Property Overview: 1551 Rothesay Street, Winnipeg
Section 1: Key Characteristics & Appeal
This 1,414 sqft home, built in 1974 on a 3,824 sqft lot, presents a practical opportunity in Winnipeg's River East neighborhood. Its primary appeal lies in its value proposition and above-average living space relative to its immediate street. While its assessed value of $260k is notably below the broader neighborhood and city averages, the home offers more square footage than most comparable houses on Rothesay Street itself. This creates an interesting dynamic: you get a larger-than-typical house for the street, at an assessed value that sits well below the area's norm.
The property would suit value-conscious buyers, such as first-time homeowners or investors, who prioritize interior space over a large yard and see potential in a home priced below its surrounding market. It’s a pragmatic choice for someone looking for a foothold in a stable neighborhood without paying the area's typical premium, accepting that the lot size is more compact than others nearby. The data suggests it's a house that stands out on its own block for its size, yet remains an affordable entry point into the wider community.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the neighborhood average?
While the exact reasons aren't specified, a below-average assessment can stem from factors like the home's condition, specific features, or the smaller lot size compared to area norms. It's a signal to investigate the property's state and potential update needs.
2. How does the living area compare to nearby homes?
This is a strength of the property. At 1,414 sqft, it ranks in the top 12% for living space on Rothesay Street itself, meaning it offers more interior room than most of its direct neighbors.
3. What does the sold price history indicate?
Records show it last sold between $250k-$300k in August 2021, a price range that was in the lower tier for the neighborhood at that time. This history is consistent with its current below-average assessment.
4. Is the lot size a significant drawback?
The lot is smaller than the neighborhood average. This may mean less outdoor space but could also translate to lower maintenance. It's a trade-off that contributes to the home's accessible pricing.
5. How can I verify the exact past sold price?
The site provides sold price ranges publicly. Due to industry rules, exact MLS figures are not displayed online. You can request the precise sale history via email from the site provider for a manually verified record.