60 Silver Fields Lane

Property Overview: 60 Silver Fields Lane, Grassie, Winnipeg

Section 1: Key Characteristics & Appeal

This 4-level split home, built in 1991, offers a practical and efficient layout with 1,520 sqft of living space. Its key appeal lies in its balance of above-average interior space for the immediate area and a recently renovated basement, adding modern functionality. The home sits on a standard 5,210 sqft lot in a neighbourhood of similar-aged properties.

The data presents a nuanced picture: while the living area is generous for the street and city, the assessed value is notably modest compared to neighbours. This combination suggests a property that may offer more interior space for the dollar, potentially appealing to value-conscious buyers looking for room to grow without a premium lot size. It would suit first-time buyers, small families, or practical investors seeking a functional home in a settled area, particularly those who prioritize updated interior space over a large yard or a high-assessment price tag.

Section 2: Frequently Asked Questions

1. Why is the assessed value significantly lower than nearby homes?
While the home has above-average living space, its assessed value ranks below average for the street and neighbourhood. This can be influenced by many factors, including specific lot characteristics, the home’s condition prior to the basement renovation, and market comparisons used by the assessor. It’s important to review the detailed assessment and consider a current market evaluation.

2. What does the "renovated basement" include?
The listing confirms the basement is renovated, but the specific scope, quality, and permits for this work are not detailed here. A buyer should verify the renovations during a viewing and request any relevant documentation to understand the finishes and ensure the work was completed to code.

3. How does the lack of a garage affect daily living and value?
The property has no garage, which is a practical consideration for vehicle storage, security, and additional storage space. This is a common feature in the area, but buyers should factor in the need for driveway parking and potentially alternative storage solutions.

4. The home sold in late 2020. What has changed since then?
The sold price from 2020 provides a historical benchmark, but the local and national real estate markets have experienced significant shifts since that time. The renovated basement is also a likely change post-2020, which would not be reflected in that older sale price.

5. How does the 4-level split layout function for daily life?
A 4-level split typically offers good separation between living and sleeping areas, which can be ideal for families. However, the multiple short flights of stairs can be a consideration for those with mobility concerns or a preference for single-level living. The flow and room sizes on each split level should be evaluated in person.