221 Rochester Avenue

Property Overview: 221 Rochester Avenue, Fort Richmond, Winnipeg

Key Characteristics & Appeal

This 4-level split home at 221 Rochester Avenue is a standout property in the Fort Richmond neighbourhood, distinguished by its above-average size and recent updates. Built in 1977, the home features a generous 2,288 square feet of living space, placing it in the top 2-5% of homes locally for size. Key amenities include a renovated basement, an attached garage, and a private pool. The lot is a substantial 7,010 square feet, offering ample outdoor space.

The primary appeal lies in its combination of space, modernized features, and established location. The home's living area is significantly larger than most comparable properties on its street, in the area, and across Winnipeg, providing room for a growing family or those who value spacious interiors. The renovated basement adds functional living space, while the pool is a notable luxury for a private residence. Its assessed value is strong for the immediate area, suggesting a well-maintained and desirable property.

This home would best suit buyers looking for a move-in ready family home in a mature neighbourhood, who prioritize interior space and private amenities over a brand-new build. It’s ideal for those who want room to spread out, entertain, and enjoy outdoor recreation in their own backyard without sacrificing the convenience and community feel of Fort Richmond.

Frequently Asked Questions

1. How does the home’s size compare to others?
Exceptionally well. With 2,288 sqft, it ranks in the top 2% of homes on Rochester Avenue and the top 5% within Fort Richmond, making it notably larger than the neighbourhood average.

2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. A prospective buyer should inquire about the finishes, the presence of permits, and whether it includes a legal secondary suite or additional bedrooms.

3. Is the pool an asset or a liability?
This depends on the buyer. It’s a premium feature for summer enjoyment and entertaining. However, thoughtful buyers should factor in ongoing maintenance costs, insurance implications, and safety considerations, especially for families with young children.

4. The home sold in 2021. What can that price history tell me?
The sold price range from May 2021 provides a recent market benchmark. Understanding how the current asking price compares to that sale, adjusted for any upgrades made since, is crucial for evaluating today’s value.

5. The assessed value seems low compared to likely market value. Why?
Municipal assessed values in Manitoba are for tax purposes and often lag behind current market values. The key metric here is that this home’s assessment is in the top tier for its street, indicating it is valued higher than its immediate peers by the assessor.