Property Overview: 250 Jacques Avenue, Grassie, Winnipeg
Key Characteristics & Appeal
This well-situated one-storey home at 250 Jacques Avenue presents a practical opportunity in Winnipeg's Grassie neighbourhood. Built in 2007, it is notably newer than many city-wide comparables, offering modern construction fundamentals without the premium of a brand-new build. The 1,315 sqft living space and 5,997 sqft lot are consistently "around average" for its immediate street and area, indicating it fits comfortably within the established community scale. Key features include an attached garage and a full, unrenovated basement, providing functional space and future potential.
The appeal lies in its balance and solid positioning. The assessed value of $480k is above the city-wide average, yet it ranks as around average for Grassie itself, suggesting you are paying for a desirable location within a sought-after area. It suits buyers looking for a move-in ready, low-maintenance home from this century, who value the stability of an average-sized lot and living space. It's particularly suited for those who see potential in a basement to customize later, or who simply prefer the single-level living a bungalow offers.
Frequently Asked Questions
1. How does this home’s value compare to its neighbours?
The home’s $480k assessment is very close to the average for Jacques Avenue ($510k) and the broader Grassie area. This suggests it is priced consistently within its immediate market, neither an outlier nor a standout, which can indicate fair market pricing.
2. What does "above average" for year built city-wide mean for me?
While the 2007 build date is around average for Grassie, it is significantly newer than the typical Winnipeg home (city-wide average year built is 1966). This often translates to younger major systems (like roofing, HVAC) and potentially more contemporary building materials and layouts, reducing near-term replacement costs.
3. The basement is noted as "not renovated." What should I consider?
An unrenovated basement presents both a blank canvas and a project. It offers the opportunity to finish it to your specific tastes and needs, but requires a budget and planning. It’s important to have it inspected for moisture, insulation, and foundational integrity before making renovation plans.
4. The last sold price shown is a range from late 2022. Is that relevant?
The 2022 sale provides a historical benchmark, but the market has evolved since then. The current assessed value is a more recent, official valuation for tax purposes, though market value can differ. For the most accurate, current market evaluation, consulting a local realtor and reviewing recent comparable sales is essential.
5. Who would this home not be ideal for?
This property may not suit buyers seeking a fully updated, turn-key home with a finished basement, or those wanting either a very large lot or an exceptionally modern, high-end finish. Its "around average" metrics suggest it is a solid, conventional choice rather than a unique or premium offering.