Property Overview: 234 Rutland Street
Key Characteristics & Appeal
This bi-level home at 234 Rutland Street in Winnipeg’s King Edward neighbourhood presents a practical and modernized living space. Its key appeal lies in its recent renovation, featuring an updated basement that adds functional living area to the 930 sqft footprint. The home is newer than most in its immediate area, built in 1985, which can suggest more contemporary construction standards and potentially lower immediate maintenance needs compared to the neighbourhood's many century-old homes.
The property’s assessed value ranks above average for both the street and the broader King Edward area, indicating it is viewed favorably relative to its local peers. However, its living space and lot size (3,330 sqft) are more modest when viewed city-wide, framing it as a competitively priced option within a central, established community. The detached garage is a valuable asset for storage or vehicle protection.
This home would suit first-time buyers or downsizers seeking a move-in-ready property with modern finishes in a no-fuss, character neighbourhood. It’s also a sensible fit for pragmatic investors looking for a renovated rental property in a stable area, as the updates and newer build date may reduce near-term capital expenditures.
Frequently Asked Questions
1. How does the property’s size compare to nearby homes?
At 930 sqft of living area, the home is very close to the average size for both Rutland Street and the King Edward neighbourhood, but it is notably smaller than the typical Winnipeg home. This indicates a efficient, lower-maintenance space that is in line with local norms.
2. What does the above-average assessed value for the area signify?
The assessed value is in the top 26% for King Edward. This typically reflects the property’s newer construction (1985) and renovated condition compared to many older, unrenovated homes in the area, as assessed for municipal tax purposes.
3. Is the lot size a constraint?
The 3,330 sqft lot is standard for the street and neighbourhood. It provides adequate private outdoor space for a home of this size but is not expansive. Buyers looking for large gardens or significant yard space may find it limiting.
4. What can recent sales data tell me?
The home sold in late 2022. While exact prices require a direct request, the provided range and its ranking suggest it sold at a value competitive with similar local properties. Reviewing the listed "worth viewing" and "for reference" nearby properties can help gauge the local market context.
5. Who should consider requesting the exact sold price history?
Serious buyers or investors who are finalizing their market analysis and offer strategy would benefit from this precise data. It provides a concrete benchmark, beyond assessed value, for what the market recently paid for this specific home.