Property Overview: 311 Rutland Street, Winnipeg
Key Characteristics & Appeal
This 1992-built bi-level home at 311 Rutland Street presents a practical, low-maintenance opportunity in Winnipeg's King Edward neighbourhood. Its key appeal lies in its modern foundation relative to the area—built nearly 50 years more recently than many neighbouring homes—which can mean fewer concerns over aging infrastructure. The home features a renovated basement and a compact, efficient living space of 791 sqft, suited for a minimalist lifestyle or a first-time buyer.
The property’s assessed value is consistent with its street and neighbourhood, suggesting a fairly priced entry point into the market. However, the lot is notably smaller than most in the city, which translates to minimal exterior upkeep but limited private outdoor space. This trade-off makes it ideal for buyers who prioritize a newer build and interior updates over yard size. It would suit a budget-conscious individual, a small household, or an investor looking for a manageable property with modern systems in an established community. Its value is functional and straightforward, offering a turnkey solution without the premium for extra square footage or land.
Frequently Asked Questions
1. How does the home's age compare to others in the area?
Built in 1992, this home is significantly newer than the neighbourhood average, where many homes date back to the late 1940s. This can be an advantage for systems, insulation, and overall building codes.
2. Is the living space smaller than average?
Yes. At 791 sqft, the living area is below average for the street, neighbourhood, and city. This indicates a efficient, compact layout best for smaller households.
3. What should I know about the lot size?
The land area is 2,416 sqft, which is smaller than most lots on the street and in Winnipeg. This means lower maintenance but also limited potential for expansions like large decks, additions, or extensive landscaping.
4. How does the assessed value context help me?
The assessed value (~$27.5k) is around average for Rutland Street and King Edward, but below the city-wide average. This suggests the property is priced in line with its immediate locale, not the broader Winnipeg market, reflecting its smaller size and lot.
5. What is the history of sales for this property?
Public data shows a sale in August 2019 for an estimated $24.5k to $27.5k. For the exact historical sold price, you can request the information directly via email from the listing source.