Property Summary: 384 Rutland Street, Winnipeg

Section 1: Overview & Appeal

This is a compact, one-and-a-half storey home built in 1913, situated on a standard city lot in the King Edward neighborhood. Its key characteristic is its modest scale, with 864 sqft of living space and a renovated basement. The home’s appeal lies in its position as an affordable entry point into the Winnipeg market. It presents a clear opportunity for a first-time buyer, an investor, or someone seeking a minimalist footprint without the premium of a newer build.

While its living area is about average for its immediate street and neighborhood, it ranks below average citywide, indicating it is notably smaller than the typical Winnipeg home. This is reflected in its assessed value, which is well below city averages. The lot size is also smaller than most in the area, suggesting lower maintenance but less private outdoor space.

This property would best suit a practical buyer who values location and affordability over size. It’s a candidate for someone comfortable with the character and potential upkeep of a century-old home, or an investor looking for a rental property with a lower entry cost. A thoughtful perspective is that its below-average metrics across the board aren’t necessarily drawbacks, but rather define its niche: it offers a chance to get into the market with lower property taxes and a manageable space, ideal for a specific, budget-conscious lifestyle.

Section 2: Frequently Asked Questions

1. Is the price competitive for the area?
Yes. The assessed value is below the average for both Rutland Street and the broader King Edward neighborhood, suggesting the asking price should reflect a relatively affordable position within this market.

2. What should I know about a home from 1913?
While it features a renovated basement, the core structure is over 110 years old. Prospective buyers should prioritize a thorough inspection to understand the condition of major systems like wiring, plumbing, and the foundation, which may need updates or ongoing maintenance.

3. How does the lot size impact the property?
At 2,522 sqft, the lot is smaller than many in the area. This means less yard maintenance but also limits potential for large additions, decks, or extensive landscaping. It promotes a low-maintenance outdoor lifestyle.

4. The home is smaller than the city average. What does that mean for living here?
The 864 sqft layout requires efficient use of space. It’s well-suited for individuals, couples, or small families comfortable with a cozy layout. It may not accommodate those needing multiple dedicated rooms or significant storage without creative solutions.

5. Who would this property not suit?
It may not be ideal for buyers seeking a modern, move-in-ready home without any projects, those who need ample room for a growing family, or anyone who prioritizes a large private yard or space for extensive entertaining.