Property Overview
This 1918 one-storey home at 268 Rutland Street presents a practical opportunity in Winnipeg's King Edward neighbourhood. Its key appeal lies in a balanced offering: a renovated basement adds modern living space to the 836 sqft main floor, while the 4,037 sqft lot is notably larger than many in the immediate area. The detached garage is a valuable asset for storage or parking.
The home suits first-time buyers or downsizers looking for a manageable, single-level layout with recent updates in a central location. Its assessed value positions it as an accessible entry point into the market. A thoughtful perspective is that while the living space is modest city-wide, it is competitively sized for the street and neighbourhood, suggesting a fair value within its local context. The lot size offers potential for outdoor space or future expansion, which is a relative rarity for homes of this vintage in the area.
Frequently Asked Questions
How does the home’s size compare to others nearby?
At 836 sqft, the living area is very close to the average for both Rutland Street and the broader King Edward neighbourhood. It provides a comfortable footprint for the area, though it is below the city-wide average.
What is the significance of the lot size?
The land area of just over 4,000 sqft is a standout feature. It ranks in the top 25% on its own street, meaning the property offers more outdoor space than most direct neighbours, which can provide more privacy and room for gardening or recreation.
The home was built in 1918. What should I consider?
While the renovated basement indicates some modernization, a home from 1918 will likely have character but may also require attention to older components like original windows, plumbing, or electrical systems. A thorough inspection is advised.
How do the past sold prices help determine value?
The home sold previously in 2016 and 2019. The price ranges from those sales, combined with its current assessed value, show a historically stable and affordable price point for the area. This can provide a benchmark for market trends on this street.
What is the neighbourhood like for daily living?
King Edward is a mature, central neighbourhood. Rutland Street itself shows a mix of well-kept and older homes, reflecting its historic roots. Its central location typically offers good access to city amenities, but prospective buyers should explore the specific block and surrounding streets to gauge noise levels and overall upkeep.