203 Rutledge Crescent

Property Overview: 203 Rutledge Crescent, Grassie, Winnipeg

Section 1: Key Characteristics & Appeal

This well-maintained one-storey home in Grassie offers a practical and comfortable living space. Its key features include a renovated basement, an attached garage, and a manageable 1,207 sqft layout on a standard 5,318 sqft lot. Built in 1986, the home presents a solid, no-fuss option.

The appeal lies in its balance and value positioning. While the living space is modest for the immediate area, the property’s assessed value is strong citywide, suggesting it may offer good value relative to the broader Winnipeg market. The renovated basement adds functional living space, a significant plus. It suits first-time homebuyers seeking an entry point into a stable neighbourhood, downsizers looking for a manageable single-level layout without a premium price, or value-focused investors attracted by its above-average citywide assessment and updated elements.

A less obvious perspective is its potential as a "middle-ground" property. It isn't the newest or largest on its street, but it avoids the extremes of being the most expensive or the smallest, which can provide stability. The data indicates you're paying more for the location and lot than for sheer interior volume, which is typical for established neighbourhoods.

Section 2: Frequently Asked Questions

1. How does the size of this home compare to others?
At 1,207 sqft, the living area is below the average for both Rutledge Crescent and the broader Grassie area. However, it is very close to the citywide average for Winnipeg homes. This indicates a more compact, efficient layout compared to some neighbours.

2. What does the assessed value tell me?
The home’s assessed value is around average for its street and neighbourhood but ranks in the top 29% citywide. This suggests the property holds its value well compared to the entire Winnipeg market, which can be a positive indicator for long-term equity.

3. What is the significance of the renovated basement?
A renovated basement immediately adds functional, finished living space without the need for a major project. It increases the home’s usable square footage for daily living, storage, or entertainment, which is a key advantage over homes with unfinished basements.

4. Is the year built (1986) a concern?
Built 40 years ago, the home is newer than the Winnipeg city average but older than many in Grassie. This era of construction is generally robust. The key consideration would be the age and condition of major systems (like roof, windows, HVAC) rather than the build year itself, as some may have been updated.

5. How reliable are the sold price ranges shown?
The listed price ranges are estimates based on public data. To obtain the exact historical sold price for this property, you must request it via the provided email service. This step ensures accuracy for serious buyers conducting detailed financial analysis.