Property Overview
This two-storey home at 87 Rutgers Bay in Fort Richmond presents a solid, renovated living space in a well-established Winnipeg neighbourhood. Its key appeal lies in offering above-average interior space and a recently updated basement within a mature community. The home suits practical buyers looking for move-in-ready space over a large lot, and who value a neighbourhood with decades of history.
Key Characteristics & Ideal Buyer
The home’s primary strength is its generous and recently renovated living space. At 1,608 sqft, it offers more room than most comparable homes on its street, in Fort Richmond, and across Winnipeg. This is complemented by a finished basement, adding functional space. While the lot size is modest for the immediate area, it translates to less yard maintenance. The 1968 build date is among the oldest on the block, suggesting a well-settled streetscape but also pointing to the importance of a thorough inspection for major systems.
Its appeal is for the value-conscious buyer seeking space and updates without a premium price tag. It would suit a young family needing room to grow, a professional couple wanting a low-maintenance exterior with a spacious interior, or an investor looking for a renovated property in a stable university-area neighbourhood. A thoughtful perspective is that while the lot is smaller than some neighbours’, this often fosters a closer-knit street feel and reduces weekend chores.
Frequently Asked Questions
1. How does the assessed value relate to the likely selling price?
The assessed value is for municipal tax purposes. The recent 2022 sale price and current market conditions are stronger indicators of value, suggesting the home may sell above its assessed value.
2. What does the older build date mean for me?
Built in 1968, the home is part of a mature neighbourhood with established trees and character. It’s wise to pay close attention to the condition of major aging components like the roof, windows, and plumbing during an inspection.
3. Is the smaller lot size a significant drawback?
It depends on your priorities. The lot is below average for Fort Richmond, meaning less private outdoor space. However, it also means less upkeep. The space is likely sufficient for a patio, garden, or play area without being overwhelming.
4. The home sold recently in 2022. What does that indicate?
The relatively quick resale could be due to many neutral factors like a job relocation or change in circumstance. It does, however, provide a very recent and relevant price point to consider, which is a useful data point.
5. What are the advantages of the Fort Richmond location?
Fort Richmond is a sought-after neighbourhood known for its proximity to the University of Manitoba, strong schools, and convenient access to shopping and parks. It offers a blend of quiet, residential streets with good amenity access.