Property Overview: 47 Rochester Avenue, Fort Richmond, Winnipeg
Section 1: Key Characteristics & Appeal
This bi-level home at 47 Rochester Avenue is a practical property that presents a clear value proposition within the established Fort Richmond neighbourhood. Built in 1976, it is notably newer than many homes on its street and in the wider area, which can be an advantage for systems and foundational upkeep. The home features 1,147 sqft of living space and a renovated basement, offering functional living areas. Its standout feature is the 6,652 sqft lot, which is larger than the city-wide average, providing generous outdoor space for gardening, play, or future expansion.
The appeal here is grounded in value and potential. With a living area and assessed value that are modest for the immediate street but align more closely with broader area and city averages, it represents an accessible entry point into a mature neighbourhood. It suits first-time buyers or practical-minded investors looking for a home with a solid lot size and a renovated lower level, without the premium price tag of a larger or fully updated property. The lack of a garage is a trade-off for the lot size, making it better suited for buyers who prioritize yard space over covered parking.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to the area?
Based on assessed value, this home is fairly typical for Fort Richmond and Winnipeg overall, but is on the lower end for Rochester Avenue itself. This suggests you may get more land and a newer build year for a price point that is competitive on the wider market.
2. What does "renovated basement" typically mean in a home of this age?
In a 1976 bi-level, a renovated basement often means the lower level has been finished into livable space, potentially adding bedrooms, a family room, or a secondary suite. It’s important to verify the scope, permits, and quality of the renovation.
3. Is the lot size a significant advantage?
Yes. At over 6,600 sqft, the lot is larger than most in Winnipeg. This provides ample private outdoor space and is a valuable asset that cannot be easily replicated, offering potential for enjoyment, gardening, or future property improvements.
4. The home sold fairly recently in 2023. What might that indicate?
The 2023 sale suggests the current ownership period has been short. While reasons vary, it’s prudent to understand the motivation for the quick turnaround, which could range from a life circumstance change to a targeted investment flip.
5. What are the considerations of not having a garage?
Buyers should factor in the cost and feasibility of adding a shed or future garage, if desired, and consider on-street parking logistics during Winnipeg winters. The large lot does provide space for a future structure, subject to local bylaws.