Property Overview: 142 Rutledge Crescent, Grassie, Winnipeg
Section 1: Key Characteristics & Appeal
This bi-level home at 142 Rutledge Crescent presents a practical and value-conscious opportunity in Winnipeg's Grassie neighborhood. Built in 1987, its key characteristics include 1,200 sqft of living space, a renovated basement, an attached garage, and a standard 5,503 sqft lot.
The appeal lies in its balanced positioning. While the living space is modest for the immediate street and area, the home's assessed value of $460k is strong citywide, suggesting good underlying value for the price. The renovated basement adds functional living space, a significant plus. Its age is an interesting factor: it's older than many homes on its street, which can sometimes indicate a more established, mature lot, but it's still newer than the typical Winnipeg home.
This property would suit first-time buyers or downsizers seeking an affordable entry into a stable neighborhood with a move-in-ready basement. It’s also a sensible fit for value-focused buyers who prioritize a solid assessment and modernized essentials over having above-average square footage. The attached garage and standard lot size offer low-maintenance, practical living.
Section 2: Frequently Asked Questions
1. Is the living space too small?
At 1,200 sqft, it is below the average for both Rutledge Crescent and the broader Grassie area. However, the renovated basement effectively expands the usable living area, making the home feel more spacious than the main floor square footage suggests.
2. What does the assessed value tell us?
The $460k assessment is around average for the street and area but ranks in the top 27% citywide. This indicates that, compared to all Winnipeg homes, this property holds a relatively strong valuation, which can be a positive signal for long-term value retention.
3. How does the 1987 build year affect the home?
Built in 1987, the home is older than many on its street but newer than the typical Winnipeg home. Buyers should benefit from modern construction standards compared to much older stock, while budgeting for updates common to homes of this era, such as windows, roofing, or major appliances.
4. What is the history of sales activity?
The last recorded sale was in September 2016, for a price between $335,000 and $365,000. The significant increase to the current assessed value reflects the strong market appreciation over the past several years.
5. Who are the most likely neighbors or buyers for this street?
The consistent assessed values and similar lot sizes of nearby properties suggest a street of uniform, well-maintained homes. This attracts buyers seeking a stable, established community setting rather than a rapidly changing or high-variance area.