Property Overview: 410 Rutland Street, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1918, offering a renovated basement and 816 square feet of living space. Its key appeal lies in its position as a solid, average-priced entry point within the established King Edward neighbourhood. While the house itself is modest in size compared to the city-wide average, it sits on a manageable 2,521 sqft lot and holds an assessed value that is very typical for its immediate area. This suggests a property that is financially in-step with its local market, not over-improved or overvalued relative to its peers.
The home would suit first-time buyers, downsizers, or practical investors looking for a lower-barrier entry into homeownership in a central Winnipeg community. Its renovated basement adds functional living space, which is a significant asset in a smaller home. A thoughtful perspective for a buyer is to see value in the home's "neighbourhood-average" metrics; it represents a stable, known quantity without the premium or the steep challenges sometimes found with more outlier properties. The 2019 sale price range indicates a history of being an affordable option.
Frequently Asked Questions
1. How does the home's size compare to others?
At 816 sqft, the living area is close to the average for both Rutland Street and the broader King Edward neighbourhood. However, it is notably smaller than the typical Winnipeg home, which averages around 1,342 sqft.
2. What does the assessed value tell me?
The assessed value of $22,200 is around the average for the street and neighbourhood, indicating the property is priced consistently with local norms. It is significantly below the city-wide average assessed value, reflecting the home's more modest size and the area's market.
3. Is the lot size a limitation?
The lot is under 2,600 sqft, which is below average for the street, neighbourhood, and city. This means less yard space but could also translate to lower maintenance costs and less time spent on outdoor upkeep.
4. What is the significance of the home's age?
Built in 1918, the home is older than most in Winnipeg. While it has a renovated basement, its age suggests potential buyers should pay close attention to the condition of major original systems (like plumbing and wiring) and the structure itself during inspections.
5. Can I find out the exact historical sale prices?
The listing service provides an estimated sale price range from June 2019 ($175k-$205k). To obtain the exact sale price, you must request it directly via email from the listing portal, as this data is not publicly displayed in detail.