Property Overview: 375 Rutland Street, Winnipeg
Key Characteristics & Appeal
This one-storey home on Rutland Street in the King Edward neighbourhood presents a practical opportunity with distinct characteristics. Its primary appeal lies in its generous 5,034 sqft lot, which is notably larger than most in the immediate area and on the street itself. This offers valuable outdoor space and future potential in a city where lot size is often a limiting factor. The house itself, with 987 sqft of living space and an unfinished basement, is functionally sized for the neighbourhood and street, sitting around the local average.
The home suits two main types of buyers. First, it’s a candidate for those seeking a value-conscious entry into a mature neighbourhood, where the land itself represents a significant portion of the asset. Second, it appeals to buyers with a vision for renovation or expansion, as the large lot provides room to grow that many nearby properties cannot offer. A less obvious point is its context: while the home’s size and assessed value are below the Winnipeg city-wide average, they are competitive within King Edward. This suggests you’re purchasing relative affordability in an established area, not an outlier. Built in 1918, the property carries the charm and considerations of its era, meaning updates will be part of its story moving forward.
Frequently Asked Questions
1. How does this property really compare in value?
Based on assessed value, this home is positioned around the average for both Rutland Street and the broader King Edward neighbourhood. Its value proposition is strengthened by its lot size, which is in the top 20% for the area.
2. What is the significance of the large lot?
The 5,034 sqft lot is a standout feature. It’s approximately 50% larger than the King Edward area average, offering more privacy, yard space, and potential for additions, gardens, or outdoor living areas than is typical.
3. What should I know about the home’s age and condition?
The house was built in 1918. The listing notes the basement is unfinished and not renovated, so prospective buyers should budget for modernizing mechanical systems, insulation, and layouts to meet contemporary standards. Its age is typical for the street but older than the city average.
4. What is the recent sales history?
Public records indicate a sale in February 2019. For the exact sale price, you can request the information directly via the provided email service on the listing page.
5. Who are the most comparable nearby properties?
The most direct comparisons are the homes immediately adjacent on Rutland Street. In terms of assessed value, similar homes can be found in neighbourhoods like Varsity View and Westdale, though lot sizes and home styles in those areas may differ.