Property Overview: 152 Orum Drive, Grassie, Winnipeg
Key Characteristics & Appeal
This 1999-built, one-storey home in Grassie offers a practical and straightforward living space of 1,217 sqft, featuring an attached garage and a renovated basement. Its primary appeal lies in its generous 7,317 sqft lot, which is notably larger than most in the immediate area, citywide, and across the Grassie neighbourhood. This presents a significant opportunity for outdoor enjoyment, gardening, or future expansion.
While the living area is modest compared to nearby homes, the property holds its value well, with an assessed value that is above average for Winnipeg overall. The home suits first-time buyers or downsizers looking for a manageable single-level layout with a move-in-ready basement. It also appeals to buyers who prioritize land size over interior square footage, seeing the lot as a long-term asset for privacy, recreation, or potential value addition.
Frequently Asked Questions
1. How does the home’s size compare to others in the area?
The living space is somewhat smaller than the average for both Orum Drive and the broader Grassie area. However, it is very close to the citywide average, making it a typically sized Winnipeg home.
2. What is the significance of the lot size?
The lot is a standout feature, ranking in the top 15-18% for size when compared to the street, neighbourhood, and entire city. This is a substantial advantage for a home of this vintage and style.
3. Is the assessed value in line with recent sale prices?
The last recorded sale (late 2023) fell within the range of $43.5k to $46.5k, which aligns closely with the current assessed value of $46.4k, suggesting stable and consistent market valuation.
4. What does the "renovated basement" typically include?
While specific finishes are not listed, a renovated basement in a home of this age generally indicates a finished, livable space that could serve as a family room, home office, or additional bedrooms. Verification of permits and the scope of work is recommended.
5. Who would this property suit best?
It is an ideal fit for those seeking a low-maintenance, single-level home with a large yard. It’s particularly well-suited for buyers who value outdoor space for pets, children, or hobbies, and who may consider the lot itself as a key component of the property’s future value.