Property Overview: 198 Rutledge Crescent, Grassie, Winnipeg
Key Characteristics & Buyer Profile
This bi-level home at 198 Rutledge Crescent is a practical and updated property in Winnipeg's Grassie neighborhood. Its key features include 1,168 sqft of living space, a renovated basement, an attached garage, and a 5,107 sqft lot. Built in 1986, the home presents a solid, move-in-ready foundation.
The primary appeal lies in its value positioning and modernized lower level. While its living space is below average for its immediate street and area, it compares more favorably city-wide. The recently renovated basement adds functional square footage and contemporary appeal. The property’s assessed value is notably below average for the area, which could signal a relative value opportunity for a buyer compared to neighboring homes.
This home would best suit first-time buyers or downsizers seeking an affordable entry into a stable neighborhood with modern finishes already in place. It’s also a sensible fit for value-conscious investors or homeowners who prioritize updated interiors over having the largest footprint on the block. The bi-level design offers clear separation between living and sleeping areas, which appeals to those looking for defined spaces.
Frequently Asked Questions
1. How does this home’s size compare to others nearby?
At 1,168 sqft, the living area is modest and below the average for both Rutledge Crescent and the broader Grassie area. However, it is much closer to the average home size across the entire city of Winnipeg.
2. What does the “renovated basement” include?
The listing confirms the basement is renovated but does not specify the scope. Prospective buyers should inquire about the quality of finishes, permits for any structural work, and the intended use of the space (e.g., additional bedroom, recreational room).
3. Is the assessed value a reliable indicator of the listing price?
The assessed value is $42.40k, which is below area averages. It’s important to note that municipal assessed value for taxation purposes often differs significantly from current market value. The most recent sold price data from April 2024 shows a range of $44.50k to $47.50k, which may be a more relevant recent benchmark.
4. What is the neighborhood like?
Grassie is a mature neighborhood. The data shows homes on this street and in this area typically have larger lots and are more valuable on average, suggesting well-established surroundings. The concentration of similar-valued homes in nearby areas like Elmhurst and Varsity View indicates this price point is consistent for certain pockets of the city.
5. Are there any obvious drawbacks to consider?
The home ranks below area averages for both living space and lot size. For buyers wanting ample room for expansion or outdoor activities, the lot may feel constrained. Additionally, being below area averages for key metrics could influence future resale value compared to larger homes on the same street.