Property Overview: 436 Rutland Street, Winnipeg
Key Characteristics & Appeal
This bi-level home at 436 Rutland Street in the King Edward neighbourhood presents a practical and modern opportunity. Built in 2017, it is a notably newer construction compared to most homes on its street and across Winnipeg, offering move-in readiness with less immediate concern for major system updates or renovations. With 906 sqft of living space and an unrenovated basement, it provides essential space with potential for future customization.
The primary appeal lies in its balance of a modern building on a modest, low-maintenance lot. While the land area is smaller than average, this translates to less yard work and a focused, efficient footprint. The home’s assessed value ranks above average for its immediate area, suggesting it is a solid performer within the local market context. It suits first-time homebuyers seeking a newer, worry-free property, or investors looking for a modern rental with likely lower maintenance costs. Its size and lot also make it a candidate for those wanting to minimize upkeep and utility expenses without sacrificing the benefits of a recent build.
Frequently Asked Questions
1. Is the low assessed value a concern?
No, it reflects the local market norms in King Edward. The home’s value actually ranks above average compared to its direct neighbours and area, indicating it is a relatively strong asset within this specific, more affordable market segment.
2. What does "basement not renovated" mean?
It indicates the lower level is unfinished or in a basic state. This is common in newer bi-levels and can be seen as a blank canvas, allowing a buyer to finish it to their own taste and needs, potentially adding significant value.
3. How does the smaller lot size impact living here?
The smaller lot (2,519 sqft) means less outdoor maintenance, which can be a benefit for busy individuals or those not wanting extensive gardening. It may limit expansion possibilities, but aligns with a low-maintenance lifestyle.
4. The home sold in 2017. Why is there only one sale on record?
As it was built and first sold in 2017, it has only had one ownership cycle. This is typical for newer constructions and can indicate a stable period of ownership.
5. How energy-efficient or costly are utilities likely to be?
Being built in 2017, the home likely meets modern building codes for insulation and windows, which should contribute to better energy efficiency and potentially lower heating and cooling costs compared to much older homes in the area.