Property Overview
This one-storey home at 420 Grassie Boulevard in Winnipeg is a practical and compact property. Built in 1989, it features 1,086 sqft of living space and a renovated basement, sitting on a 5,536 sqft lot. It has no garage or pool. The home presents a straightforward, low-maintenance layout.
Key Characteristics & Appeal
The primary appeal of this home lies in its efficiency and recent updates. The renovated basement adds valuable finished space, making the total usable area more flexible than the main floor square footage suggests. Its one-storey design is ideal for those seeking accessibility or who prefer to avoid stairs.
Statistically, the property occupies an interesting position. Its assessed value is modest compared to many homes on its own boulevard and in the broader Grassie area, which could indicate a lower property tax burden or an entry point into the neighbourhood. However, its lot size is significantly smaller than others on Grassie Boulevard, though it is more in line with typical city lots. This suggests a more manageable yard with less upkeep.
This home would best suit first-time buyers, downsizers, or practical investors looking for a turnkey, single-level living space without premium extras. It’s for someone who values a recent renovation over sheer size, and who sees the below-average assessment for the immediate area as a feature, not a drawback—offering potential value in a settled neighbourhood.
Frequently Asked Questions
1. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or rooms. A viewing is essential to assess the quality, layout, and whether it includes a legal secondary suite or additional bedrooms.
2. How does the smaller lot size impact the property?
While the lot is smaller than many on Grassie Boulevard, it is near the city-wide average. This typically means lower maintenance, but also less private outdoor space and limited potential for expansions like a large addition or garage.
3. The assessed value seems low. Does that affect the selling price?
Not directly. Assessed value is used for calculating property taxes and can be lower than market value. The recent sale history (2023) shows a transaction in the $31.5k-$34.5k range, which is more relevant for understanding current market value.
4. Is this a good option for someone with mobility concerns?
The one-storey design is advantageous. However, buyers should verify there are no steps at entrances and that doorways and bathrooms are configured to meet specific mobility needs.
5. What are the implications of having no garage?
This means all parking will be on-driveway or street. Buyers should consider vehicle security, winter snow removal, and storage needs, as basement or shed storage would be crucial for seasonal items.