Property Overview: 123 Ruttan Bay, Crescent Park, Winnipeg

Section 1: Key Characteristics & Appeal

This is a well-situated, single-storey home in Winnipeg's Crescent Park neighbourhood, built in 1953. Its key features include a renovated basement and a detached garage. The property sits on a 5,894 sqft lot, which is notably spacious for the immediate street but more average when compared to the wider city. With 1,231 sqft of living space, the home offers a comfortable, average-sized layout for the area.

The primary appeal lies in its balance and potential. The renovated basement adds immediate functional living space, while the lot size presents a relative rarity on its street, offering valuable outdoor space or future expansion possibilities in a mature neighbourhood. The home’s assessed value is below average for its specific street, which could indicate an entry point into a desirable location. This property would suit practical buyers looking for a solid, move-in-ready base in a central neighbourhood—particularly first-time homeowners or downsizers who value a main-floor living layout, a low-maintenance footprint, and the upside of a larger-than-typical lot for the immediate area.

Section 2: Frequently Asked Questions

1. How does the lot size compare to nearby properties?
While the lot is below the average size for Ruttan Bay itself, it still ranks in the top 35% citywide. This means you get more outdoor space than most Winnipeg homes, but it may feel modest compared to some immediate neighbours.

2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. A professional inspection is recommended to determine the finish quality, legal compliance, and moisture control, which are key for valuing this added space.

3. Has the home’s value increased significantly?
Yes. Public sale records show a substantial increase from $32.5k in 2017 to $390k in 2022. This suggests strong market appreciation, but the current assessed value remains modest for the street, which may be a point of discussion regarding property taxes and market value.

4. Is the age of the home (1953) a concern?
The build year is actually older than most on its street but average for the broader neighbourhood and city. While the core structure is mature, the renovated basement indicates some updates. A thorough inspection of major aging components (roof, wiring, plumbing, foundation) is essential.

5. Who are the typical neighbours?
The listing shows nearby properties are primarily on the same street or in adjacent parts of Crescent Park, with similar assessed values found in established neighbourhoods like Varsity View and Elmhurst. This suggests a community of well-maintained, mid-century homes.