Property Overview: 254 Rutland Street

Key Characteristics & Appeal

This two-storey home at 254 Rutland Street in Winnipeg's King Edward neighbourhood presents a practical and affordable entry point into homeownership. Built in 1978, it is notably newer than many surrounding homes, potentially offering modern advantages in construction and systems. With 922 sqft of living space and a renovated basement, it provides functional, compact living. The assessed value is modest, placing it well below the citywide average and indicating a lower property tax burden.

The primary appeal lies in its value proposition within its immediate context. While its lot size is smaller than many in the city, it is more typical for the street and area, suggesting a lower-maintenance yard. The home suits first-time buyers, downsizers, or investors seeking a straightforward, no-frills property in an established neighbourhood without a premium price tag. Its "around average" rankings on the street for size and value suggest it is a representative, not overpriced, option in its local market. A thoughtful perspective is that its newer build date relative to the area could mean fewer immediate heritage-related renovation constraints and potentially more straightforward maintenance.

Frequently Asked Questions

1. How does the property's size compare to nearby homes?
At 922 sqft, the living area is very close to the average for both Rutland Street and the broader King Edward neighbourhood. It is, however, significantly cozier than the typical Winnipeg home, which averages around 1,342 sqft.

2. What does the assessed value tell me about this property?
The assessed value of $28,600 is around average for the immediate area but places the home in the lower third of properties citywide for value. This typically correlates with a more affordable purchase price and lower annual property taxes.

3. Is the lot size a concern?
The 2,523 sqft lot is manageable and near the street average, but it is smaller than most lots in both the King Edward area and Winnipeg overall. This means less outdoor maintenance but also limited space for expansions, large gardens, or privacy.

4. The home was built in 1978. Is that an advantage?
Yes, in this context. It is decades newer than the neighbourhood's typical early-1900s homes. This can mean more modern wiring, plumbing, and insulation, potentially reducing the risk of major, costly updates required in much older character homes.

5. Who would this property best suit?
It is well-matched for pragmatic buyers prioritizing location and affordability over space. First-time buyers can get into the market with lower ongoing costs, while investors might find a stable rental property. It may be less ideal for those needing multiple bedrooms, extensive living space, or a large private yard.