Property Overview: 255 Rutledge Crescent, Grassie, Winnipeg
Section 1: Key Characteristics & Appeal
This well-maintained one-storey home in Grassie presents a practical and affordable entry point into the Winnipeg market. Built in 1986, its key features include 1,114 sqft of living space, a renovated basement, an attached garage, and a 4,918 sqft lot. The home’s primary appeal lies in its solid value proposition. While its living space and lot size are modest compared to immediate neighbours, its city-wide assessed value is competitive, suggesting a lower property tax burden relative to many other areas. This creates an opportunity for buyers seeking a functional, single-level layout without a premium price tag.
The property would best suit first-time homebuyers, downsizers looking for minimal maintenance, or pragmatic investors seeking a rentable property with recent basement updates. A thoughtful perspective is that this home offers more space and privacy than a condo for a similar budget, while its "below average" metrics for the street might indicate less pressure for immediate, high-end renovations, allowing new owners to customize at their own pace.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to the area?
While its assessed value is below the average for both Rutledge Crescent and the broader Grassie neighbourhood, it sits closer to the city-wide average. This often indicates a more affordable tax assessment compared to immediate neighbours, which can be a long-term financial advantage.
2. Is the living space sufficient for a family?
At 1,114 sqft, the living area is compact. It would comfortably suit a small family, a couple, or an individual. The renovated basement provides crucial additional flexible space, which is a key asset for maximizing the home’s functionality.
3. What does the lot size mean for outdoor space?
The lot is under 5,000 sqft, which is smaller than many in Grassie. This means lower maintenance for gardening and yard work—a plus for those seeking ease—but may limit options for large additions or extensive outdoor entertaining spaces.
4. The home was last sold in late 2020. What should I consider?
The sale history shows a significant increase in assessed value since 2020. A pre-purchase inspection is especially recommended to understand the condition of the 40-year-old home’s major systems (roof, HVAC, plumbing) and to verify the quality of the basement renovation.
5. Who are the typical neighbours on this street?
The provided comparable properties on Rutledge Crescent are generally larger and have higher assessed values, suggesting the street consists of established, likely long-term residents. This can contribute to a stable neighbourhood feel.