Property Overview: 427 Rutland Street, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home, built in 1948, presents a practical opportunity in Winnipeg's King Edward neighbourhood. Its primary appeal lies in offering above-average space for the immediate area. With 1,200 square feet of living area, it ranks in the top 18% of homes on Rutland Street for size, providing more room than many neighbouring properties. The lot is also a standout locally at 4,331 square feet, placing it in the top 21% on the street, which is a notable advantage for outdoor space or future expansion in this established area.
The home features a renovated basement, adding to its functional living space. It suits first-time buyers or practical investors looking for a character home with a generous lot in a central location, without the premium price tag of newer or fully modernized properties. A thoughtful perspective is that while its assessed value is average for the street and neighbourhood, it is below the citywide average, suggesting it may represent a value proposition within its own community. The data indicates a stable history, with a sale in late 2017, pointing to a well-established residential setting.
Frequently Asked Questions
1. How does the living space compare to nearby homes?
At 1,200 sqft, this home offers more living area than approximately 82% of other homes on Rutland Street, making it a spaciously sized option for the immediate block.
2. What is the significance of the lot size?
The 4,331 sqft lot is larger than about 79% of lots on Rutland Street, providing a valuable outdoor space asset that is less common in this part of the neighbourhood.
3. Is the assessed value typical for the area?
Yes. The assessed value is around the median for both Rutland Street and the broader King Edward neighbourhood, indicating it is priced in line with local market norms.
4. What does the sale history show?
The property was last sold in November 2017. Exact sale prices are available upon request to ensure accuracy, as per the listing details.
5. Are there any notable features or omissions?
The home includes a renovated basement but does not have a garage or pool. Its characteristics are typical of a solid, post-war home with updates, positioned on a notably large lot for the street.