Property Overview: 1390 Concordia Avenue E, Grassie, Winnipeg
Key Characteristics & Appeal
This two-storey home, built in 2014, stands out in its immediate area for its modern age. Its construction date places it in the top 4% of homes on Concordia Avenue E and in the broader Grassie neighbourhood, offering a significant advantage in terms of newer systems, building standards, and less immediate need for major updates. With 1,364 sqft of living space, it provides above-average room for the street and is comfortably sized for a small family or couple. The property includes a detached garage and a full, unrenovated basement presenting a blank canvas for future development.
The appeal lies in this balance of relative newness and established community. While the lot size is more compact compared to many in Grassie, this can translate to lower maintenance. The home’s assessed value is notably below the neighbourhood average, which may indicate a different value proposition compared to larger-lot properties. This profile suits practical buyers looking for a modern home in a mature area without the upkeep of an older house or a vast yard. It’s particularly well-matched for first-time buyers or downsizers who prioritize a move-in-ready, newer build with the potential to customize the basement over time.
Frequently Asked Questions
1. How does the lot size compare to typical properties in Winnipeg?
The land area of approximately 4,462 sqft is around the city-wide average. However, within the Grassie neighbourhood specifically, it is below average, as many homes in the area sit on larger lots.
2. What does the "below average" assessed value for Grassie indicate?
The assessment is below the neighbourhood average, which often reflects specific property characteristics—in this case, likely the more compact lot size. It doesn’t necessarily reflect the home’s condition, which is supported by its newer build year, but may influence property taxes relative to neighbours.
3. Is the basement finished?
No, the basement is noted as being unrenovated. This presents both a cost-saving opportunity at purchase and future potential to add value and living space according to a new owner’s needs.
4. How recent are the comparable sales figures provided?
The last recorded sale for this property was in August 2019. For the most current market analysis and exact historical sold prices, it is recommended to contact the listing source directly.
5. What are the advantages of a home built in 2014 in this area?
A 2014 build offers modern construction materials, energy efficiency standards, and updated electrical and plumbing systems. In neighbourhoods where many homes are decades older, this can mean fewer immediate repair concerns and potentially lower maintenance costs in the short to medium term.