Property Overview: 114 Williamson Crescent, Grassie, Winnipeg
This 1986 four-level split offers a renovated basement and attached garage on a standard residential lot in the Grassie neighbourhood. Its key appeal lies in the balance of above-average interior space for its area, coupled with a below-average assessed value, suggesting potential value relative to its immediate surroundings. The home presents a practical, no-frills opportunity.
Key Characteristics & Suitability
The home's primary characteristic is its generous 1,603 sqft of living area, which ranks well above average for its street and the city overall. This is paired with a notably low assessed value compared to neighbouring homes on Williamson Crescent and in Grassie. This combination indicates you may get more interior space for your dollar here than in many comparable local listings. The renovated basement adds modern livability.
Its appeal is grounded in practicality and value-seeking. It suits first-time buyers or downsizers looking for ample room without a premium price tag in a established neighbourhood. It would also attract investors or handy buyers who see potential in the value discrepancy, believing the property's market price could rise to meet its functional space offering. A less obvious perspective is that a home with a lower assessment but good living space can sometimes offer a degree of property tax advantage relative to its usability.
Frequently Asked Questions
1. Why is the assessed value so much lower than neighbouring homes?
While the exact municipal assessment formula isn't public, it is consistently below average for the immediate area. This can be due to a variety of factors, including specific market conditions at the time of assessment, the home's specific attributes, or the nature of recent sales used as comparables.
2. What does the "four-level split" layout typically mean?
This popular Winnipeg design often features multiple short flights of stairs creating four distinct half-levels. It provides good separation of living and sleeping areas, but may not be ideal for those seeking single-level living or who have significant mobility concerns.
3. How current is the basement renovation?
The listing confirms the basement is renovated, but does not specify the year or extent. This is a key detail to verify with the seller or agent to understand the quality and condition of the updates.
4. Is the sold price history shown the exact price?
No. The sold price ranges provided are estimates based on public data. You must request the exact sale price history via email from the site; they provide this verified information manually at no cost.
5. How does the lot size compare for the area?
At just over 5,000 sqft, the land area is fairly typical for Williamson Crescent and is around the citywide average. It offers standard outdoor space for a home of this era and type, but is not an exceptionally large lot.