Property Overview: 196 Rochester Avenue, Fort Richmond, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated 4-level split home in Fort Richmond offers a compelling blend of space, location, and established value. Built in 1974, its key characteristic is its generous 1,789 sqft living area, which ranks within the top 15% for size in both the immediate neighbourhood and citywide, providing ample room for a growing family or those who appreciate distinct living zones. The home sits on a larger-than-average 6,409 sqft lot and features an attached garage and a renovated basement, adding significant functional space and modern convenience.
Its appeal lies in its proven stability within a mature, sought-after neighbourhood. The home’s assessed value is consistently above average for the area, and its substantial sale price in 2021 suggests a strong market perception. While the architecture is classic for its era, the renovated basement indicates thoughtful updates. This property would suit practical buyers looking for a spacious, solid family home in a established community without the premium of a new build. It’s particularly suited for those who value interior square footage and a sizable yard over having the newest home on the block, and who see the underlying value in a home that has maintained a strong standing in area rankings over time.
Section 2: Frequently Asked Questions
1. How does the home’s age affect its condition and potential costs?
Built in 1974, major systems like the roof, windows, or furnace may be at or beyond their typical lifespan. A thorough inspection is crucial to budget for any necessary updates, though the renovated basement shows proactive maintenance.
2. The 2021 sale price seems high compared to the assessed value. Why is that?
Assessed value is for municipal tax purposes and often lags behind the private market. The 2021 sale price reflects what a buyer was willing to pay at that market’s peak, indicating the home’s desirability. Current value would be influenced by today’s market conditions.
3. What are the benefits of a 4-level split layout?
This style offers good separation of living spaces, often with distinct zones for entertaining, family life, and sleeping quarters. It can provide more privacy than an open-concept bungalow but may involve more stairs.
4. The lot is large, but how does it rank compared to others?
At 6,409 sqft, the lot is above average for the street (top 45%) and neighbourhood. This offers excellent outdoor space potential, but its exact ranking suggests there are both larger and smaller lots nearby, providing a balanced streetscape.
5. What does the "renovated basement" typically include?
The listing confirms the basement is renovated but does not specify details. This should be a key question for the listing agent to understand the finish quality, ceiling height, legal egress, and whether it includes a bathroom or kitchenette, which significantly impacts its utility and value.