Property Overview
282 Rutland Street is a compact, one-and-a-half storey home built in 1918, situated on a standard city lot in Winnipeg's King Edward neighbourhood. With 696 square feet of living space and an unfinished basement, it represents a straightforward, no-frills property. Its assessed value is notably low, both for the street and citywide, and it last sold in 2019 for a modest price. This is a home defined by its practicality and position as an entry point into the market.
Key Characteristics & Appeal
The primary appeal of this home lies in its affordability and simplicity. It suits a first-time buyer, an investor looking for a rental property, or someone seeking a minimalist footprint with very low property taxes. Its charm is not in luxury finishes or size, but in its potential as a blank canvas and its financial accessibility.
A less obvious perspective is its statistical standing. While small, its living area is not the smallest on its street, ranking in the top half for its age. This suggests it exists within a fabric of similar, character homes, offering a sense of neighbourhood consistency rather than standing out as an anomaly. The appeal here is for a buyer who values a basic shelter without financial strain, sees potential in a basement for future expansion, and is comfortable in a home that requires a hands-on approach over time. It is not suited for those needing modern, turn-key conditions or ample space.
Frequently Asked Questions
1. What is the actual selling price?
The exact sold price history is not publicly displayed. The listed range is based on available data, but you can request the precise figures via email from the listing service.
2. What does "below average" for living area mean practically?
At 696 sqft, the home is significantly smaller than the Winnipeg average. This means efficient use of space is essential, and it typically accommodates one or two occupants comfortably. The unfinished basement presents the only option for expanding usable space.
3. Is the low assessed value a positive?
Yes, primarily. It translates to significantly lower annual property taxes compared to most city homes, which is a major ongoing cost savings. It reflects the home's modest size and condition, not necessarily its market value.
4. What should I know about a house built in 1918?
While the structure has proven durable, a home of this age will likely require attention to older components like wiring, plumbing, and insulation. A thorough inspection is crucial to understand the condition and any needed updates.
5. Are the nearby "similar value" properties good comparables?
Not directly. The list includes apartments and homes in different neighbourhoods, grouped solely by identical assessed value for tax purposes. For true market comparison, focus on the nearby houses on Rutland and Inglewood Streets, which share the same location, era, and style.