Property Overview: 245 Rutland Street, Winnipeg
Key Characteristics & Appeal
This one-storey home on Rutland Street in King Edward is defined by a compelling contrast: a modest, renovated 704 sqft living space on a notably generous 5,039 sqft lot. Built in 1946, its living area is below average for the street, neighbourhood, and city, positioning it as a cozy, efficient living space rather than a sprawling one. However, its land area ranks in the top 7% on its street and top 19% in King Edward, offering significant outdoor space and future potential that is rare for the area.
The home’s appeal lies in this balance of a manageable, updated interior and a substantial lot. It suits first-time buyers or downsizers seeking a low-maintenance footprint without sacrificing yard space for gardens, pets, or private outdoor living. The detached garage adds practical storage. With an assessed value that is average for its immediate vicinity, it represents a grounded entry point into the market. A thoughtful perspective is that this property offers "expansion in place"—the large lot provides a long-term option for additions or redevelopment that smaller lots in the neighbourhood simply cannot, making it a strategic purchase for those planning for future needs.
Frequently Asked Questions
1. How does the home's size compare to others?
At 704 sqft, the living area is below the average for comparable homes on Rutland Street (~968 sqft), in King Edward (~952 sqft), and citywide (~1,342 sqft). It is a compact, efficiently designed bungalow.
2. What is the significance of the lot size?
The 5,039 sqft lot is a standout feature. It is significantly larger than the average lot on Rutland Street (~3,297 sqft) and in King Edward (~3,798 sqft), offering ample outdoor space and future potential relative to neighbouring properties.
3. What is the property's assessed value context?
The assessed value of $26,800 is around the average for Rutland Street and the King Edward neighbourhood. Citywide, it is below the average assessed value for comparable homes.
4. When was it last sold and for approximately how much?
Based on available data, the property was sold in December 2017 for an approximate price between $21,500 and $24,500.
5. What are the key features of the home itself?
The home is a one-storey bungalow built in 1946. It includes a renovated basement and a detached garage. It does not have a pool.