Property Overview: 11 Rutgers Bay, Fort Richmond, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Fort Richmond is a practical property that presents a clear value proposition. Its key characteristics include a renovated basement, a detached garage, and a notably generous 6,649 sqft lot that is larger than the city-wide average. Built in 1967, the 1,224 sqft living area is modest compared to immediate neighbours but aligns more closely with broader city averages.
The primary appeal lies in its land size and value positioning. The expansive lot offers significant potential for gardening, expansion, or simply enjoying more private outdoor space—a relative rarity. With a recent sale in late 2024 and an assessed value that sits below average for the street and neighbourhood, it may attract buyers looking for an entry point into a stable area without a premium price tag. This property would suit a first-time buyer, a downsizer seeking single-level living, or a value-oriented investor. It’s a home where the value is grounded more in the land and location than in the size of the dwelling itself, appealing to those who see potential over immediate perfection.
Section 2: Frequently Asked Questions
1. Is the house smaller than others on the street?
Yes. At 1,224 sqft, the living area is below the average for Rutgers Bay. The trade-off is a lot size that is on par with the street and above average city-wide.
2. What does the "renovated basement" include?
The listing confirms a renovated basement but does not specify the scope. This would require clarification with the seller or a viewing to understand the finish quality and layout.
3. How does the assessed value relate to the recent sale price?
The home was assessed at $38,800 but sold for between $47,500-$50,500 in late 2024. This indicates the market value recently exceeded its municipal assessment, a common occurrence in active markets.
4. What is the significance of the large lot?
The 6,649 sqft lot is a standout feature, offering more outdoor space than over 80% of properties across Winnipeg. This provides room for additions, recreational space, or future landscaping projects not possible on standard lots.
5. Are sale prices in the area rising?
The data shows a significant increase between the sale in April 2024 ($27k) and December 2024 ($49k). This suggests a rapidly appreciating market for the area over that period, but professional advice on current trends is recommended.