Property Overview: 296 Rutland Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a distinct value proposition within Winnipeg's King Edward neighborhood. Its key characteristic is a significantly below-average assessed value of $146k, which ranks in the bottom 3% compared to both the immediate street and the wider city. This is paired with a modest 936 sqft living area, which is typical for the local street but below the Winnipeg average.
The primary appeal lies in its affordability and potential. It represents one of the most accessible entry points into the Winnipeg market, particularly for a standalone house. The lot size, while smaller than the city average, is reasonably proportional for the area. Built in 1913, it is a character home from a earlier era, which may appeal to those not seeking a modern layout.
This property would best suit practical, value-focused buyers. It's a clear match for first-time homeowners or investors seeking a lower-cost entry with renovation potential. It may also attract buyers who prioritize low property tax liability due to its low assessment. A less obvious perspective is that its consistent "below average" metrics across the board signal a property that hasn't been subject to the same market pressures or upgrades as its neighbors, offering a blanker canvas at a fixed cost.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than nearby homes?
The assessed value is based on municipal evaluation, which considers factors like the home's age (1913), size, and condition. Its ranking in the bottom 3% for the area suggests it has not been renovated or updated to the same extent as comparable properties.
2. Is the living space sufficient for a family?
At 936 sqft, the living area is around the local average for the street but is considered compact by modern Winnipeg standards. It would likely suit a small family, a couple, or an individual more comfortably than a larger household.
3. What should I know about a house built in 1913?
Homes from this era often possess character but may require attention to older building systems like wiring, plumbing, and insulation. A thorough inspection is essential to understand the condition and any potential costs for updates or maintenance.
4. How can I find out the actual sale history for this property?
The public data provided does not show a detailed transaction history. You can request exact sold price figures and full history by emailing the site directly for a manual lookup, as MLS records are not displayed here.
5. How does the lot size compare?
The 2,523 sqft lot is slightly below average for Rutland Street and more notably below the neighborhood and city averages. This means smaller outdoor space but potentially less maintenance.