Property Overview: 66 Radley Bay, Grassie, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Grassie presents a practical and affordable entry point into the Winnipeg market. Its key characteristic is a recently renovated basement, adding valuable finished living space to the 1,073 sqft main floor. Built in 1986, the house sits on a roughly 5,300 sqft lot, which is a manageable size for maintenance.
The primary appeal lies in its value proposition. The home's assessed value is notably below average for its immediate street and neighborhood, yet it sits around the city-wide average. This suggests a potential opportunity for buyers seeking a home in a stable area without the premium price tag often found there. It last sold in mid-2024, indicating a recent market transaction.
This property would best suit first-time buyers, downsizers looking for single-level living, or value-focused investors. The renovated basement offers flexibility for a growing family, a rental suite (subject to zoning verification), or a dedicated recreational space. It’s a home for those who prioritize functional space and location over high-end finishes or a large yard, and who are comfortable with a property that may require some updates to the main living areas over time.
Section 2: Frequently Asked Questions
1. Is the renovated basement a legal suite?
The listing notes a renovated basement but does not specify it as a legal secondary suite. Buyers must verify with the city for compliance with zoning and building codes, which is a crucial step for anyone considering rental income.
2. Why is the assessed value so much lower than neighboring homes on Radley Bay?
While the assessed value is below the street average, the recent 2024 sale price fell within a range consistent with that assessment. The difference may be due to the home's smaller size, specific condition, or original layout compared to others on the street.
3. What does "around average" for the city really mean for this home?
It means that while this home may feel modest within its own desirable neighborhood, it represents a very typical Winnipeg home when compared to the entire market. You are getting a neighborhood often ranked above average, for a price that aligns with the city's median.
4. Are there any concerns with a house built in the 1980s?
Homes from this era are generally built with modern standards, but key components like the roof, windows, and major mechanical systems (furnace, water heater) may be nearing or past their typical lifespans and should be inspected.
5. How does the lack of a garage affect value and livability?
The absence of a garage is factored into the price. For some buyers, this is a trade-off for affordability. It necessitates planning for street parking and on-site storage, but the lot size may allow for the future addition of a garage or carport, subject to permits.