Property Overview & Key Characteristics

This one-storey home at 314 Rutland Street in Winnipeg's King Edward neighbourhood presents a practical and straightforward opportunity. Built in 1918, its 750 sqft living area is modest and below the citywide average, but it sits on a notably larger-than-average lot for its immediate street (over 4,100 sqft). The basement has been renovated. There is no garage or pool.

The appeal lies in its efficiency and land potential. With an assessed value that is average for the local area but well below the city average, it represents an accessible entry point into the market. The generous lot size for the area offers valuable outdoor space and future potential, whether for gardening, expansion, or redevelopment. Its recent sale history suggests it is a financially approachable property.

This home would best suit first-time buyers, downsizers, or practical investors looking for a low-maintenance footprint without sacrificing yard space. It’s for someone who values a solid foundation and location over turn-key finishes, and who sees the value in the land itself.

Frequently Asked Questions

1. Is this a small house?
Yes, at 750 sqft, the living space is compact and below average for Winnipeg. However, the property compensates with a larger-than-average lot size for the street, providing valuable outdoor space.

2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the details. This would be a key point to clarify with the seller or agent regarding the finish, ceiling height, and permitted uses.

3. The assessed value seems low. Why?
The assessed value is around average for King Edward but is significantly below the Winnipeg citywide average. This typically reflects the home's smaller size, age, and the neighbourhood's market dynamics, not necessarily the condition.

4. What is the parking situation?
The listing notes there is no garage. Parking is likely via on-street permit or a driveway, which should be verified as the lot size could potentially accommodate off-street parking.

5. How does the lot size compare to nearby properties?
The land area of 4,139 sqft ranks in the top 24% on Rutland Street, meaning it is substantially larger than many of its immediate neighbours, which is a distinct advantage of this property.