Property Overview: 275 Rutledge Crescent, Grassie, Winnipeg
Section 1: Key Characteristics & Appeal
This 1986 bi-level home at 275 Rutledge Crescent presents a practical and value-conscious opportunity in Winnipeg's Grassie neighbourhood. With 1,224 sqft of living space and a renovated basement, the home offers functional, updated living areas. It features an attached garage and sits on a 4,969 sqft lot.
The primary appeal lies in its solid positioning as a comfortable, no-fuss property. The home’s assessed value is notably above the city-wide average, suggesting strong municipal valuation for its category, while its living space is modest compared to immediate neighbours but aligns with the broader city average. This creates a scenario where you may be acquiring a well-regarded asset in a mature community without paying a premium for excessive square footage. It suits first-time buyers seeking an entry point with modernized basics, downsizers looking for manageable space without leaving the neighbourhood, or value-focused investors attracted to its stable assessment history and renovated condition. A thoughtful perspective is that while the lot size is smaller than others on the street, it translates to less exterior maintenance, a potential benefit for those seeking a simpler yard.
Section 2: Frequently Asked Questions
1. How does the home’s size compare to the area?
The living area is below the average for both Rutledge Crescent and the Grassie area, but is very close to the average for the entire city. This indicates a more compact, efficient layout compared to some neighbouring homes.
2. What does the assessed value tell us?
The assessed value is above the Winnipeg city-wide average for comparable homes, which often reflects factors like updates, lot location, and condition. It’s around the average for its immediate street and neighbourhood, indicating it is priced consistently within its local market.
3. What is the significance of the sold price history?
The home sold in July 2022 for a price closely aligned with its current assessed value. This recent sale provides a concrete market benchmark, showing stability and that the assessment is grounded in actual transaction data.
4. Who might this property not suit?
Buyers prioritizing very large interior spaces or an expansive yard on their street may find this home limiting. It’s best suited for those who value efficient, updated living space over maximum square footage.
5. How can I get the exact historical sold price?
The exact sold price is available by request. You can provide your email using the form on the property page, and the precise figure will be sent to you manually, typically by the end of the same business day.