Property Overview: 22 Rutgers Bay, Fort Richmond, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Fort Richmond is a practical and straightforward property built in 1966. Its key appeal lies in its value proposition and manageable scale. With 1,186 sqft of living space and a renovated basement, it offers functional living without the upkeep of a larger home. The lot size of nearly 6,000 sqft is a notable asset, providing ample outdoor space relative to the home's footprint—a valuable feature for gardening, play, or future expansion.
The data reveals a nuanced position: while its living area and assessed value are below average for its immediate street and neighbourhood, they align more closely with city-wide averages. This suggests the home is a more modest offering within a well-established area, presenting an accessible entry point into the Fort Richmond community. It would suit first-time buyers, downsizers, or value-focused investors seeking a lower-maintenance property with a solid lot size. The recent sale in mid-2024 indicates a quick turnover, which may appeal to buyers looking for a move-in-ready home that has recently passed the market test.
Section 2: Frequently Asked Questions
1. Is the price competitive for the area?
Based on recent sales data, the price appears to be positioned competitively. The July 2024 sale price showed strong value relative to area averages, suggesting it was priced to sell in the current market.
2. What does "below average for the street" mean for living space and value?
This primarily indicates that many homes on Rutgers Bay are larger and have higher municipal assessments. For a buyer, it means this is one of the more modest homes on the block, which can translate to a lower purchase price and property taxes, while still providing the location benefits.
3. What are the implications of a 1966 build date?
The home is 60 years old, which is typical for the area. While it has a renovated basement, buyers should budget for potential updates to major aging components like the roof, windows, or plumbing, common for homes of this vintage.
4. There is no garage. How is parking?
The listing notes no garage. Buyers should investigate on-street parking regulations and the practical availability of space, especially during Winnipeg winters.
5. The lot is large, but the house is modest. Is there expansion potential?
The significant lot size (5,993 sqft) relative to the living area could allow for future additions, a large shed, or landscaping projects, subject to local zoning and permit approvals. This is a key long-term value driver for the property.