1638 Concordia Avenue E

Property Overview: 1638 Concordia Avenue E, Winnipeg

Section 1: Key Characteristics & Appeal

This 1986 bi-level home at 1638 Concordia Avenue E in Grassie presents a practical and affordable entry point into the Winnipeg market. Its key characteristics include 882 sqft of living space, a renovated basement, a detached garage, and a 4,341 sqft lot.

The primary appeal lies in its value proposition. The home’s assessed value is modest, positioning it well below the average for the Grassie neighbourhood and on par with the wider city average. This creates an opportunity for first-time buyers or investors seeking a lower-cost property with renovation potential or stable rental prospects. The renovated basement adds functional living space, a significant asset in a smaller home.

The property would suit buyers prioritizing lot ownership and location over square footage. While the living area is compact compared to nearby homes, the lot size is average for the immediate street, offering outdoor space. It’s a pragmatic choice for a minimalist household, a hands-on buyer comfortable with updating an older home, or an investor looking at the long-term fundamentals of a property with a very low tax assessment base.

Section 2: Frequently Asked Questions

1. Is the living space too small?
At 882 sqft, the living area is notably smaller than most homes in Grassie and on Concordia Avenue E. However, the renovated basement effectively expands the usable space. This layout suits smaller households or those who value efficient, low-maintenance living.

2. Why is the assessed value so much lower than neighbouring areas?
The assessed value of $35,400 is significantly lower than the Grassie neighbourhood average. This typically reflects the home’s smaller size, older age (1986), and the specific market valuations for similar properties on this street. It results in relatively lower property taxes, which is a key ongoing cost savings.

3. What does the sale history indicate?
The home sold in October 2017 for an estimated range of $27.5k to $30.5k. The increase to its current assessed value suggests market appreciation. For an exact historical sold price, you can request the information via email from the listing source.

4. How does the year built (1986) compare?
Built in 1986, the home is older than most on its street and in Grassie, but is actually newer than the average Winnipeg home. Buyers should consider the condition of major 40-year-old components, like the roof and windows, which may need attention or updating.

5. Are there comparable properties to consider?
The listing suggests nearby properties on Concordia Avenue E and homes with similar assessed values in other neighbourhoods like Elmhurst and Varsity View. This indicates that at this price point, buyers may be comparing different areas and home conditions, making a direct neighbourhood comparison less critical than overall value.