Property Overview: 136 Orum Drive, Grassie, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in Grassie presents a compelling blend of space, value, and location. Its key characteristic is a generous 7,178 sqft lot, which is notably larger than most properties on its street and in the wider area, offering ample outdoor space for gardening, recreation, or future expansion. The home itself, built in 1998, is of a modern vintage compared to the Winnipeg city-wide average, and features a renovated basement and an attached garage.
The primary appeal lies in its standout value proposition. The home’s assessed value places it in an elite tier on Orum Drive (top 4%) and above average city-wide, suggesting strong intrinsic value relative to its peers, despite the living area being modest for the immediate neighbourhood. This creates an interesting dynamic: you’re acquiring a larger-than-average property with a high assessment footprint in a mature, established area. It would suit practical buyers looking for a solid bungalow layout with a move-in-ready basement, first-time homeowners seeking a property with a strong value foundation, or anyone prioritizing generous outdoor space over a larger interior footprint. It’s a property that offers room to grow outside, rather than inside.
Section 2: Frequently Asked Questions
1. Is the living area smaller than other homes on the street?
Yes. At 1,195 sqft, the living area is below the average for comparable homes on Orum Drive. The trade-off is a significantly larger lot and a high assessed value ranking on the street.
2. What does the "elite" assessed value ranking on the street mean?
It means that of 71 comparable homes on Orum Drive, only 2 have a higher assessed value than this property. This often reflects factors like lot size, improvements (like the renovated basement), and overall property condition, indicating it is considered a high-value asset in its immediate context.
3. How current is the sold price data shown?
The last recorded sale was in March 2020. The price range shown is an estimate based on public data. For the exact historical sold price, you can request it via email from the listing source.
4. What are the implications of having a larger lot?
Beyond more private outdoor space, a larger lot can offer greater potential for additions like a shed, deck, or even a future home expansion. It may also contribute to the property’s higher assessed value and can be a long-term asset in a neighbourhood.
5. The home was built in 1998. What should I consider?
A 1998 build is relatively modern for Winnipeg, likely meaning newer construction standards, wiring, and plumbing than the city-wide average. However, as a home approaching 30 years, a thorough inspection of major systems like the roof, HVAC, and windows is still recommended as part of due diligence.