard. A thoughtful perspective is that this home represents a "value-in-envelope" opportunity—you're paying primarily for a large, well-located interior shell. The buyer it suits is likely someone prepared to appreciate the charm and potential of a classic home, possibly with plans for updates, rather than someone seeking a move-in-ready new build. Its last known sale price range suggests it transacts at a level attractive for its offered space.
Frequently Asked Questions
1. Is the house in need of major updates due to its age?
Given it was built in 1947 and is older than 99% of homes on its street, some systems (like plumbing, electrical, or windows) may be original or dated. A thorough inspection is essential to understand the condition and any needed investments.
2. How does the assessed value compare to the likely selling price?
The assessed value is $373k. The last known sold price (2021) was in the CA$350k–400k range. Market conditions determine the final price, but this history suggests the assessment is a relevant benchmark.
3. The living area is large, but is the lot size a drawback?
The 5,231 sq ft lot is average for the street but below the broader neighborhood average. This means ample indoor space but a moderately sized yard. It’s a trade-off that prioritizes the home's footprint over extensive outdoor land.
4. Are sold prices on this site accurate?
The displayed sold prices are based on public data, not the MLS, and are presented as ranges for non-members. For fully verified and exact historical sale figures, you must request a manual lookup from the site providers.
5. What does the "value for space" ranking really mean for me?
Ranking in the top 5% on the street for living area but only the top 21% for value indicates you get more square footage per dollar here than on most neighboring properties. This efficiency is a key financial characteristic of this listing.