Property Overview: 251 Rutledge Crescent, Grassie, Winnipeg
Section 1: Key Characteristics & Appeal
This well-maintained one-storey home in Grassie presents a practical and value-oriented opportunity. Its key characteristic is a renovated basement, adding functional living space to the 1,073 sqft main floor. The property stands out for its generous, above-average lot size (nearly 6,900 sqft), offering more outdoor space than most homes on the street and in the wider area—a notable advantage for gardening, recreation, or future expansion.
The appeal lies in its position as a competitively priced entry point into the neighbourhood. With an assessed value significantly below the local street and area averages, it represents a relative value play. It’s a home that prioritizes land over sheer interior size, suiting buyers who value outdoor space and a renovated lower level more than a large footprint. This would be a practical fit for first-time homeowners, downsizers seeking single-level living, or investors looking for a stable rental property with a desirable lot size. A less obvious perspective is that its "below average" metrics for the immediate area could indicate less upward pressure from property taxes compared to higher-assessed neighbours, while still providing the benefits of the community.
Section 2: Frequently Asked Questions
1. How does the living area compare to nearby homes?
At 1,073 sqft, the main living area is modest and below the average for both Rutledge Crescent and the Grassie area. However, the renovated basement provides additional finished space, making the total usable area more competitive.
2. Why is the assessed value notably lower than the street average?
The assessed value is below the averages for the street and Grassie. This typically reflects the home's smaller main-floor footprint and older age (built in 1986) compared to many area comps. It results in a lower property tax base, which is a key part of its value proposition.
3. What is the significance of the lot size?
The lot is a major feature. At 6,893 sqft, it is larger than approximately 83% of lots on Rutledge Crescent and 76% in Grassie. This provides a substantial and private outdoor space uncommon for homes at this price point.
4. What can the recent sold price history tell me?
The home sold in October 2023 for a price range aligned with its current assessed value. This suggests a stable market valuation. For the exact historical sold price, you can request the information via email from the listing source.
5. What are the nearby comparable properties like?
Immediate neighbours on Rutledge Crescent are similar in age and style. The listing also references a nearby home on Mclellan Drive (same year, similar size and value) as a useful comparison, indicating this is a typical home for a specific segment of the Grassie market.