Property Overview
This is a 784 sqft condo unit located at 8-226 Grassie Boulevard in Winnipeg's Eaglemere neighborhood. Built in 2016, it is a relatively modern property within its immediate building and street context. The assessed value is $19,400, which is modest compared to many city-wide and area benchmarks. The home last sold in July 2022 for $20,500.
Key Characteristics & Appeal
The primary appeal of this property lies in its balance of modern construction and low carrying costs. As one of the newest units on its street (ranking in the top 2%), it likely requires less immediate maintenance or updates compared to older peers. Its assessed value and recent sale price are notably below the averages for the Eaglemere area, suggesting an accessible entry point into the neighborhood. The condo format and size make it a manageable, low-maintenance living space.
This home would best suit first-time buyers or investors seeking a modern, budget-conscious property. It’s a practical choice for someone prioritizing financial efficiency and newer building systems over square footage, as the living area is compact. A thoughtful perspective is that its lower assessment, while beneficial for property taxes, may also reflect its smaller size or specific location within the building complex, which buyers should investigate.
Frequently Asked Questions
1. Why is the assessed value so much lower than the Eaglemere area average?
While the assessed value is competitive city-wide, it is low for Eaglemere. This is typically due to the property's smaller square footage (784 sqft) compared to area averages, and its specific nature as a condo unit within a larger building.
2. What does it mean that it's one of the newest on the street?
Built in 2016, this unit is significantly newer than most comparable homes on Grassie Boulevard, where the average year built is 1993. This suggests potentially fewer age-related issues and more modern building standards.
3. Who is responsible for exterior and common area maintenance?
As a condo, exterior maintenance, landscaping, and upkeep of common areas and the building structure are typically managed by a condominium corporation, funded through monthly condo fees. Specifics should be confirmed in the condo documents.
4. How has the property's value changed recently?
The property sold for $20,500 in July 2022, which is close to its current assessed value of $19,400. A previous sale in 2016 was for $24,200. Market conditions, the specific sale circumstances, and any changes to the unit should be considered when interpreting this history.
5. Are there many similar units in the building?
The listing shows several nearby properties with the same street number, indicating this is likely a multi-unit condo building or townhouse complex. This can mean a consistent community but also necessitates reviewing the condo corporation's health and rules.