Property Overview
This 1,408 sqft one-storey home at 426 Grassie Boulevard in Winnipeg's Grassie neighbourhood presents a practical and updated living space. Built in 1989, it features a renovated basement and an attached garage. The home sits on a 6,847 sqft lot, which is notably larger than many city-wide comparables. Its appeal lies in its move-in readiness with recent updates, combined with a lot size that offers good outdoor space for the area. The data suggests it's a solidly average home for its specific street and neighbourhood in terms of size and value, but it stands out with a newer build year and larger lot when compared to the wider city.
It would suit first-time buyers or downsizers looking for a manageable single-level layout without sacrificing yard space. It's also a candidate for value-conscious buyers who appreciate that major renovations like the basement are already completed, providing a clean slate without immediate large projects.
Frequently Asked Questions
1. How does this home’s value compare to others?
Based on assessed value, this property is fairly typical for Grassie Boulevard itself but sits below the average for the broader Grassie neighbourhood. City-wide, however, its assessment is above average, indicating a potentially strong value proposition depending on the buyer's frame of reference.
2. Is the lot size a pro or a con?
It's a significant pro in two contexts. On Grassie Boulevard, the lot is about average, but it's larger than 75% of lots in the Grassie area and is above the city-wide average. This means more private outdoor space than many nearby homes, which is a less obvious advantage in the neighbourhood.
3. What does the "above average" year built mean for me?
Built in 1989, the home is newer than most on its street and significantly newer than the Winnipeg city-wide average for homes. This often translates to modern construction standards, potentially fewer major system updates in the near term, and floor plans that feel more contemporary.
4. The last sold price seems low. Why is that?
The listed sold price range from 2021 is not the market value today. It is a historical data point and may reflect a different market condition, the property's state prior to renovations, or a non-arms-length transaction. Always rely on a current comparative market analysis for today's value.
5. Who would this home not suit?
Buyers seeking a very large interior living space may find it compact, as the square footage is around the city average. It may also not suit those looking for a premium, top-tier property within the Grassie neighbourhood itself, as the assessed value ranks in the lower tier locally.