Property Overview: 319 Rutland Street, Winnipeg
Key Characteristics & Appeal
This two-storey home, built in 2020, presents a compelling mix of modern convenience and established neighbourhood character. Its primary appeal lies in its "like-new" condition within the mature King Edward area, offering a move-in-ready solution without the wait or uncertainties of new construction. With 1,332 sqft of living space and a renovated basement, it provides ample room for a small family or professionals.
The data reveals a nuanced story. The home ranks exceptionally well for its Year Built (top 3% in the neighbourhood) and Assessed Value (top 3% in King Edward), indicating it is a notably newer and higher-valued property compared to most in the area. Its Living Area is also above average for both the street and neighbourhood. A thoughtful perspective is that this represents a low-maintenance, energy-efficient footprint within a classic community, ideal for those who want character nearby but modern systems at home.
The trade-off is a Land Area that is smaller than most comparables (top 95%, meaning only 5% of lots are smaller). This suits buyers who prefer a manageable yard with less upkeep, but may not suit those seeking extensive outdoor space. The detached garage adds practical storage or parking.
This property would best suit first-time buyers, small families, or downsizers seeking a modern, low-maintenance home in a central Winnipeg neighbourhood without sacrificing interior space or quality. It’s for those who value updated interiors and newer infrastructure over a large private yard.
Frequently Asked Questions
1. How does the assessed value relate to the likely selling price?
The assessed value of $41,500k is for municipal tax purposes and is typically lower than market value. The home’s "elite" ranking for assessed value in King Edward suggests it is a higher-value property in the area, but the actual selling price will be determined by current market conditions.
2. What are the implications of the smaller lot size?
The lot is 2,517 sqft, which is compact for the city and neighbourhood. This means lower yard maintenance and potentially lower property taxes, but less private outdoor space. It emphasizes efficient use of the interior and any available patio or deck areas.
3. The home sold in late 2020. What can that price history tell me?
The previous sale price range ($30.50k - $33.50k) reflects the home’s value as a brand-new build at that time. Market appreciation, the completed basement renovation, and established landscaping since then are key factors in its current value.
4. How does this modern home fit into the King Edward neighbourhood?
King Edward is known for its older housing stock. This 2020 build is a rarity, placing it in the top 3% for year built locally. You benefit from a new home’s infrastructure while being part of a well-established community with mature trees and settled streetscapes.
5. What is not included in this data that I should investigate?
The data highlights size, value, and age metrics. Essential next steps would be to investigate the specific quality of the basement renovation, the home’s energy efficiency ratings, any applicable new home warranties still in effect, and the specific zoning or bylaws related to the smaller lot.