Property Overview

This one-and-a-half storey home at 333 Rutland Street in Winnipeg's King Edward neighbourhood presents a solid, grounded opportunity. Built in 1950, it sits on a notably generous 5,032 sqft lot for the area, offering above-average outdoor space. The 1,328 sqft living area is spacious compared to most homes on its street and in the immediate neighbourhood. Key features include a renovated basement and a detached garage. The home's assessed value positions it as an above-average property within its local context but around the middle range for the city overall.

Section 1: Key Characteristics & Appeal

The primary appeal of this property lies in its combination of a large lot and a home with ample interior space for the area, a pairing that can be hard to find in established neighbourhoods. It stands out on its street and within King Edward for offering more room, both inside and out, than many comparable homes. The renovated basement adds functional living space and modern convenience without the need for immediate updates.

This home would suit practical buyers looking for value and space in a mature neighbourhood. It’s ideal for a small family, a couple needing a home office or hobby space, or an investor seeking a property with strong fundamentals in a stable area. A less obvious perspective is that the generous lot size not only provides room for gardening or recreation but also represents long-term value and potential, whether for future expansion, landscaping projects, or simply the luxury of extra privacy and greenery in the city.

Section 2: Frequently Asked Questions

1. How does this home compare in size and value to its neighbours?
The data shows this home is consistently above average for its immediate surroundings. Its living area and lot size rank in the top 15-20% on Rutland Street and in the King Edward neighbourhood, meaning it offers more space than most comparable properties nearby.

2. What does the sold price history indicate?
Public records show it last sold in early 2017 for an estimated range of $245,000 to $275,000. The current assessed value is $333,000. For an exact historical sold price, you can request the information directly via the listing page.

3. Is the basement renovation reflected in the assessment?
The renovated basement is a key feature and likely contributes to the home's above-average assessed value for the street and neighbourhood. It adds immediate functional living space without the need for a buyer's investment.

4. What is the significance of the lot size?
At over 5,000 sqft, the lot is a standout feature. It is significantly larger than the average lot on Rutland Street (~3,300 sqft) and in King Edward (~3,800 sqft), offering more outdoor flexibility and potential than is typical for the area.

5. The home was built in 1950. What should I consider?
While the building age is average for the street and neighbourhood, it is older than the Winnipeg city average. A prospective buyer should factor in the condition of major aging components, such as the roof, windows, and plumbing, even though the basement has been recently renovated.