Property Overview: 31 Rutgers Bay, Fort Richmond, Winnipeg

Section 1: Key Characteristics & Appeal

This one-storey home in Fort Richmond is a practical and straightforward property built in 1967. With 1,223 sqft of living space, it is notably compact compared to others on its street, but its recently renovated basement adds valuable functional space. The lot is a genuine asset—at 6,580 sqft, it is larger than the typical Winnipeg residential plot, offering ample outdoor potential. A detached garage provides additional storage or workshop space.

The appeal here lies in its modesty and potential. It’s a home that prioritizes a generous yard over a large interior footprint, suited for someone who values outdoor space for gardening, recreation, or future expansion. Its assessed value is consistently average for the area, suggesting a stable, no-surprises investment. This property would best suit first-time buyers, downsizers looking for single-level living, or value-oriented investors seeking a rental property with a low maintenance profile. It’s not a luxury offering, but a grounded opportunity in a well-established neighbourhood.

Section 2: Frequently Asked Questions

1. How does the home’s size compare to the neighbourhood?
While the living area is below average for Rutgers Bay street specifically, it is around the average size when compared to the broader Fort Richmond area and city-wide. The renovated basement effectively expands the usable space.

2. What is the significance of the lot size?
At 6,580 sqft, the land area is above the city-wide average. This is a key feature, offering more private outdoor space than many newer properties and providing room for additions, a large garden, or recreational use.

3. What can recent sold prices tell us?
The home sold in early 2024 and previously in 2016. The price ranges shown indicate steady, moderate appreciation in line with area averages, reflecting a stable market history without dramatic fluctuations.

4. Who might this property not suit?
Buyers seeking a modern, open-concept layout or extensive square footage entirely on one main level may find the original 1967 floor plan and modest living area limiting. It’s a home that benefits from the additional basement space.

5. How does the assessed value impact property taxes?
The assessed value is around the neighbourhood median. This typically results in property tax bills that are average for Fort Richmond, avoiding the higher taxes associated with a premium assessment while not being among the lowest.