Property Overview: 1611 Concordia Avenue E, Winnipeg
Key Characteristics & Appeal
This 1986 bi-level home at 1611 Concordia Avenue E in Grassie presents a practical and affordable entry point into the Winnipeg market. Its key characteristic is its compact efficiency, with 864 sqft of living space and a recently renovated basement, offering functional living on a manageable 4,166 sqft lot. The home’s appeal lies in its financial accessibility, evidenced by a relatively low assessed value and recent sale price, making it one of the more budget-friendly options in its immediate area. It suits first-time buyers, investors, or downsizers seeking a low-maintenance footprint without a major renovation project. A thoughtful perspective is that while its size is below average for the neighbourhood, this can translate to lower utility costs and less upkeep, aligning with a simpler, more cost-conscious lifestyle. The detached garage adds practical storage or workshop space.
Frequently Asked Questions
1. How does this home’s size compare to others?
This home is compact, with living area significantly below the average for both Concordia Avenue E and the broader Grassie neighbourhood. This is reflected in its pricing and positions it as a more affordable option.
2. What does the assessed value indicate?
The assessed value is below average for the street and neighbourhood, but near the median city-wide. This suggests the property is priced accessibly within its local market context.
3. Has the property value increased?
Based on available sale data, the property sold for between $38.5k-$41.5k in late 2023, which is higher than its earlier sale in the $29.5k-$32.5k range in 2016, indicating appreciation over that seven-year period.
4. What is the condition of the home?
The listing notes the basement has been renovated, which is a positive update. As a home built in 1986, prospective buyers should consider a standard inspection to review the condition of major systems and the roof.
5. What are the comparative reference properties?
The listing references nearby homes with similar build years but larger square footage and higher assessed values (e.g., 10 Mclellan Dr., 2 Evelyn Shannon Pl.), highlighting how this property offers a smaller, more affordable alternative in the same area.