Property Overview: 1582 Rothesay Street, Winnipeg
Section 1: Key Characteristics & Appeal
This 760 sqft home, built in 1974, presents a compact and efficient living space in Winnipeg’s River East neighborhood. Its primary appeal lies in being an accessible entry point into the housing market. With an assessed value significantly below neighborhood and city averages, it offers a lower property tax base and a purchase price that is manageable for first-time buyers or investors.
The home suits buyers prioritizing financial accessibility over square footage. It’s a practical choice for a single person, a couple, or an investor looking for a rental property. While the living area and lot size are modest compared to most area homes, its year-built is slightly newer than many on its street, potentially suggesting fewer immediate age-related concerns than older stock. A thoughtful perspective is that this smaller footprint can mean lower utility costs and less maintenance, aligning with a simpler, more budget-conscious lifestyle. Its recent sale in the $300k-$350k range indicates it sits in a sought-after price tier, likely attracting competitive interest from buyers who value location and affordability above space.
Section 2: Frequently Asked Questions
1. Is the house unusually small for the area?
Yes. The living area is notably smaller than most, ranking in the top 5% smallest on its street and in the River East neighborhood. This is a key factor in its lower assessed value.
2. What does the assessed value tell me about the property taxes?
The assessed value of $259k is well below the River East average (~$401k). This typically translates to proportionally lower municipal property taxes, which is a recurring annual savings.
3. How does the lot size impact potential for expansion or outdoor space?
The lot is approximately 3,000 sqft, which is smaller than the typical lot on the street and in the area. This may limit possibilities for large additions or extensive landscaping, but is sufficient for a manageable yard.
4. The home sold recently. What does the sold price range indicate?
The sale in the $300k-$350k range (sold above its assessed value) suggests strong market demand for well-priced, entry-level homes. It performed well compared to area sales, ranking in the top 25% on its street for sold price.
5. Are the provided sold prices and comparisons completely accurate?
The data is sourced from public records, not the MLS, and is presented as a reliable guide. For fully verified, exact sale figures, you must request a manual lookup from the site via email, as industry rules prevent displaying official MLS records here.