Property Overview
330 Rutland Street is a modern, two-storey home in Winnipeg's King Edward neighbourhood. Built in 2023, it stands out for its new construction and above-average living space in an area of predominantly older, smaller homes. The property features a renovated basement and sits on a standard city lot for the immediate area.
Key Characteristics & Appeal
This home’s primary appeal lies in its rarity and modern condition within its context. It is a new build in an established neighbourhood, offering 1,541 sqft of living space, which places it in the top 5% of homes on its street and the top 3% within King Edward for size. Its assessed value is notably high for the area, ranking in the top 1-3% locally, reflecting its newness and larger footprint compared to neighbouring properties, many of which date back to the early 1900s.
The home would suit buyers seeking a move-in-ready, modern property without leaving a central, character-filled neighbourhood. It’s ideal for those who value new systems, contemporary layouts, and low maintenance over a large private yard, as the land area is modest. It also presents a unique opportunity for equity-minded buyers, as its modern features and size are atypical for King Edward, potentially offering a different value proposition than the surrounding historic homes.
Frequently Asked Questions
1. Why is the assessed value so high compared to nearby homes?
The assessed value reflects the home's very recent construction (2023) and its significantly larger living area compared to the neighbourhood average, which consists mostly of smaller, century-old homes.
2. What does the "Elite" ranking mean for living area and value?
These rankings indicate that, specifically within the King Edward neighbourhood and on Rutland Street itself, this home is in the top 1-5% of properties for both its size and its assessed value, highlighting its standout characteristics in a local context.
3. Is the lot size a drawback?
The land area is around average for Rutland Street but below the wider city average. This is typical for the dense, central neighbourhood. It suits buyers prioritizing a modern home and interior space over extensive outdoor privacy or landscaping potential.
4. What is the significance of the sold price history shown?
The listed sale from 2017 (for a different, older property) is provided as a neighbourhood reference point, starkly illustrating the value difference between a standard area home and this new construction. The exact sale price for 330 Rutland Street itself is available upon request.
5. Who would this property not suit?
It may not suit buyers seeking a historic character home, a very large yard, or those with a budget focused on the neighbourhood's typical price point. Its value proposition is based on modern amenities, not classic charm or land size.