Property Overview: 46 Mclellan Drive, Grassie, Winnipeg
Key Characteristics & Appeal
This 1986-built, one-storey home offers 1,101 sqft of living space with a renovated basement and a detached garage. Its core appeal lies in being a solid, established property in a neighbourhood of similar homes. The assessed value is notably below the Grassie area average, which may present a value opportunity for a home that is well-maintained and updated. The lot size, while smaller than many in the area, is near the city-wide average, offering manageable outdoor space.
This home would suit first-time buyers or downsizers seeking a move-in-ready, single-level layout in a quiet neighbourhood. Its pricing and size make it a practical entry into the market without the premium of a newer build. A thoughtful perspective is that while the home ranks below area averages for size and lot, it ranks above average for its year built on the street and city-wide, suggesting it is among the more modern homes in its immediate comparison group—a potential upside for maintenance costs.
Frequently Asked Questions
1. How does the property’s value compare to the neighbourhood?
The home’s assessed value is in the top 90% for Grassie, meaning it is below the area average. This could indicate a value proposition, but it’s important to verify this through a current market evaluation and view the property’s condition firsthand.
2. Is the lot size a concern?
At 4,843 sqft, the lot is below average for Grassie but close to the Winnipeg average. It provides manageable yard space for gardening or recreation without excessive upkeep, which could be a positive for those seeking lower maintenance.
3. What does the “renovated basement” include?
The listing notes a renovated basement, but specifics on the scope, quality, permits, and whether it includes a legal suite or additional bedrooms should be confirmed with the seller or a viewing.
4. How has the home’s value changed over time?
Based on available data, the home sold in the $28.5k-$31.5k range in 2018 and in the $37.5k-$40.5k range in 2022. For the exact sold prices and to understand this trend in the current market, you can request the precise history via email.
5. Are there similar homes nearby for comparison?
Yes, several homes on the same street have similar age and size profiles, such as 10 Mclellan Drive. Reviewing these comparable properties can provide context for condition, updates, and market positioning.