Property Overview: 300 Rutland Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home, built in 1912, presents a classic character home opportunity in Winnipeg's King Edward neighbourhood. Its key appeal lies in a rare combination for the area: a very generous 5,047 sqft lot, which is among the largest on Rutland Street, paired with a recently renovated basement. With 876 sqft of living space, the house itself is modest and typical for the immediate area, but the expansive yard offers significant potential for gardening, expansion, or simply enjoying ample private outdoor space.
The home suits practical, value-oriented buyers. It’s ideal for a first-time homeowner comfortable with an older home's character, or an investor looking for a property with strong land value in a central location. The renovated basement adds immediate functional living space or rental potential. A thoughtful perspective for buyers is to see beyond the home's smaller interior and older age; the standout land size is a long-term asset that is increasingly uncommon in established neighbourhoods and provides options that smaller lots do not.
Section 2: Frequently Asked Questions
1. What is the actual sold price history?
While public data shows a sold price range of $24.5k–$27.5k in September 2020, the listing service offers to provide the exact historical sold prices via email upon request, as some monthly data may be incomplete.
2. How does the property compare to others in the area?
The home is average in terms of living space and assessed value for King Edward. Its defining feature is the land area, which is in the top 1% on its street and top 18% in the neighbourhood, making the lot notably larger than most nearby properties.
3. What should I consider about a home from 1912?
While the basement has been renovated, the main structure is over 110 years old. Prospective buyers should prioritize a thorough inspection to understand the condition of original elements like the foundation, wiring, plumbing, and the roof, and budget for ongoing maintenance typical of a century home.
4. Is there a garage or parking?
The listing specifies there is no garage. Parking would be limited to on-street, so it's important to verify local parking regulations and typical availability.
5. Why is the citywide assessed value comparison so different?
The assessed value is compared to all property types citywide. The "below average" citywide ranking reflects that this is a modest, older home in a central neighbourhood, not directly comparable to newer or larger suburban properties. Its value is more accurately gauged against the local neighbourhood averages, where it sits around the middle.