Property Overview: 432 Rutland Street, Winnipeg
Section 1: Key Characteristics & Appeal
This bi-level home at 432 Rutland Street presents a practical and modern opportunity in Winnipeg's King Edward neighbourhood. Its key characteristic is its relative newness, built in 2016, which places it well above average for the area and suggests modern construction standards and systems. With 906 sqft of living space, it offers a manageable footprint that is typical for the immediate street and neighbourhood, appealing to those seeking a low-maintenance layout.
The home’s primary appeal lies in its strong value proposition within its local context. Its assessed value ranks notably above average for both Rutland Street and the wider King Edward area, indicating a perceived solid investment for the location. The presence of a detached garage adds functional value. However, the land size is below average for the area, which is a trade-off for the newer build and may limit extensive outdoor projects.
This property would suit first-time homebuyers or downsizers looking for a modern, move-in-ready home without the concerns of an older property’s upkeep. It’s also a sensible fit for value-focused investors or buyers who prioritize interior condition and modern amenities over a large yard. The data suggests it’s a home that stands out on its street not for size, but for its contemporary build and efficient use of space.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to others nearby?
The assessed value is consistently above the average for both Rutland Street and the King Edward neighbourhood, though it is around the citywide average. This indicates strong relative value in its immediate locale.
2. What are the implications of the smaller land area?
The lot is below average in size for the area. This typically means less yard maintenance but may limit potential for expansions like large decks, additions, or sprawling gardens. It emphasizes the property’s focus on the dwelling itself.
3. Since it was built in 2016, are major repairs likely soon?
As a relatively new build, major structural components like the roof, furnace, and windows should have considerable life left, reducing the risk of near-term significant capital expenditures.
4. The home sold recently in 2024. What does that indicate?
The recent sale suggests a motivated seller and a current market price. Buyers should investigate why it’s back on the market so quickly, but it also means the property has been vetted very recently by another purchaser and their inspector.
5. Is the basement finished?
The listing specifies the basement exists but is "not renovated." This means it is likely an unfinished space, offering storage or future expansion potential, but not additional livable square footage in its current state.