Property Overview: 51 Reg Wyatt Way, Grassie, Winnipeg
Key Characteristics & Appeal
This two-storey home in Grassie offers a practical and modern living space. Built in 2010, it is a newer property compared to most in Winnipeg, suggesting contemporary construction and likely fewer immediate maintenance concerns. The 1,791 sqft living area is comfortably above average for both the neighborhood and the city, providing ample room for a family. A key feature is the renovated basement, which adds finished living space and immediate value. The home includes an attached garage for convenience.
Its appeal lies in its balance of space, modernity, and location within a quiet neighborhood. The data shows it consistently ranks above average for its living area and assessed value within Grassie and city-wide, indicating a solid investment in a desirable area. However, the lot size (4,419 sqft) is notably smaller than others on the same street, which may mean a more compact backyard but also less yard maintenance.
This property would suit first-time buyers or growing families looking for a move-in-ready home with modern finishes and a renovated basement. It’s also a sensible choice for value-conscious buyers who prioritize interior space and recent build quality over having a large outdoor plot.
Frequently Asked Questions
1. How does the lot size impact the property?
While the home itself is spacious, the lot is smaller than many on Reg Wyatt Way. This means a more manageable yard with lower maintenance, but potentially less private outdoor space compared to direct neighbors.
2. What does the "above average" assessed value ranking mean?
The home’s assessed value places it in the top 19% in Grassie and top 13% city-wide. This generally indicates the municipality views it as a higher-value property relative to others, often reflecting its condition, size, and desirability of the location.
3. Is the renovated basement a legal suite?
The listing notes a renovated basement but does not specify it as a legal secondary suite. Buyers should verify its compliance with local regulations if considering rental income potential.
4. How stable has the home's value been?
Public sale price data shows two sales in the last decade (2017 and 2022), with the 2022 sale price ranking in the top 6% for the street at the time. This suggests strong value appreciation in that period, though past performance is not a guarantee of future trends.
5. What are the trade-offs of a 2010 build year?
A 2010 build offers modern standards and likely newer major systems (like HVAC). However, it is now 14 years old, so components like the roof, appliances, or flooring may be nearing a point where updates or replacements could be considered in the coming years.