Property Overview
This one-storey home at 95 Ruttan Bay in Winnipeg's Crescent Park neighborhood is a practical, mid-century property built in 1953. Its key appeal lies in its updated basement and its position as a relatively affordable entry point into a well-established area. With 1,188 sqft of living space and a 5,893 sqft lot, the home is compact, particularly compared to others on its street, suggesting a lower-maintenance yard. The assessed value of $410k is positioned around the average for the local area, indicating a fairly priced home in line with market norms.
The property would suit first-time buyers or downsizers looking for a solid, no-frills home with some modern updates in a quiet neighborhood. Its smaller scale and renovated basement offer move-in readiness without the premium price tag of larger, fully renovated homes. A thoughtful perspective is that while the lot size is below average for the street, it can be seen as an advantage for those seeking less outdoor upkeep. Similarly, its older build year (1953) means it predates many homes in the wider city, which could appeal to buyers charmed by mid-century character, though it warrants a thorough inspection.
Frequently Asked Questions
Q: How does this home's size compare to others in the area?
A: The living space is below the average for Ruttan Bay itself but is around the average for the broader Crescent Park neighborhood and the city overall. It's a more compact home, which is reflected in its positioning.
Q: What is the significance of the assessed value?
A: At $410,000, the assessment is around the average for both the immediate street and the Crescent Park area. This suggests the property is priced consistently with local market values, not as a premium or deeply discounted listing.
Q: Has the home been updated?
A: The listing specifically notes the basement has been renovated. The condition of the main floor and major systems (roof, wiring, plumbing) should be verified through a viewing and inspection.
Q: Is the lot size a drawback?
A: The lot is smaller than most on Ruttan Bay and in Crescent Park. For some, this means less yard space for gardening or play. For others, it translates to less maintenance, lower landscaping costs, and a potentially more manageable property.
Q: What does the sale history indicate?
A: The home last sold in June 2019 for $40,300. This very low price, not aligned with typical market values, strongly suggests the transaction was not an arms-length sale (such as a transfer between family members). It does not provide meaningful insight into the home's current market value.