Property Overview
This two-storey home at 287 Rutland Street in Winnipeg’s King Edward neighbourhood presents a specific and compelling profile. Built in 2013, it is a notably modern property within an area of much older housing stock. With 1,398 sqft of living space, it offers significantly more room than most immediate neighbours, ranking in the top 6% for size within the King Edward area. The assessed value of $350k is also above average for the street and neighbourhood. A key characteristic is the property’s efficient use of a smaller, 2,518 sqft lot, which is below the area average. The basement exists but is not renovated, and there is no garage or pool.
Appeal & Ideal Buyer
The primary appeal lies in acquiring a relatively new, low-maintenance home with ample interior space in a central, established neighbourhood. It suits buyers who prioritize a modern build and interior square footage over a large yard or extensive renovation projects. It’s an ideal match for professionals, small families, or downsizers seeking a turn-key home without the character-home upkeep common in the area. A thoughtful perspective is that this property represents a “best of both worlds” scenario for some: modern comforts within a mature community, though it trades off the larger lot sizes and renovation potential of older homes on the street.
Frequently Asked Questions
1. How does the smaller lot size impact the property?
While the land area is below average for the street and city, it translates to less yard maintenance. The appeal here is the modern house itself, making it suitable for those who prefer indoor living space over extensive outdoor space.
2. What does "basement, not renovated" mean?
The basement is developed and usable (as it contributes to the total living area), but it may have basic finishes or be suited for utility and storage rather than as a polished living area. It presents an opportunity for future customization.
3. The home sold in 2020. What can that price tell me?
The sold price range from 2020 provides a historical benchmark, but market conditions have changed. It’s most useful for understanding the property’s appreciation trajectory rather than determining its current market value.
4. Why is the assessed value higher than many nearby homes?
The assessment reflects the home’s newer age (2013), larger living area, and modern construction compared to the many century-old homes in King Edward. It’s assessed more like a new build than a heritage character home.
5. What are the implications of having no garage?
Parking will be limited to driveway or street. This is a common feature in older neighbourhoods but is a practical consideration for vehicle storage, especially during Winnipeg winters. The trade-off is the home’s central location and modern amenities.