Property Overview: 78 Rutgers Bay, Fort Richmond, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in Fort Richmond stands out for its generous scale and established value. Its primary appeal lies in its significant living space—at 2,240 sqft, it ranks within the top 2% of homes on its street and the top 6% in the wider Fort Richmond area. This makes it a notably spacious offering for the neighbourhood. The home features an attached garage and a renovated basement, adding functional living and storage areas. Built in 1967, it sits on a 6,211 sqft lot, which is above average in size citywide.
The property’s strong and consistent assessed value, ranking in the top 5% on its street, underscores its perceived market worth. Recent sold price history indicates steady value appreciation. This home would best suit buyers looking for established character and more square footage than is typical in the area, without necessarily venturing into brand-new, premium-priced subdivisions. It’s ideal for a growing family seeking room to spread out, or for someone who values the mature setting and larger lot sizes found in this part of Fort Richmond. The renovated basement also adds immediate appeal for those wanting finished space for recreation, a home office, or extended family.
Section 2: Frequently Asked Questions
1. How does the home’s age affect its condition and potential costs?
Built in 1967, the home is of average age for its street but older than many in Fort Richmond. While the basement has been renovated, a prudent buyer should budget for potential updates to major aging components like the roof, windows, or original plumbing and electrical systems, common for homes of this era.
2. The lot size is noted as "below average" for Fort Richmond but "above average" citywide. What does this mean practically?
While the 6,211 sqft lot is smaller than many in the immediate area, it remains a substantial property by Winnipeg standards. You’ll still have a sizable backyard for recreation and gardening, but it may feel more typical of older city neighbourhoods than the more expansive lots found in some parts of Fort Richmond.
3. What is the significance of the strong assessed value ranking?
Consistently ranking in the top tier for assessed value on its street and in the area suggests the property is viewed by assessors as a higher-value asset within its peer group. This often correlates with solid construction, desirable location, and improvements, and can be a positive indicator for long-term value retention.
4. Are there any insights from the recent sale history?
The data shows the home sold in 2019 and again in 2022, with the sold price range increasing significantly in that period. This suggests a strong market for the property and may indicate thoughtful updates or a desirable location. Requesting the exact sold prices can clarify the precise rate of appreciation.
5. Who might this home not be suited for?
It may not suit buyers seeking a modern, open-concept layout without any renovation projects, as the 1967 floor plan might feel compartmentalized. It’s also likely not for those prioritizing a brand-new home with all modern warranties, or for buyers who want the absolute largest lot size available in Fort Richmond.