Property Overview: 1630 Concordia Avenue E, Grassie, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home, built in 1986, presents a practical and straightforward living opportunity in Winnipeg's Grassie neighbourhood. With 1,092 sqft of living space and a renovated basement, it offers functional, single-level living. The property sits on a 4,341 sqft lot with a detached garage, providing essential outdoor and storage space without extensive maintenance demands.
Its primary appeal lies in its value positioning and move-in readiness. The home's assessed value and recent sale price are notably below the current averages for the Grassie area, suggesting a more accessible entry point into this community. The renovated basement adds immediate usable space, a significant advantage over homes requiring finishing work. This property would suit first-time buyers seeking a manageable starter home, practical downsizers looking for a single-level layout without a premium price tag, or value-focused investors attracted by the below-average assessment in an established neighbourhood. A less obvious perspective is its potential as a "value anchor" on the street; being one of the older and more modestly sized homes on Concordia Avenue E, it may benefit from the general appreciation of the area while offering lower property tax and utility costs relative to larger, newer neighbours.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to the area?
The home's assessed value is significantly below the current average for the broader Grassie area, positioning it as a more affordable option within this neighbourhood.
2. What is the typical home like on this street?
Comparable homes on Concordia Avenue E tend to be newer (average year built around 2002) and slightly larger in living area (averaging about 1,233 sqft). This property is among the older and more compact homes on the street.
3. Is the basement fully finished?
Yes, the basement is noted as being renovated, indicating it is a finished, usable space rather than a raw cellar.
4. What are the property taxes likely to be?
While exact taxes depend on the mill rate, they would be based on the $37,200 assessed value. This is a key factor in its overall affordability, as taxes are often lower than on homes with assessments near the Grassie average of $48,300.
5. Has the price been stable?
Public sale data shows a price increase between its 2022 and 2024 sales, consistent with broader market trends over that period. The most recent sale price range aligns closely with its current assessed value.