Property Overview: 1566 Concordia Avenue E, Winnipeg
Section 1: Key Characteristics & Appeal
This well-maintained, one-storey home in Grassie offers practical, modern living in a quiet Winnipeg neighbourhood. Built in 2008, its key appeal lies in its balance of recent construction and established community. The 1,359 sqft living space is efficiently sized, ranking solidly average for the area, and features a renovated basement that adds functional space. A notable strength is its above-average assessed value for the street, suggesting it is a well-regarded property in its immediate locale. The attached garage is a practical asset for prairie winters.
While the home itself is appealing, the lot size is more compact compared to many in Grassie and city-wide. This translates to lower exterior maintenance, a significant plus for buyers seeking a manageable yard. The property would suit first-time homeowners, downsizers, or pragmatic buyers looking for a turn-key home without the upkeep of an older property or a large plot of land. Its consistent value history indicates a stable, sensible investment in a neighbourhood without extreme fluctuations.
Section 2: Frequently Asked Questions
1. How does the lot size impact the property?
At 4,174 sqft, the lot is smaller than many in the broader Grassie area. This is a trade-off: it means less yard for gardening or expansive outdoor recreation, but also significantly reduces seasonal maintenance like mowing and landscaping, which can be a desirable advantage.
2. What does the "above-average assessed value for the street" indicate?
This suggests that, compared to its direct neighbours on Concordia Avenue E, this property is officially valued more highly. This often reflects the home's condition, updates (like the renovated basement), and overall desirability within its specific micro-market.
3. Is the renovated basement included in the living area square footage?
Typically, finished basement space is not included in the official main floor "Living Area" calculation (1,359 sqft). The renovation adds valuable extra living space, but it's important to clarify its specific finish and layout.
4. How stable has the home's value been?
Based on available data, the property has shown steady, moderate appreciation between its 2016 and 2020 sales, aligning with stable area trends rather than volatile swings. This points to a reliable, if not explosive, equity pattern.
5. Who are the most likely neighbours or buyers in this area?
Grassie attracts a mix of young families, long-term residents, and professionals. Given this home's manageable size and layout, it would likely appeal to those seeking a peaceful, established community with convenient access to Winnipeg's amenities without the premium of a newer subdivision.