Property Overview
This one-storey home at 55 Rutgers Bay in Fort Richmond is a practical and well-situated property. Built in 1968, it features 1,317 square feet of living space and sits on a 6,594 sqft lot. Key updates include a renovated basement. The home does not have a garage or pool. Its most recent recorded sale was in April 2022.
Section 1: Key Characteristics & Appeal
The appeal of this home lies in its solid foundation and manageable scale. It presents as a straightforward, renovated bungalow on a good-sized lot for the neighbourhood. While its living space and assessed value are consistently "around average" compared to immediate neighbours and the wider Fort Richmond area, it holds a notable distinction: its 1968 build date makes it one of the newer homes on its specific street, which can be a plus for maintenance and systems. The renovated basement adds functional living space.
This property would suit first-time buyers or downsizers looking for a single-level living option in a mature, established neighbourhood. It’s a home that offers more outdoor space than many city-wide comparables, providing room for gardening or private recreation. The value proposition is grounded in its relative modernity for the street, its updated basement, and its typical Fort Richmond location—offering a balance between city access and residential quiet.
Section 2: Frequently Asked Questions
Q: How does this home's value compare to others nearby?
A: Its assessed value is around the average for both Rutgers Bay and the broader Fort Richmond neighbourhood. This suggests it is priced in line with local market norms, not standing out as unusually high or low.
Q: What does the "renovated basement" typically include?
A: The listing confirms the basement is renovated but does not specify finishes or layout. This is a key detail to clarify with the seller or agent to understand the quality and functionality of the space.
Q: Is the lack of a garage a significant drawback?
A: It depends on the buyer's needs. Many homes in older Winnipeg neighbourhoods lack garages. The large lot does offer potential for off-street parking and possibly future construction of a garage or carport, subject to local bylaws.
Q: The home sold recently in 2022. What does that mean?
A: A sale just a few years ago indicates a motivated seller was found in the recent market. Reviewing the exact sold price (available by request from the site) against the current asking price would help gauge recent market movement and seller expectations.
Q: The lot size is noted as "above average" city-wide. Why is that important?
A: While the lot is typical for Fort Richmond, it is larger than many across Winnipeg. This is a less obvious advantage, offering more private outdoor space, better potential for additions or landscaping, and possibly contributing to a less crowded feel than newer, denser subdivisions.