Property Overview

This one-storey home on Rutland Street in Winnipeg's King Edward neighbourhood presents a straightforward, value-oriented opportunity. Built in 1918, its key appeal lies in its efficient use of space and its position within a well-established community. With 1,113 sqft of living area, the house is notably above average in size for both its immediate street and the wider King Edward area. This suggests a comfortable layout that makes the most of its footprint. The property sits on a modest 2,517 sqft lot, which means lower maintenance but less private outdoor space—a practical trade-off.

The home’s assessed value is firmly in the average range for its local context, indicating it is priced in line with the neighbourhood's market. The unrenovated basement presents a blank canvas for future improvement. Its appeal is grounded in practicality: it’s a character home with above-average interior space for the area, without the premium price tag of a larger lot or a modern build. It would suit a first-time buyer, an investor, or a downsizer looking for a manageable, no-frills property in a central location. The buyer should be comfortable with the upkeep of an older home and see potential in its existing space rather than expecting move-in-ready modern finishes.

Frequently Asked Questions

1. How does the lot size impact this property?
The lot is smaller than most in the area. This translates to less yard maintenance, which can be a benefit, but also limits potential for expansions like a large addition or garage. Outdoor privacy may be less than on larger lots.

2. The basement is noted as "not renovated." What should I expect?
This typically means the basement is in original or functional condition, but not modernized. It likely has lower ceilings, basic finishes, and may be suited for laundry and storage rather than finished living space without investment.

3. The home sold in 2016 for a price similar to its current assessment. What does that indicate?
It suggests a stable, non-speculative value history in this neighbourhood. The assessment aligns with past market activity, pointing to a property that hasn't experienced dramatic price swings, which can be a sign of a steady, established area.

4. The living area is above average for the street, but the lot is smaller. Is that common?
It's a distinct characteristic of this specific property. It means the house itself occupies more of the lot, offering more interior space relative to neighbours but less exterior space. This efficient use of land can be appealing if indoor space is a priority.

5. Who would this property not be ideal for?
It may not suit buyers seeking a large yard for gardening or recreation, those wanting a modern, turn-key home without renovation projects, or anyone requiring ample off-street parking or a garage, as one is not present.