Property Overview

This 1,455 sqft one-storey home at 363 Rutledge Crescent in Winnipeg's Grassie neighbourhood presents a compelling blend of space, location, and potential. Built in 1986, it features a renovated basement and an attached garage. Its standout characteristic is the exceptionally large 13,857 sqft lot, which ranks in the top 1-4% compared to neighbouring and city-wide properties. This generous outdoor space offers rare potential for gardening, expansion, or simply enjoying ample privacy in a city setting. While the living area is comfortably average for the street and area, the home’s assessed value sits above average, suggesting it is well-regarded within its immediate locale.

The primary appeal lies in its land value and established neighbourhood setting. It suits buyers looking for a solid bungalow layout with a move-in-ready basement and, more importantly, those who prioritize land size over a brand-new build. It’s an ideal fit for someone wanting room for a future addition, a dedicated hobby space like a workshop or large garden, or a family desiring extensive safe play area. The data indicates you’re paying a premium for the lot and the home's positioning on its street, making it a strategic purchase for a long-term holder who values space and stability.

Frequently Asked Questions

Q: How does the home’s value compare to others nearby?
A: Its assessed value of $510k is above the average for Rutledge Crescent, ranking in the top 16% of 107 homes on the street. This indicates it is considered a higher-value property in its direct vicinity, likely influenced by the large lot and renovations.

Q: Is the lot size truly unusual?
A: Yes. At nearly 14,000 sqft, the lot is exceptionally large. It ranks #1 on Rutledge Crescent and is in the top 4% of all lots in the broader Grassie area, offering a rare amount of private outdoor space for an in-city property.

Q: The home was built in 1986. Should I be concerned about major updates?
A: The basement has been renovated, which is a significant update. As with any home of this age, a thorough inspection is recommended to assess the condition of major systems like the roof, windows, and HVAC, which may be nearing or past their typical lifespans.

Q: What does the sold price history show?
A: Public records show it last sold in December 2021 for a price range estimated between $40.50k and $43.50k. This appears to be an anomaly and likely represents a partial interest or non-arms-length transaction. For an accurate, verified sale history, you would need to request the exact data from the listing service.

Q: Who would this property NOT be ideal for?
A: It may not suit buyers seeking a modern, open-concept layout without renovation work, as the main floor reflects 1980s design. It’s also less ideal for those who prefer a low-maintenance yard, as the large lot requires more upkeep, or for investors solely focused on the newest builds in a subdivision.