Property Overview: 103 Williamson Crescent, Grassie, Winnipeg
This 1986 three-level split home on a quiet crescent offers a practical and affordable entry point into Winnipeg’s Grassie neighbourhood. With 1,056 sqft of living space, an attached garage, and a renovated basement, it presents a straightforward, low-maintenance footprint. Its assessed value sits notably below the averages for both its immediate street and the Grassie area, suggesting a value-oriented opportunity. The lot is a standard size for the location, and the home’s age is typical for the street but older than many in the broader neighbourhood.
Key Characteristics & Appeal
The primary appeal of this property is its position as a competitively priced, functional home in an established area. It suits first-time buyers, downsizers, or investors seeking a straightforward, renovate-as-you-go property without the premium of a newer build or a larger footprint. Its below-average assessment for the area could be attractive for property taxes, but buyers should investigate if this reflects a need for modernization. The renovated basement adds flexible living space, a significant plus for a home of this size. A thoughtful perspective is that while the home ranks below average in its immediate peer group for size and value, it is squarely average city-wide, highlighting Grassie as a generally desirable area where even a modest home holds solid market footing. It’s a “get-in-the-neighbourhood” option rather than a standout luxury property.
Frequently Asked Questions
1. Is this a good value for the Grassie area?
Based on the provided data, the home’s assessed value is below the average for both Williamson Crescent and the Grassie neighbourhood as a whole, which could indicate a relative value opportunity, though condition and updates should be verified.
2. What does the "renovated basement" include?
The listing notes a renovated basement, but the specific scope, quality, and permits for this work are not detailed. A buyer should request specifics and ensure all renovations were properly permitted.
3. How does the living space compare to nearby homes?
At 1,056 sqft, the living area is smaller than most comparable homes on its street and in the Grassie area, but is close to the city-wide average. This suggests a more compact, efficient layout.
4. What is the significance of the home being a "three-level split"?
This popular 1970s-80s layout typically features multiple short flights of stairs creating separate living zones. It offers good separation of space but may be less suitable for those seeking single-level living or with mobility concerns.
5. Why is the assessed value so much lower city-wide?
The city-wide assessed value comparison appears to contain a data discrepancy or formatting error (showing 390k vs. 40.90k). Focus should be on the consistent local comparisons, which show the home’s value is below averages for its specific street and neighbourhood.