353 Rutland Street

Property Overview: 353 Rutland Street, Winnipeg

Section 1: Key Characteristics & Appeal

This well-situated one-storey home in King Edward presents a practical and value-conscious opportunity. Its key characteristics include 959 sqft of living space, a renovated basement, a detached garage, and a 4,002 sqft lot. Built in 1960, it is notably newer than many homes on its street and in the immediate area.

The appeal lies in its strong positioning within a local context. While its size is below the city-wide average, it is squarely average or better for the King Edward neighbourhood and Rutland Street itself, suggesting it's a comfortable fit for the area. Its assessed value ranks above average locally, indicating perceived stability. The renovated basement adds functional living space, and the lot size offers good outdoor potential for the area. The recent sale in late 2023 suggests a modernized transaction history.

This property would suit first-time buyers seeking an entry into a stable neighbourhood, or practical downsizers looking for a manageable, single-level layout with updated essentials. It’s a home for those who value neighbourhood-appropriate scale and lot size over maximum square footage, and who appreciate a home that stands slightly above its immediate peers in terms of age and assessment.

Section 2: Frequently Asked Questions

1. How does this home compare to others in the area?
The data shows this home is competitively positioned within its immediate locale. It is newer than the average home on Rutland Street and in King Edward, and its assessed value is above the street average. Its living space is typical for the neighbourhood.

2. What is the significance of the sold price history?
The home sold in late 2023 for an estimated $33.5k-$36.5k, a price that ranked in the top 13% for sales on Rutland Street at that time. This indicates a strong market reception relative to its direct peers. A prior sale in 2016 was at a more median price point for the area.

3. Is the lot size a pro or a con?
At just over 4,000 sqft, the lot is below the Winnipeg city average but is actually above average for Rutland Street itself. It provides a balanced outdoor space for the neighbourhood—large enough for gardening or recreation without the maintenance demands of a much larger yard.

4. Who might this property not suit?
Buyers seeking a large, sprawling home or a brand-new build may find it limiting. Its living area is below the city-wide average, and while newer than its neighbours, it is still a 66-year-old home that may require updates beyond the renovated basement.

5. What is the potential here?
The combination of a renovated basement, a manageable lot, and a home that is newer than its surroundings suggests a property that has been cared for. The potential lies in continuing to maintain and update a solid, contextually well-sized home in a established neighbourhood, rather than in major expansion or redevelopment.