Property Overview
340 Rutland Street 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 and a highly efficient, above-average living space. With 1,586 sqft of living area, the home ranks in the top 2% locally, meaning it offers significantly more interior space than most comparable homes on its street and in the wider area. This is complemented by a renovated basement, adding functional space. The property suits buyers seeking a modern home without the wait of a build, particularly those who prioritize interior square footage and contemporary finishes over a large yard, as the lot size is more compact compared to city averages.
A thoughtful perspective is that this home represents a strategic balance. It delivers the benefits of new systems, insulation, and layout in an established neighbourhood, potentially offering energy efficiency and lower immediate maintenance. It would especially suit young professionals, small families, or downsizers looking for a modern, low-maintenance property where the living space is optimized over land area. The impressive assessed value rankings suggest it is seen as a premium property within its immediate context, which could appeal to value-conscious buyers looking for a home that stands out in its local market.
Frequently Asked Questions
1. How does the lot size compare to nearby properties?
The land area is 2,524 sqft, which is around average for Rutland Street but below the average for both the King Edward neighbourhood and Winnipeg citywide. This indicates a more compact, low-maintenance yard typical of newer infill developments.
2. What does the "Elite" ranking for its living area mean?
This statistical ranking shows the home's living space is larger than 98% of comparable homes on its street and in the King Edward area. Essentially, you are getting more interior square footage than almost all similar local properties.
3. The home sold in 2023 and is now listed again. Is that a concern?
The property was originally sold new in March 2023. A resale after a short period is not uncommon for new builds and can be due to many personal circumstances. Its current assessed value remains in the top tier for the area.
4. What are the implications of such a high assessed value?
With an assessed value ranking in the top 1% for King Edward and top 7% on its street, the property is officially valued significantly higher than most peers. This can reflect its modern build, size, and condition, but it's important to note that assessed value is for taxation and not a direct market price.
5. There is no garage. Is street parking readily available?
The listing notes no garage. As with many central neighbourhoods, prospective buyers should verify on-street parking regulations, availability, and consider personal needs for daily vehicle storage.