Property Overview: 1552 Rothesay Street, Winnipeg
Section 1: Key Characteristics & Buyer Profile
This 864 sqft bungalow, built in 1974, presents a practical and affordable entry point into Winnipeg’s River East neighborhood. Its key appeal lies in its relative value and manageable scale. While its living space and lot size (3,032 sqft) are notably below area averages, this translates to lower maintenance demands and a proportionally lower assessed value of $271k—significantly under neighborhood and city benchmarks. The home is newer than many on its street, suggesting potentially fewer immediate updates compared to older stock.
This property suits first-time buyers, downsizers, or investors seeking a lower-cost holding in a stable community. Its below-average footprint means utility and upkeep costs are likely modest, a key advantage for budget-conscious owners. The appeal is pragmatic: it offers ownership in a well-established area without the premium price tag of larger homes, ideal for those who prioritize financial efficiency over square footage.
Section 2: Frequently Asked Questions
1. Is this a good value compared to the neighborhood?
Yes, from an assessment perspective. The home’s assessed value is in the top 50% on its own street but ranks in the bottom 6% for the wider River East area, indicating you are paying significantly less than the neighborhood average for a property here.
2. How does the lot size impact the property?
The lot is smaller than most in River East. This limits expansive outdoor projects but reduces yard work and may lower property taxes, which are partially based on land value. It’s a trade-off that favors low-maintenance living.
3. What does the sale history indicate?
The home sold in 2021 and 2019, each time in a competitive price bracket for its street. This suggests consistent, steady market interest at its price point, without extreme volatility.
4. Is the living area a concern?
At 864 sqft, it’s compact. This requires efficient use of space and may not suit those needing multiple dedicated rooms. However, for one or two people, it can be cozy and cost-effective to heat and maintain.
5. How can I get exact past sale prices?
The site provides sold price ranges. For precise figures, you must request a manual lookup via email, as this data is not sourced from the MLS system. They state this service is provided without advertising follow-up.