255 Rutland Street

Property Overview: 255 Rutland Street, Winnipeg

Key Characteristics & Appeal

This two-storey home, built in 2022, is a modern residence in Winnipeg's King Edward neighbourhood. Its primary appeal lies in being a nearly new construction, offering move-in readiness with a renovated basement. At 1,441 sqft of living space, it is notably larger than most homes on its street and within the King Edward area, placing it in the top tier for size locally. The home also holds an elite-level assessed value for its immediate area, suggesting a premium property relative to its surroundings.

The property suits buyers seeking a modern, low-maintenance home in an established inner-city neighbourhood without the typical concerns of an older house. It’s ideal for those who value contemporary finishes and space but don’t require a large yard, as the land area is more compact compared to city and even local averages. The detached garage adds practical storage or parking.

A less obvious perspective is its statistical standing: while the home is elite in its micro-market (Rutland Street and King Edward), it becomes more "above average" when compared city-wide. This indicates a purchase rooted in the specific desirability of this pocket, rather than broad city trends. It represents a choice for neighbourhood-centric living with modern comforts.

Frequently Asked Questions

1. Is this a completely new build?
Yes, the home was built in 2022, so it is only four years old. This means major components like the roof, furnace, and windows are under no immediate concern for replacement.

2. How does the property size compare?
The living space is generous for the area, ranking in the top 9% on Rutland Street. However, the lot is more compact, ranking in the bottom 15% locally. This trade-off provides a modern, spacious interior with less outdoor maintenance.

3. What does the "elite" assessed value mean for taxes?
An assessed value in the top 1-4% for the neighbourhood generally means you will pay proportionately higher property taxes than most neighbours, as taxes are based on this assessment.

4. The sold price history shows a range from 2022. What does that mean?
The home was last sold in January 2022. The price range shown is an estimate based on public data. To obtain the exact historical sale price, you must request it directly from the listing source.

5. Who are the most likely neighbours or comparable buyers?
Given its modern build and premium positioning for the area, it would likely appeal to young professionals, small families, or downsizers from larger homes who prioritize a newer, turn-key property in a central location over a large lot.