Property Overview
This one-storey home at 79 Ruttan Bay in Winnipeg's Crescent Park neighbourhood presents a specific and appealing value proposition. Its key appeal lies in a significant, above-average land size of nearly 10,000 sqft, offering rare potential for expansion, gardening, or outdoor space within the city. The home itself, built in 1953, is older than many on its street but features a renovated basement. At just over 1,200 sqft of living space, it is modestly sized and sits around the city average, while its assessed value is notably below average for its immediate street, suggesting a potentially accessible entry point into the area.
This property would suit a practical buyer who prioritizes land over a large existing footprint. It’s ideal for someone with future renovation or addition plans, a first-time buyer looking for a solid foundation in a stable neighbourhood, or a downsizer seeking a manageable single-level layout with the bonus of generous outdoor space. The below-average assessment for the street could be particularly attractive to value-conscious buyers willing to invest sweat equity.
Frequently Asked Questions
1. Is the lot size a major advantage?
Yes. At 9,674 sqft, the lot is significantly larger than most in Crescent Park, Winnipeg, and on Ruttan Bay itself. This is the home's standout feature, offering uncommon potential for future projects, privacy, or green space.
2. How does the home's condition compare to others on the street?
The data indicates the home is older than the average house on Ruttan Bay. While it has a renovated basement, the main living area is modest. Buyers should be prepared for a home that may require updates, balanced by its larger lot and location.
3. What does the below-average assessed value on the street indicate?
The assessed value is in the lower quarter for Ruttan Bay. This typically reflects the home's older age, smaller living area, and potentially the assessed value not yet capturing the full premium of the large lot. It can represent a more affordable entry into the street.
4. Who might this property not suit?
It may not suit buyers seeking a modern, move-in-ready home with ample finished space immediately. Those wanting a large interior or newer construction without renovation plans might find the home itself too modest.
5. Is the renovated basement a full secondary suite?
The listing notes a "renovated basement" but does not specify it as a legal suite. Buyers should verify the renovation permits, ceiling height, separate entrance, and kitchen facilities to understand its exact use and potential.