Property Overview: 27 Rutgers Bay, Fort Richmond, Winnipeg

Section 1: Key Characteristics & Appeal

This 4-level split home, built in 1967, offers a compelling blend of space and value in the established Fort Richmond neighbourhood. Its primary appeal lies in its generous proportions. With 1,759 sqft of living area, it ranks in the top 10% for size on its own street and well above the city-wide average, providing ample room for a growing family or those who value spacious interiors. The lot size of 6,652 sqft is also notably larger than most city properties, offering excellent outdoor potential.

The home’s assessed value is positioned solidly in the middle range for the area, suggesting it is priced accessibly relative to its substantial square footage. A key feature is the renovated basement, which adds functional living space. The absence of a garage or pool indicates a property focused on practical living rather than luxury amenities.

This property would best suit value-conscious buyers looking for maximum interior and yard space in a mature neighbourhood. It’s ideal for families or individuals who prioritize room to grow over a brand-new build and are comfortable with a home from the 1960s. A thoughtful perspective is that its "average" assessment for the street, combined with its "above-average" size, could represent a strategic entry point into a desirable area, offering more house for the dollar than many comparable listings.

Section 2: Frequently Asked Questions

1. What does the "renovated basement" entail?
The listing confirms the basement is renovated, but the specific scope, quality, and permits for this work are not detailed. A prospective buyer should inquire about what was done, when, and by whom to understand the finish and any potential moisture management in this lower level.

2. How does the lack of a garage affect daily living and value?
There is no garage on the property. This means all vehicles will be parked on the driveway or street, and storage or workshop space will need to be accommodated within the home or a shed. This is a common feature in many older neighbourhoods and is reflected in the home's pricing.

3. The home sold in early 2022. What has changed since then?
The sold price range from February 2022 provides a historical benchmark, but market conditions, interest rates, and potentially the property itself have likely changed. It’s important to get a current market evaluation to understand its present value.

4. The living area is large for the neighbourhood. Are property taxes proportionally higher?
Not necessarily. The assessed value, which taxes are based on, is around the neighbourhood average. This suggests you may get more square footage without a disproportionate tax penalty compared to smaller homes on the same street.

5. What is the typical profile of this neighbourhood?
Fort Richmond is an established, family-oriented community near the University of Manitoba. It offers a mix of older homes like this one and newer infill developments, with access to schools, parks, and conveniences. The area tends to attract academics, families, and long-term residents.