Property Overview
This 1913 one-and-a-half storey home on Rutland Street presents a straightforward, entry-level opportunity in Winnipeg's King Edward neighbourhood. With 888 square feet of living space and an unfinished basement, it's a compact property on a modest 2,518 sqft lot. Its assessed value is notably below averages for the street, area, and city, reflecting its age and condition. The appeal here is fundamentally about value and potential. It suits a first-time buyer comfortable with a project, an investor looking for a rental property with a low entry point, or someone seeking an affordable foothold in a central location. Its smaller scale could also appeal to those looking to minimize upkeep and utility costs. A less obvious perspective is that its below-average lot size for the area might mean less exterior maintenance, while its older character could offer charm not found in newer builds, albeit requiring more attention.
Key Details & FAQs
What are the key characteristics?
This is a 113-year-old home with 888 sqft of living space, an unfinished basement, and no garage. It sits on a smaller lot relative to its neighbours. The data shows its assessed value and land area are below local averages, while its living space is about average for the immediate area.
Who is this property best suited for?
It's best for practical, budget-conscious buyers. This includes first-time homeowners ready for a gradual renovation, investors seeking a cost-effective rental property, or downsizers looking for a manageable, low-cost home without the burden of a large yard.
Why is the assessed value so much lower than the city average?
The assessed value reflects the home's age, smaller size, and likely the need for updates. It's consistent with older, more compact homes in established neighbourhoods compared to the city-wide average, which includes newer and larger suburban properties.
Is the smaller lot size a disadvantage?
It depends on your priorities. While it offers less private outdoor space than many homes, it also means significantly less yard work and lower maintenance costs, which can be a practical advantage.
How does this property compare to others on the street?
The home is fairly typical for Rutland Street in terms of living area but sits on a smaller parcel of land. Its assessed value is in the lower quarter for the street, indicating it may represent a more affordable option compared to others in the immediate vicinity.