Property Overview: 419 Rutland Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home, built in 1948, presents a practical opportunity in Winnipeg's King Edward neighbourhood. Its key appeal lies in its strong positioning within its immediate area. With 950 sqft of living space, it is squarely average for Rutland Street and King Edward, offering a comfortable footprint for a smaller household or first-time buyer. A recently renovated basement adds functional living space.
The property stands out for its above-average assessed value and land size compared to its direct neighbours, suggesting it is viewed favourably relative to nearby homes. The lot of 4,432 sqft is notably larger than many on the street, offering valuable outdoor space for gardening, play, or expansion in a mature area. It suits buyers looking for a character home in an established community who value a larger-than-standard lot and a home that compares well locally, even if its size is modest by wider city standards. It’s a property that represents a solid, grounded investment in the fabric of its specific street rather than a standout city-wide.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to others in the area?
The home’s assessed value of $300k ranks in the top 25% for the King Edward neighbourhood, indicating it is considered above average compared to its immediate peers, despite its living area being average for the area.
2. What is the significance of the lot size?
At 4,432 sqft, the lot is significantly larger than the average on Rutland Street (3,297 sqft). This is a key asset, providing more private outdoor space and potential for future landscaping, sheds, or additions where bylaws allow.
3. Is the living space sufficient for a growing family?
With 950 sqft plus a renovated basement, the home may suit a small family or couple. Buyers should consider if the one-and-a-half storey layout meets their long-term needs, as space is average for the local area but below the Winnipeg city-wide average.
4. What can the sold price history tell me?
Public data shows a sale in September 2020 in the $265k-$295k range. For the exact historical sold price, you can request it via email from the listing source to understand past market performance.
5. How does the age of the home factor in?
Built in 1948, the home is typical for its street and neighbourhood. Prospective buyers should budget for maintenance consistent with a home of this era and consider the benefits of a renovated basement against potential updates needed elsewhere.