115 Ruttan Bay

Property Overview: 115 Ruttan Bay, Crescent Park, Winnipeg

Section 1: Key Characteristics & Appeal

This well-situated one-storey home in Crescent Park offers a practical and established living environment. Its key features include a renovated basement, a detached garage, and a generous 6,483 sqft lot. Built in 1954, the home is notably older than many on its own street, which can suggest a mature, settled streetscape. The living space (1,310 sqft) is comfortably above average for the immediate area, and the home’s assessed value consistently ranks in the top quarter among local and city-wide comparisons, indicating a history of solid valuation.

The appeal lies in its position within a desirable neighbourhood, offering more interior space than many nearby homes and a lot size that is larger than the city average. The renovated basement adds functional living area. It would suit buyers looking for a character home in a mature neighbourhood, who value space over new construction, and who are perhaps seeking a property with established value metrics. It’s a home for someone who appreciates a grounded, no-frills property in a good location rather than a modern showcase.

Section 2: Frequently Asked Questions

1. What does the home’s age and ranking mean?
Built in 1954, it is among the older homes on Ruttan Bay (top 7%), meaning the neighbourhood has a mix of eras. This often translates to larger lots and mature trees, but suggests buyers should pay particular attention to the condition of major aging components like the roof, windows, and foundation.

2. How does the lot size compare?
At 6,483 sqft, the lot is above the city-wide average. While it’s around the middle of the pack for Crescent Park and Ruttan Bay specifically, it still provides ample outdoor space for gardening, play, or expansion, which is a valuable asset in an established area.

3. What is indicated by the assessed value rankings?
The home’s assessed value ranks in the top 22-26% across all comparison levels. This consistent above-average ranking suggests the property has been historically valued higher than many peers, which can reflect its lot, location, improvements, or a combination of factors. It’s a useful benchmark but not a direct predictor of market sale price.

4. The home sold in 2017 for $350k. Is that relevant today?
The 2017 sale price provides historical context, but the Winnipeg market has changed significantly since then. Its primary use today is to show the property’s transaction history. Current value will be driven by present market conditions, recent comparable sales, and any updates made to the home since that time.

5. Who might this property not suit?
This home may not be ideal for those seeking a brand-new, low-maintenance property, as a 1954 build will likely require ongoing upkeep. The one-storey layout with a basement also means living spaces are vertically distributed, which could be less suitable for those with significant mobility concerns who require everything on one level, unless the basement renovation included a secondary suite.