Property Overview
This 2007-built bi-level home at 387 Grassie Boulevard offers a practical, low-maintenance living option in Winnipeg. With 913 square feet of living space and a renovated basement, it presents a compact and efficient layout. The home sits on a modest, city-average lot and includes a detached garage. Its assessed value is notably below average for the immediate Grassie neighbourhood, yet it ranks around average when compared to the wider city, suggesting a value proposition within its local context. The home’s modern build year is a standout feature, being newer than most homes on its street and across Winnipeg.
Key Characteristics & Appeal
The primary appeal of this property lies in its balance of modernity and affordability. As a younger home in a mature area, it likely offers updated building systems and materials without the premium of a brand-new construction. Its below-average size and lot make it a candidate for buyers seeking lower utility costs, less upkeep, and a simpler footprint. The renovated basement adds valuable functional space.
This home would suit first-time buyers, downsizers, or investors looking for a modern, entry-level property with a solid foundation. It’s less suited for those needing ample indoor or outdoor space. A thoughtful perspective is that its "below-average" metrics for the neighbourhood could represent an opportunity to get into a newer build at an accessible price point, trading sheer space for modern efficiency.
Frequently Asked Questions
1. Is the living space too small?
At 913 sqft, the living area is below average for both the street and neighbourhood. It’s a compact home best suited for individuals, couples, or small families who prioritize efficient living over spaciousness.
2. Why is the assessed value so much lower than neighbouring homes?
The assessed value of $37,700 is below the Grassie neighbourhood average. This typically reflects the home’s smaller size and lot dimensions compared to others in the area, not necessarily its condition, especially given its modern build year and renovations.
3. What are the benefits of a 2007 build year?
A home built in 2007 benefits from contemporary construction standards, materials, and building codes. This can translate to better energy efficiency, updated electrical and plumbing systems, and potentially fewer major maintenance concerns in the near term compared to much older homes.
4. What does "renovated basement" include?
The listing notes a renovated basement but does not specify the scope. Interested buyers should inquire about the finishes, permits, and whether it includes added bedrooms, a legal suite, or simply finished living space.
5. How does the detached garage impact the property?
A detached garage offers useful storage or parking but may be less convenient during Winnipeg winters compared to an attached garage. Its condition and size should be verified, as it represents additional maintenance separate from the house.