Property Overview: 385 Jacques Avenue, Grassie, Winnipeg
Section 1: Key Characteristics & Appeal
This single-storey home on a spacious lot presents a specific and practical value proposition. Its key characteristics include a modest 1,032 sqft living area, a fully renovated basement, and a detached garage. Built in 1990, it is a newer construction compared to many Winnipeg homes. The assessed value is notably low relative to the area, which is a defining feature.
The primary appeal lies in its affordability and efficiency. It represents a lower-than-average financial entry point into the Grassie neighborhood, offering a renovated space and a good-sized yard (5,832 sqft) without a premium price tag. This is a home for living, not for status. It would suit first-time buyers seeking a functional starter home with modernized basics, downsizers looking for a manageable single-level layout without a high tax burden, or pragmatic investors attracted by the value gap between its assessed value and area averages. A less obvious perspective is that its "below average" size and assessment on its own street could signal an opportunity for the right buyer—it provides the location benefits without paying for the larger, more expensive homes that define the street's averages.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than nearby homes?
While the exact methodology is not public, the assessed value is significantly below averages for Jacques Avenue and Grassie. This typically reflects the home's more modest size and features compared to neighbors, but results in a potentially lower property tax obligation.
2. Is the house smaller than most in Winnipeg?
Yes. At 1,032 sqft, the living area is below the city-wide average. This indicates a compact, efficient layout, which is confirmed by it ranking in the top 71% city-wide—meaning a significant portion of Winnipeg homes are smaller.
3. What does the sold price history indicate?
The home last sold in July 2017 for an estimated range of $30.50k to $33.50k. This historical price is consistent with its current low assessed value and suggests a long-term trend of being a value-oriented property.
4. How does the lot size compare?
The 5,832 sqft lot is around average for both the Grassie area and Winnipeg overall. This means you get a standard, usable yard space for the city, which is a positive given the home's smaller footprint.
5. The data shows it's "below average" on its street in several categories. Is that a concern?
It's a key consideration. This home is not the largest, newest, or highest-valued on Jacques Avenue. This is the source of its affordability. Buyers should view it as a cost-effective way to access the street and neighborhood, not as a direct comparable to the larger, higher-value homes that pull the area averages up.