Property Overview
This one-storey home at 266 Grassie Boulevard in Winnipeg's Eaglemere neighborhood is defined by its modern age and compact efficiency. Built in 2018, it is a notably newer construction compared to most homes on its street and in the wider area. With 1,008 sqft of living space and a renovated basement, it offers modern finishes in a manageable layout. The lot size is modest, especially relative to other properties on Grassie Boulevard, which translates to lower maintenance. Its recent sale price and assessed value are positioned around the average mark for the city, suggesting a market-aligned valuation.
The appeal lies in acquiring a near-new home without the premium typically attached to new builds, ideal for those seeking modern systems and minimal immediate repairs. It suits first-time buyers, downsizers looking for a single-level layout, or investors wanting a contemporary property with proven rental appeal in a stable neighborhood. A thoughtful perspective is that the smaller lot and home size, while not spacious, offer freedom from the upkeep of larger, older properties and align with a more efficient, lower-cost lifestyle.
Frequently Asked Questions
Is this a good value for a newer home?
Based on the data, yes. While its living space is below average for the area, its 2018 build date is exceptional. You are paying primarily for a modern structure and systems, not square footage, which can mean savings on maintenance and energy costs.
What should I know about the lot size?
The land area is modest, especially compared to neighboring properties on Grassie Boulevard which have significantly larger lots. This means less yard work and lower exterior maintenance costs, but also limited space for expansion, gardening, or extensive outdoor recreation.
How does the assessed value compare to the recent sale price?
The home sold for $37.80k in early 2024, which is below its current assessed value of $41.70k. It's advisable to review recent comparable sales with an agent to understand the current market conditions this suggests.
Who would this property not suit?
It may not suit buyers seeking ample indoor space, multiple large bedrooms, or a substantial private yard. Families needing room to grow or those who prioritize expansive outdoor space might find it limiting.
What is the neighborhood context?
In Eaglemere, this home ranks in the top tier for being new but in the bottom tier for living area. This indicates a neighborhood of typically larger, but older, homes. You'd be buying into an established community while owning one of its newest assets.