Property Overview

This two-storey home at 204 Rochester Avenue in Fort Richmond presents a well-maintained and above-average offering for its neighbourhood. Built in 1974, it features 1,624 sqft of living space, an attached garage, and a renovated basement. The home sits on a 6,407 sqft lot. Its core appeal lies in its strong, consistent standing relative to peers. The living area, assessed value, and citywide lot size all rank in the top 24% of comparable homes, indicating a property that outperforms the norm in key metrics. It’s a home that has been cared for, with the updated basement adding modern livability to a classic layout.

This property would suit practical buyers looking for a move-in ready family home in a mature, established area like Fort Richmond. It’s ideal for those who value space and a history of maintenance over a brand-new build. The data suggests it’s a solid, above-par choice within its immediate area, appealing to buyers who appreciate a home that offers more substance than comparable properties without being the most extravagant on the street.

Key Questions & Considerations

1. What does the "above average" ranking truly mean for a buyer?
The rankings show the home consistently performs better than the majority of comparable properties in its area on key metrics like size and assessed value. This isn't just about being bigger; it suggests a history of investments and updates that have maintained its relative market position over time.

2. The assessed value is listed around $47.7k, but a nearby sale is shown from 2016 for ~$37.5-40.5k. Why is this?
In Manitoba, property tax assessments are not intended to reflect current market value. The assessed value is for municipal taxation purposes only and is typically significantly lower than what the home would sell for on the open market today. The 2016 sale price is a historical data point and not indicative of current value.

3. The home was built in 1974. What should I be aware of with a home of this age?
While the basement has been renovated, a home from this era may still have original components elsewhere, such as plumbing, electrical, or the roof, that are nearing the end of their serviceable life. A thorough home inspection is essential to understand the condition of these core systems.

4. The lot size is "around average" for the street but "above average" citywide. What's the takeaway?
This highlights the character of Fort Richmond as a neighbourhood with generous lot sizes. You're getting a fairly typical yard for the area, which is still a spacious lot by Winnipeg's overall standards, offering good outdoor space without being excessive to maintain.

5. Who were the previous comparable buyers, and what does the sale history indicate?
The available data shows a sale nearly a decade ago. The long ownership period suggests the sellers likely maintained the property as a long-term home, which can be a positive sign of stability and care. Understanding why they are now selling could provide useful context.