338 Rutland Street

Property Summary: 338 Rutland Street, Winnipeg

Section 1: Key Characteristics & Appeal

This is a modern, two-storey home built in 2023, offering a move-in-ready opportunity in Winnipeg's King Edward neighbourhood. Its primary appeal lies in its combination of new construction, above-average living space, and a highly desirable assessed value.

The 1,586 sqft living area is notably spacious, ranking in the top 2% of homes both on its street and within the wider King Edward area. It features a renovated basement, adding to its functional space. While the land size is more modest compared to city-wide averages, this translates to lower maintenance and aligns with the efficient use of space typical of newer infill developments. The home has no garage or pool.

Its standout characteristic is its assessed value of $51.40k, which places it in the top 1% of properties locally. This suggests a highly favourable property tax assessment relative to the home's size, age, and condition—a significant long-term financial advantage.

This property would best suit buyers seeking a modern, low-maintenance home without the wait or uncertainties of a new build. It’s ideal for professionals, small families, or downsizers who prioritize contemporary finishes, energy efficiency, and a strong value proposition over a large yard. The data indicates it offers a rare blend of new-home amenities and an elite-level assessment in an established neighbourhood.

Section 2: Frequently Asked Questions

1. What does the "Elite" assessed value ranking actually mean?
It means this home's government-assessed value for tax purposes is among the very highest (top 1%) in its immediate area and neighbourhood. This often correlates with newer construction and premium finishes, but crucially, it can indicate a more advantageous ratio of taxes to property value compared to many neighbours.

2. The land size is noted as "below average" city-wide. Is that a concern?
This is typical for newer infill homes in established central neighbourhoods. The lot is efficiently used to maximize living space. For buyers who prefer less yard work and a more compact, manageable exterior, this is a feature rather than a drawback.

3. The home sold recently in 2023. Why would it be back on the market?
While the specific reason isn't provided, the short ownership period is not uncommon for new constructions. Reasons can include a change in the original owner's circumstances, an investor exiting the market, or the completion of initial upgrades. A professional inspection is always recommended to confirm the home's condition.

4. There's no garage. Is street parking readily available?
The listing does not specify dedicated parking. Prospective buyers should investigate Rutland Street's parking regulations directly, as availability can vary in older neighbourhoods. This is a key point for those with multiple vehicles.

5. How does the living area compare to typical older homes in Winnipeg?
At 1,586 sqft, it is significantly larger than the average home in King Edward (~952 sqft) and above the city-wide average (~1,342 sqft). This means you get more modern, functional interior space than many older, larger-footprint homes, which may have less efficient layouts.