Property Overview & Key Characteristics
This is a compact, one-storey home built in 1913, situated on a standard city lot in Winnipeg's King Edward neighbourhood. At 760 square feet of living space, the house is notably smaller than most comparable homes in the area, city, and even on its own street. It features a basement that is present but not renovated, and there is no garage or pool. The home's assessed value is significantly below city-wide averages, reflecting its modest size and condition.
Its primary appeal lies in its position as an accessible entry point into the Winnipeg market. It represents a straightforward, lower-cost property ideal for a first-time buyer comfortable with a renovation project, an investor looking for a rental opportunity with a low entry cost, or someone seeking minimal living space and property taxes. A less obvious perspective is that its smaller footprint and lot size (2,569 sq ft) translate to lower maintenance demands and utility costs, which can be a significant long-term advantage. The data suggests that while the house itself is below average in many metrics for the city, it sits on a lot that is relatively average for its immediate street, hinting at potential value rooted in the land itself.
This property would best suit a practical, budget-conscious buyer who views a home as a functional starting point rather than a finished product. It is not suited for those requiring modern finishes, ample space, or who are unwilling to take on incremental improvement projects.
Frequently Asked Questions
1. What is the actual sold price history?
The public records show a sale in June 2016 in the range of $13.5k to $16.5k. For precise, verified sale figures, you can request the exact history via email from the listing source.
2. What does "below average" for size and value really mean for a buyer?
While the home is smaller and valued lower than most, this directly correlates with a more affordable purchase price and ongoing property taxes. It positions the property as a calculated trade-off: you accept less finished space for a lower financial barrier to entry.
3. Is the basement usable?
The listing confirms a basement exists but specifies it is "not renovated." Buyers should anticipate it being in a rough, unfinished state suitable only for basic storage or mechanicals, with significant work required to create livable space.
4. What are the implications of the home's age (1913)?
A home of this age requires a diligent inspection. Potential concerns could include outdated wiring, plumbing, insulation, and the need for foundational upkeep. However, it may also possess character and construction materials not found in newer builds.
5. How does the lot size compare, and why does it matter?
At just over 2,500 square feet, the lot is around average for Rutland Street but below average for the wider area. This means outdoor space is limited but manageable, and the property may feel closely situated to neighbours. For some, this is a drawback; for others, it means less yard work.