Property Overview: 428 Rutland Street, Winnipeg

Key Characteristics & Appeal

This bi-level home at 428 Rutland Street in Winnipeg's King Edward neighbourhood presents a practical and modern opportunity. Built in 2016, it is a notably newer construction compared to most homes on its street and across the city, which means less immediate concern for major system replacements or updates. The living space of 918 sq ft is comfortably sized for the local area, though the land parcel is smaller than typical. This combination suggests a lower-maintenance property focused on the interior living space rather than extensive outdoor upkeep.

The primary appeal lies in its modern build within an established neighbourhood, offering a move-in-ready canvas. Its assessed value ranks above average for both Rutland Street and King Edward, indicating it is perceived as a solid asset in its immediate context. This property would suit first-time homebuyers seeking a newer home without a premium price tag, or investors looking for a modern rental property with potentially lower maintenance costs. It’s a pragmatic choice for those who value modern construction efficiencies over a larger yard.

Frequently Asked Questions

1. How does the smaller lot size impact the property?
While the land area is below average for the street and city, it translates to less yard maintenance. This can be a benefit for buyers seeking a low-maintenance lifestyle, but it may limit expansion possibilities or extensive landscaping.

2. The home sold in late 2016. What does that indicate?
The sale shortly after its construction suggests the first owner may have been the original buyer. There hasn't been a long chain of ownership or frequent turnover, which can sometimes be a positive sign of a sound property.

3. Is the basement finished?
The listing notes a basement exists but that it is "not renovated." This means the lower level is likely undeveloped, offering potential for future expansion or storage, but not contributing to the current finished living space.

4. How does the assessed value relate to market price?
The assessed value is for municipal tax purposes. While it ranks well locally, it is not a direct appraisal of market value. A current market assessment would be needed to determine today's likely selling price.

5. What is the neighbourhood character of this part of King Edward?
With homes built primarily in the mid-20th century, this 2016 build is an outlier. This can mean newer infrastructure for this specific home, but buyers should explore the immediate block to get a feel for the mix of older, established homes surrounding it.