Property Overview: 244 Rutland Street
Key Characteristics & Appeal
This bi-level home at 244 Rutland Street in Winnipeg’s King Edward neighbourhood presents a compelling mix of modern convenience and established community. Its standout feature is its age: built in 2023, it is a rarity, ranking in the top 1-3% of homes for newness both locally and city-wide. This translates to move-in readiness, modern building standards, and minimal immediate maintenance.
The home offers 972 sqft of living space, which is typical for the immediate area but more compact compared to the Winnipeg average. Its recently renovated basement adds functional space. The lot size is modest, which means less yard upkeep—a practical consideration for many.
Its appeal lies in this balance. It suits first-time buyers or downsizers seeking a modern, low-maintenance home without sacrificing location in a mature neighbourhood. The assessed value is notably strong for King Edward, suggesting the property is viewed favorably within its specific market context. It’s a home for those who prioritize modern interiors and systems over square footage or expansive outdoor space.
Frequently Asked Questions
1. How does the property’s value compare to the area?
The home’s assessed value is significantly above the average for both Rutland Street and the broader King Edward neighbourhood, placing it in the top 6-11%. This indicates it is considered a higher-value property in this specific locale, likely due to its new construction.
2. What are the trade-offs for having such a new home in an older neighbourhood?
The major benefit is modern construction and efficiency. A thoughtful consideration is that the lot size is below average for the area, offering a smaller private outdoor space than many neighbouring properties.
3. Is the living space sufficient for a small family?
At 972 sqft, the living area is on par with similar homes on the street. The renovated basement provides crucial additional space, making it functional for a small household, but it is more compact than the typical Winnipeg home.
4. What does the sale history indicate?
The home sold in early 2025 for a price range consistent with its current high assessment. A previous sale in 2017 was at a dramatically lower price, which strongly suggests the 2023 construction occurred on an existing lot, essentially replacing an older structure.
5. Who would this property not suit?
Buyers looking for a large lot, extensive yard space, or a home significantly larger than the neighbourhood norm may find it limiting. It’s best suited for those who value modern finishes and systems over sheer square footage.