Property Overview
This 1986 bi-level home at 263 Rutledge Crescent in Winnipeg's Grassie neighbourhood presents a practical and updated living space. Its key appeal lies in being a well-maintained, move-in-ready property that offers solid value within a mature community.
Section 1: Key Characteristics & Appeal
This home’s primary characteristic is its balance. At 1,220 sqft with a renovated basement, it provides functional space without the upkeep of a larger property. The attached garage and a near-5,000 sqft lot offer suburban convenience. Its assessed value of $450k positions it as a premium property city-wide but aligns with averages locally, suggesting you're paying for the specific location and condition rather than sheer size.
The appeal is grounded in its readiness and positioning. The renovated basement adds immediate livable space, appealing to those who want to avoid major projects. It suits first-time buyers looking for a stable starter home in an established area, or downsizers seeking single-level living potential (with primary amenities likely on one floor) and minimal yard maintenance. A thoughtful perspective is that while the living area is modest for the street, this can translate to lower utility costs and less space to furnish and maintain, a hidden benefit for budget-conscious owners.
Section 2: Frequently Asked Questions
1. How does the home’s size compare to the area?
The living space is somewhat below average for both Rutledge Crescent and the broader Grassie area, but is very close to the Winnipeg city-wide average. This indicates a more compact, efficient layout compared to some neighbours.
2. Is the assessed value reasonable for the property?
The $450k assessment is above the Winnipeg average but typical for Grassie and Rutledge Crescent. This suggests the value is driven strongly by the desirable location and the home's updated condition (like the renovated basement), rather than square footage alone.
3. What does the sale history indicate?
The property sold in May 2022 for approximately $49.50k - $52.50k (note: this appears to be a data discrepancy; typical sale prices in the area are significantly higher). For an accurate sale price, you must request the exact history via the provided email service.
4. What are the less obvious considerations?
Built in 1986, the home is newer than the city median but older than many in Grassie. Buyers should focus on the condition of major 40-year-old components, like the roof and windows, which may be due for inspection or replacement, even with a renovated interior.
5. Who might this property not suit?
It may not be ideal for buyers seeking a large lot, as the lot size is below average for the street, or for those needing extensive square footage, as the living area is compact. It best fits those who value efficient, updated space over maximum size.