Property Overview: 1611 Rothesay Street, Winnipeg
Section 1: Key Characteristics & Appeal
This 1974-built home in River East presents a practical and affordable entry point into the Winnipeg market. With 1,168 sqft of living space, its size is consistently "around average" when compared to similar homes on its street, in the neighborhood, and across the city. Its assessed value of approximately $269k is notably below the averages for both the River East area and Winnipeg as a whole, indicating a potentially more accessible price point.
The primary appeal lies in this value proposition. You are acquiring a home of a very typical size for the city, but in a neighborhood where its valuation sits in a lower tier. This could suit first-time buyers, investors, or downsizers seeking functionality and space without a premium price tag. A thoughtful perspective is that while the lot size is significantly smaller than area norms, this translates to less exterior maintenance—a potential benefit for those seeking a simpler, more lock-and-leave property.
The home would best suit a buyer with a clear budget focus who prioritizes interior living space over a large yard. It’s a straightforward property that offers the fundamentals of homeownership in an established community.
Section 2: Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely selling price?
The assessed value is for municipal tax purposes and is a useful benchmark, not a guaranteed sale price. Market conditions, the home's interior condition, and recent comparable sales are more direct factors. Notably, its assessed value is below neighborhood and city averages.
2. How does the smaller lot size impact the property?
At 2,852 sqft, the lot is considerably smaller than most in River East. This limits expansive outdoor space and potential for large additions but also means less yard work and lower landscaping costs. It’s a trade-off that emphasizes the home itself over the land.
3. The home sold in early 2021. What can that sale tell me?
The prior sale (listed in the $200k-$250k range) provides a historical anchor point. Given market changes since then, the current assessed value suggests appreciation. For exact sale figures, you must request a manual lookup from the site via email, as per their data notes.
4. How does this home compare to others on Rothesay Street?
It’s a study in contrasts. The home is newer than the street average, with an average-sized interior, but sits on a much smaller lot and has a below-average assessed value for the street. This positions it as a more modern but compact offering on the block.
5. What are the immediate next-door properties like?
The listing shows the adjacent properties (e.g., 1607, 1613 Rothesay) are very close, with distances as little as 9 meters. This indicates a typical, close-built streetscape for the area, offering little privacy between side yards.