Property Overview: 435 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 key appeal lies in its above-average land size for the immediate area—a 4,533 sqft lot that ranks in the top 17% of Rutland Street—offering more outdoor space than many neighbouring properties. With 1,050 sqft of living area, the house itself is modest but competitively sized for the local market, ranking above the area average.
The home suits buyers looking for a straightforward, value-conscious entry into homeownership, or investors seeking a rental property with a manageable scale. Its assessed value is notably below the Winnipeg city-wide average, which may indicate a lower property tax burden and an accessible price point. A thoughtful perspective for a buyer is that while the home is older, its construction date is very typical for the established, character-filled streets in this part of the city. The data suggests you're purchasing a home that is very much in line with its immediate community in terms of size, age, and value, rather than an outlier, which can be appealing for those seeking consistency and predictability.
Frequently Asked Questions
1. How does the property's value compare to the area?
The home's assessed value is around the average for both Rutland Street and the broader King Edward neighbourhood, but it sits significantly below the average assessed value for the entire city of Winnipeg. This suggests it represents a more affordable option within the urban market.
2. What does the sold price history indicate?
Public records show the home sold in July 2022 for an estimated range of $255,000 to $285,000. For the exact sale price, you can request the information via email from the listing source.
3. Is the lot size a significant feature?
Yes. The land area of over 4,500 sqft is a standout feature for this specific street, ranking well above the local average. This provides more yard space than many comparable properties in the vicinity, which could be used for gardening, expansion, or simply more private outdoor living.
4. What should I consider about the home's age?
Built in 1948, the home is older than the Winnipeg city median. Prospective buyers should factor in the potential for updates to major aging components like plumbing, electrical, or the roof, which is a common consideration for homes of this vintage.
5. Are there similar properties nearby?
Yes, the property is on a street with many similar homes, as indicated by several nearby addresses on Rutland Street. This consistency can contribute to stable neighbourhood character and provide good comparables for valuation.