416 Grassie Boulevard

Property Overview

This one-storey home at 416 Grassie Boulevard in Winnipeg is a compact, efficiently laid-out property. Its key appeal lies in being an affordable entry point into the market, particularly for those prioritizing location and a renovated basement over sheer square footage. With 985 sqft of living space, it is notably smaller than most homes on its own street and in the broader Grassie area, but it compares more evenly to the Winnipeg citywide average. The home was built in 1989, making it newer than many comparable properties in the city. It sits on a roughly 5,500 sqft lot, which is smaller than others on Grassie Boulevard but typical for many Winnipeg neighbourhoods. A key updated feature is the renovated basement. The property includes a detached garage.

This home would best suit first-time buyers, downsizers, or investors looking for a manageable, lower-maintenance property. Its below-average size and assessed value for the immediate area make it a practical option for budget-conscious buyers who want to live on a specific boulevard without the premium price tag of its larger neighbours. It’s a home for those who value a modernized living space and a newer build year over expansive room sizes.

Frequently Asked Questions

Is this a small house?
Yes, at 985 sqft, it is smaller than most homes on Grassie Boulevard and in the Grassie area. However, its size is much closer to the Winnipeg citywide average, making it a typically sized home for many neighbourhoods.

What does the "renovated basement" include?
The listing confirms the basement has been renovated, but the specific scope of work (e.g., finishes, legal suite potential, moisture control) is not detailed. This would be a key point to clarify with the seller or through a viewing.

How does the assessed value relate to the likely selling price?
The home's assessed value is $36,400. The most recent sold price range (Feb 2025) was $37.5k - $40.5k, indicating the market price is very close to its assessed value. This suggests a stable, predictable valuation.

Who might this property not suit?
It may not be ideal for growing families needing multiple bedrooms or ample living space, or for buyers who prioritize a large yard. The lot size is significantly smaller than the street average.

Why is the home newer than many in Winnipeg?
Built in 1989, it is newer than the citywide average benchmark year of 1966. This can be an advantage, potentially meaning newer building materials, electrical systems, and less immediate need for major updates common in older homes.