Property Overview: 1662 Rothesay Street, Winnipeg
Section 1: Key Characteristics & Appeal
This 1976 home in River East presents a practical and affordable entry point into the Winnipeg market. With 1,092 sqft of living space, its size is consistently around the average for its street, neighborhood, and the wider city, offering a comfortable footprint for a smaller household. Its primary appeal lies in its value proposition: the assessed value of $276k is notably below the averages for both the River East area and the city overall. This suggests a potentially lower property tax burden and an accessible price point for buyers.
The home would suit first-time buyers or investors seeking a straightforward, no-frills property in an established neighborhood. Its lot size is smaller than many in the area, which translates to less exterior maintenance—a plus for those seeking a manageable yard. A thoughtful perspective is that while the home ranks below area averages for value and lot size, it ranks above average for its year built on its specific street, indicating it is relatively newer than many direct neighbors, which can be a positive for system longevity.
Section 2: Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely selling price?
The assessed value ($276k) is for municipal tax purposes. The home last sold for an estimated $300k-$350k in late 2022, which may be a more current benchmark, though market conditions have changed since then.
2. How does the property compare in size to nearby homes?
At 1,092 sqft, the living area is very close to the average on Rothesay Street itself. However, its lot size (3,716 sqft) is smaller than most in the broader River East neighborhood, where lots are typically larger.
3. What does the "Below Average" ranking for assessed value in the neighborhood mean?
This indicates the home's municipal assessment is lower than about 93% of comparable properties in River East. This often reflects the home's specific characteristics, like a smaller lot, and can mean comparatively lower property taxes.
4. Are there recent comparable sales to gauge value?
The provided data shows several recent sales in River East. For a direct comparison, 1672 Rothesay Street (same street, similar size and age) had an assessed value of $289k. Exact sale prices require a manual request through the site.
5. What are the implications of the home's age?
Built in 1976, the home is 50 years old. Buyers should budget for potential updates or repairs common to houses of this era, such as roofing, windows, or major mechanical systems. A pre-purchase inspection is strongly advised.