Property Summary: 321 Rutland Street, Winnipeg

Section 1: Key Characteristics & Appeal

This one-storey home at 321 Rutland Street in the King Edward neighbourhood presents a practical and value-oriented opportunity. Its key characteristics include a renovated basement, a detached garage, and a notably generous 5,033 sqft lot that ranks well above average for both the street and the area. With 980 sqft of living space, the house itself is comfortably sized for the local context, though more compact city-wide. It was built in 1988, making it newer than many surrounding homes, which often translates to fewer immediate concerns with aging infrastructure.

The primary appeal lies in its strong positioning within the immediate community. The assessed value is in the top 16% for King Edward, suggesting it is viewed as a solid asset relative to its peers. This, combined with the large lot, offers a compelling proposition: a well-situated property with ample outdoor space and renovation potential for the future. It would suit first-time buyers seeking an entry point into a stable neighbourhood, or practical investors looking for a property with a proven value foundation and the upside of a sizable yard. A less obvious perspective is that a home from this era (1988) often strikes a balance, avoiding the high maintenance of a century home while also being potentially easier and more cost-effective to update than something older.

Section 2: Frequently Asked Questions

1. How does the assessed value compare to recent sale prices?
Based on available data, a home on this street sold in the range of $275,000-$305,000 in April 2022. The current assessed value is $324,000, which is above that historical sale price but ranks highly compared to area averages. For the exact sale price history, you can request details via email on the property page.

2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope or finishes. This is a key detail to clarify with the seller or listing agent to understand if it’s a fully developed living space, a modernized utility area, or something in between.

3. Is the large lot a typical feature here?
No, the lot is a standout feature. At over 5,000 sqft, it ranks in the top 13% on Rutland Street and the top 20% in the King Edward area, meaning it is significantly larger than many neighbouring properties.

4. What are the implications of the home being built in 1988?
This is a relative positive in a neighbourhood with many older homes. It suggests construction methods and materials (like wiring, plumbing, and insulation) are more modern, which can mean lower immediate repair costs and potentially better energy efficiency than much older stock.

5. Who are the typical buyers in this area?
The King Edward neighbourhood attracts a mix of long-term residents, young families, and first-time homebuyers. This property, with its manageable size, newer build date, and large yard, is particularly well-suited for buyers prioritizing outdoor space and a move-in-ready condition over maximum square footage.