Property Overview: 247 Rutland Street, Winnipeg
Key Characteristics & Appeal
This is a notably modern two-storey home in Winnipeg’s King Edward neighbourhood, built in 2025. Its primary appeal lies in its new construction status, offering move-in readiness with a renovated basement and modern systems free from the immediate maintenance concerns of older area homes. With 1,465 sqft of living space, it ranks in the top tier for size both on its street and within the neighbourhood, providing above-average interior space for the area.
The property suits buyers seeking a modern home in an established inner-city area without undertaking a renovation. It’s ideal for professionals or small families who prioritize low-maintenance, contemporary living in a community with older character homes. A thoughtful perspective: while the land size is smaller than area averages, this aligns with newer infill development and translates to less yard upkeep. The home’s assessed value sits in the elite tier for the neighbourhood, indicating it is perceived as a premium asset in its immediate context, likely appealing to value-conscious buyers who see strength in specific, high-performing metrics rather than just city-wide comparisons.
Frequently Asked Questions
1. Is this a brand-new build?
Yes. The home was built in 2025, making it essentially new. This is a rare find for the King Edward area, where most homes are over a century old.
2. How does the property size compare to the neighbourhood?
The living space is well above average for both Rutland Street and the broader King Edward neighbourhood. However, the lot is smaller than typical for the area, which is common for newer infill properties and means less exterior maintenance.
3. What does the "Elite" assessed value ranking mean?
The assessed value of $490k ranks in the top 1% for King Edward and top 5% on Rutland Street. This suggests the property is valued significantly higher than most comparable homes in its immediate vicinity, reflecting its new condition and size.
4. Is there parking or a garage?
The listing specifies there is no garage. Buyers should investigate on-street parking permits or the potential for a driveway, which is common for infill lots.
5. The sold price history shows a sale in early 2025 for a much lower price (e.g., ~$55k). What does this mean?
This almost certainly refers to the sale of the vacant lot or a previous structure before the new home was built. The current assessment and value reflect the completed, modern house that now exists on the property.