Property Overview: 46 Radley Bay, Grassie, Winnipeg
Key Characteristics & Appeal
This 4-level split home, built in 1986, presents a compelling blend of space, value, and location. Its primary strength is its generous 1,817 sqft of living area, which ranks in the top 4% of homes on Radley Bay itself, offering significantly more interior space than most neighbours. The home features a renovated basement and an attached garage. While the lot size is fairly typical for the street, the property's assessed value sits above average for both the immediate area and citywide, suggesting a perception of solid value by municipal assessors.
The appeal lies in its "larger fish in a smaller pond" dynamic. It offers the spaciousness often sought in newer suburbs but within an established, mature neighbourhood. The renovated basement adds modern utility to the well-proven split-level layout. This property would suit buyers looking for a family home with ample room to grow, who value established communities over brand-new construction, and who appreciate a home that stands out in its immediate vicinity for its size relative to its peers. It’s a practical choice for someone who wants more house without necessarily moving to a more expensive or sprawling lot.
Frequently Asked Questions
1. How does the home’s value compare to recent sales?
The home last sold in early 2021 for an estimated range of $365k-$395k. Its current assessed value is $475k, which is above average for the street and city. This indicates significant appreciation, but the exact sale price should be verified to understand the complete market trajectory.
2. Is the lot size a limitation?
At just under 5,000 sqft, the lot is average for Radley Bay but below average for the broader Grassie area. This means smaller yard maintenance, but may offer less private outdoor space than some other homes in the neighbourhood. It balances interior spaciousness with a manageable exterior.
3. What does the "Top X%" ranking actually mean?
These rankings compare this specific property against three groups: its 25 neighbours on Radley Bay, all ~1,348 homes in Grassie, and all ~194,458 homes citywide. For example, its living area is in the top 4% on its own street, meaning it is one of the largest homes in that direct comparison group.
4. What are the implications of a 40-year-old home?
Built in 1986, the home is newer than the Winnipeg average but is now entering a phase where major original components (like the roof, windows, or furnace) may need attention or may have been recently updated. A thorough inspection is key to understanding the condition of these age-related items.
5. Who would this home not suit?
It may not be ideal for buyers seeking a very large yard, a brand-new build with modern layouts, or those sensitive to the potential maintenance of a home from the 1980s. The 4-level split design also involves multiple staircases, which could be a consideration for those with mobility concerns.