Property Overview: 382 Rutledge Crescent, Grassie, Winnipeg
Section 1: Key Characteristics & Appeal
This 1986 four-level split home at 382 Rutledge Crescent presents a compelling blend of space, location, and value. Its key characteristic is an exceptionally large, flat lot of over 10,000 sqft, which ranks in the top 4% for size on its own street. This provides rare potential for gardening, expansion, or private outdoor living in the Grassie neighbourhood. The 1,694 sqft living area is comfortably above average for both the street and the city, offering ample room for a family.
The home’s appeal lies in its balanced profile. It features a renovated basement and an attached garage, situated on a quiet crescent. While the home itself is of average assessed value for the area, the standout land size offers a tangible asset that is increasingly uncommon. It last sold in mid-2022 in the low $500k range.
This property would best suit practical buyers who prioritize land over sheer interior luxury. It’s ideal for a family seeking a long-term home with yard space for children and pets, or for a buyer with future renovation or addition plans where the lot size is a major advantage. It also represents a solid entry into a stable neighbourhood for someone who values the potential of the land as much as the existing structure.
Section 2: Frequently Asked Questions
1. How does the home’s age (built in 1986) affect its value?
While newer than the city-wide average, the home is slightly older than many in the immediate Grassie area. This is reflected in its average assessment for the street. Buyers should budget for updates consistent with a home of this vintage, but it also means the property is situated in a well-established, mature neighbourhood.
2. Is the assessed value an accurate guide to the likely selling price?
Not directly. The assessed value is for municipal tax purposes. The home’s last known sale price (2022) was significantly higher than its current assessment, which is common. Market conditions, the unique lot size, and the renovated basement will be the primary drivers of its market value.
3. What does the "Elite" ranking for Land Area actually mean?
This data-driven ranking shows that this lot is among the very largest on Rutledge Crescent (top 4%). Compared to the street average lot of about 6,000 sqft, this property offers nearly 70% more land, which is its most distinctive and valuable feature.
4. What are the trade-offs for having such a large lot?
The main trade-off is maintenance. A lot of this size requires more time and resources for lawn care, landscaping, and snow clearing. However, it offers unparalleled privacy and space for a growing family compared to newer subdivisions with smaller lot sizes.
5. Who might this property not suit?
It may not be the best fit for buyers seeking a modern, turn-key home with no planned projects, as some updates may be desired. It’s also less suited for those who prefer a low-maintenance yard or who place a higher priority on a recently built home over generous outdoor space.