Property Overview: 1634 Rothesay Street, Winnipeg
Section 1: Key Characteristics & Appeal
This 864 sqft bungalow, built in 1974, presents a clear value-oriented opportunity in Winnipeg’s River East neighborhood. Its primary characteristic is its modest scale, with both living area and lot size (3,011 sqft) consistently ranking below local and citywide averages. This translates into a correspondingly below-average assessed value of $248k, which is notably lower than many comparable homes in the area.
The appeal lies squarely in affordability and efficiency. It suits first-time homebuyers seeking an entry point into the market, downsizers looking to reduce maintenance and costs, or investors searching for a rental property with a lower initial investment. A thoughtful perspective is that a smaller, well-maintained home on a modest lot can offer a simpler, more manageable lifestyle with reduced utility and property tax burdens. While not a large or recently built property, its 1974 construction date is actually newer than many on its street, suggesting potentially fewer age-related concerns than some immediate neighbors.
Section 2: Frequently Asked Questions
1. Is this a good value for the area?
Based on assessed value, this property is priced significantly below neighborhood averages, suggesting a lower entry cost for River East. However, the living space and lot are also smaller than typical, so the value is in acquiring a foothold in the area rather than getting an above-average property for the price.
2. What does the sold history indicate?
Records show it last sold between $200k-$250k in July 2017. This recent history, combined with its current assessment, suggests a stable, moderate value range. Exact sold prices require a manual request from the site.
3. Who would this property not suit?
It would likely not suit buyers needing ample indoor space, multiple bedrooms, a large yard, or those seeking a property at or above neighborhood averages in size. It is a pragmatic choice, not a premium one.
4. How does the lot size impact potential?
The lot is smaller than most in River East. This limits expansion possibilities like large additions or pools but also means less yard work and lower exterior maintenance costs.
5. Where can I get verified sale data for this home?
The site notes that exact sold prices are not displayed publicly due to data sourcing rules. You must email their team for a manual lookup to receive the precise transaction history.