Property Overview
This 917 sqft condo at 2-226 Grassie Boulevard in Winnipeg's Eaglemere neighbourhood presents a specific and practical value proposition. Its key appeal lies in its modern build year (2016), making it one of the newest units on its street and requiring less immediate maintenance than older stock. While the living space is modest and squarely average for the city, the property stands out for its above-average assessed value relative to its immediate street, suggesting a perceived quality or desirability within the building itself. The data paints a picture of a well-maintained, contemporary unit in a building that holds its value well locally, situated among similar units in a quiet, established complex.
This home would suit a first-time buyer or downsizer seeking a low-maintenance, modern living space without the premium often attached to brand-new construction. It’s also a practical choice for an investor looking for a relatively new property with stable, established value in a mature condo community. A thoughtful perspective is that while it may not be the largest or flashiest unit city-wide, its strength is in being a reliable, newer asset within its specific micro-market of Grassie Boulevard.
Frequently Asked Questions
1. Is this a good value compared to other units in the building?
The data suggests it is. The unit's assessed value is in the top 22% on Grassie Boulevard itself, ranking 13th out of 58 comparable homes, indicating it is valued higher than most of its direct neighbours.
2. How does the size compare to other Winnipeg condos?
At 917 sqft, the living area is very close to the Winnipeg condo average (1,042 sqft), placing it in the top 58% city-wide. It offers a fairly standard footprint for a two-bedroom condo.
3. What does the "Elite" ranking for Year Built mean?
This means that, compared only to other homes on Grassie Boulevard, this 2016-built unit is the newest or among the very newest. The comparable average build year on the street is 1993, making this a significantly more modern property in that specific context.
4. Why is the assessed value "below average" for Eaglemere?
This is an important distinction. While the value is strong on its own street, it falls below the average for the wider Eaglemere area. This likely reflects that Eaglemere contains a mix of property types and newer subdivisions where average values are higher, whereas this specific condo complex represents a more affordable segment of the neighbourhood.
5. What can the 2016 sale price tell me?
The unit sold for $260,000 in 2016. This historical price is most useful for understanding the original purchase price and gauging general appreciation over time when compared to its current assessed value and any future asking price.