Here is a clean, standalone summary of the property, structured as requested.

Property Overview

Key Characteristics & Appeal

This is a brand-new home (built in 2025) on Rutland Street in Winnipeg’s King Edward area. It offers 1,572 square feet of living space on a lot that is below average in size (2,519 sq ft). The property ranks in the top 1% citywide for construction year and sits in the top 20% for assessed value, which is currently listed at $496,000.

Its appeal lies in the combination of a modern build with strong relative value. While the land is smaller than typical for the neighbourhood, the home itself is significantly larger than the area average of 952 sq ft. This suggests the priority was interior space and new construction over yard size. The assessed value is notably higher than the King Edward average ($258.2k), reflecting either premium finishes or the efficiency of a newer home.

This property would suit buyers who prioritize a move-in-ready, low-maintenance home with modern systems and energy standards. It’s less suited for someone wanting a large lot for gardening, expansion, or a big yard for children or pets, given the land ranks in the bottom 5% citywide. It may appeal to professionals, smaller families, or downsizers who value a clean, efficient, updated interior over outdoor space.

Frequently Asked Questions

1. Why is the lot size listed as "below average" while the house ranks so high?
Newer infill homes often prioritize maximizing floor area on smaller infill lots. Here, the builder chose to use the lot efficiently—1,572 sq ft of house on 2,519 sq ft of land. The rankings reflect that you’re getting a modern, spacious interior, but with a compact yard compared to older homes in the area.

2. Is the assessed value of $496,000 the asking price or an estimate?
The $496,000 figure is the municipal assessed value, not the list price. Assessments are done for tax purposes and may not match the current market price. You would need to check the listing for the actual asking price, though a $496k assessment often signals a property in a higher-value bracket for the area.

3. How does this property compare to other homes on Rutland Street?
It ranks #6 out of 183 homes on the street for living area, and #6 for assessed value. That places it firmly in the top 3% of the street—meaning it’s one of the largest and most valuable homes on this block, despite the smaller lot.

4. What does “top 1% citywide for year built” mean practically?
Very few homes in Winnipeg were built in 2025 relative to older housing stock. This means the home likely has current building codes, modern insulation, high-efficiency windows and mechanicals, and little to no deferred maintenance. You get a near-zero risk of immediate repairs like roof replacement or foundation issues.

5. Does the small lot affect resale value?
It can. In a market that prizes large yards, a smaller lot may limit future price growth. However, the new construction and large interior square footage often offset this, especially for buyers who don’t want outdoor upkeep. The property’s strong current rankings suggest the trade-off is working well so far.