Property Overview: 31 Rochester Avenue, Fort Richmond, Winnipeg
Section 1: Key Characteristics & Appeal
This is a well-maintained bi-level home built in 1973, offering a practical 955 sqft of living space with a renovated basement and an attached garage. Its primary appeal lies in its value proposition and lot size. While the home's living area is modest compared to immediate neighbors, it sits on a 6,375 sqft lot that is notably larger than the Winnipeg city average, offering valuable outdoor space and potential. The recent sale in late 2024 at a price point slightly below the area's average assessed value suggests it represents a more accessible entry into the stable Fort Richmond neighborhood.
This property would suit first-time buyers or practical downsizers seeking a manageable home with a low-maintenance footprint, but who still value a generous yard. It’s also a sensible fit for value-focused investors or buyers who prioritize the utility of land and a renovated basement over sheer interior square footage. A thoughtful perspective is that this home offers a balance—it provides the community benefits and lot size of the area without the premium often attached to larger houses on the same street.
Section 2: Frequently Asked Questions
1. Is the living space too small?
At 955 sqft, the living area is below average for Rochester Avenue and Fort Richmond. However, the renovated basement significantly expands the usable space, making it efficient for individuals, couples, or small families who prioritize a generous yard over a large interior.
2. What does the assessed value tell us?
The home's assessed value is around the average for Fort Richmond. The recent sale price (fall 2024) was in a range consistent with this assessment, indicating a market-value transaction rather than a distressed sale, which points to a stable purchase.
3. How does the lot size compare?
This is a key feature. The lot is over 6,300 sqft, which ranks above average city-wide. For the neighborhood and street, it is around average, meaning you get the established, spacious lot character typical of the area without paying a premium for an exceptionally large parcel.
4. What is the neighborhood context?
Rochester Avenue is a mature street in Fort Richmond. The data shows homes here are typically larger and newer than this one, suggesting this property is one of the more modest and older on the block, which is reflected in its accessible price point.
5. Who might this not suit?
Buyers needing extensive, modern open-concept living areas or multiple large bedrooms may find the bi-level layout and square footage limiting. It’s best for those who see the lot and renovated basement as key assets that offset the compact main floor.