Property Overview: 317 Rutland Street, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home, built in 2020, offers modern living in Winnipeg's King Edward neighbourhood. Its primary appeal lies in its new construction, providing a move-in-ready property with contemporary building standards and minimal immediate maintenance. With 1,332 sqft of living space, it is notably larger than most homes on its street and within the local area, offering above-average roominess.
The home suits first-time buyers or downsizers seeking a modern, low-maintenance property without the need for renovations. It also appeals to value-conscious buyers who prioritize a newer building envelope and systems over a larger lot size. A thoughtful perspective is that this property represents a trade-off: you gain a modern, efficient home but on a land area that is smaller than most in the city. This makes it ideal for those who prefer spending time in their home rather than on extensive yard upkeep.
Section 2: Frequently Asked Questions
1. What are the property taxes?
Based on its assessed value of $37,100, the annual property taxes would be calculated at the City of Winnipeg's current mill rate. You can estimate this by multiplying the assessed value by the residential mill rate (approximately 0.013 for 2024), resulting in roughly $482 annually, though this should be verified with the city.
2. Why is the assessed value significantly different from typical sale prices?
Winnipeg's property assessments are not market valuations. They are a formula-based value used for tax purposes and are typically much lower than actual market sale prices. The sale history for this home shows a price range between $305,000 and $335,000 in late 2020.
3. What does "basement yes, not renovated" mean?
It indicates the home has a basement, but it is unfinished. This provides flexible storage space or future expansion potential, but it is not a developed living area.
4. How does the smaller lot size impact living here?
The land area of 2,517 sqft is below average for the neighbourhood and city. This means a smaller backyard, which reduces outdoor maintenance but also limits private outdoor space for gardening or recreation. It emphasizes the home's orientation as an efficient, interior-focused living space.
5. What is the neighbourhood like?
King Edward is an established, central neighbourhood. The presence of many older homes (with average build years around 1946-1948 on this street) means the streetscape is mixed, with this 2020 build being a notable exception. It offers proximity to downtown and likely a community with a blend of long-time residents and newer arrivals.