Property Overview: 84 Williamson Crescent, Grassie, Winnipeg
Key Characteristics & Appeal
This is a modest, one-storey home built in 1986, situated on a standard-sized lot in the Grassie neighbourhood. Its key features include a renovated basement and an attached garage. With 1,076 sqft of living space, the home is notably compact compared to others on its street and in Grassie, though it aligns more closely with the Winnipeg city-wide average. This smaller scale is reflected in its assessed value, which sits below average for its immediate area.
The primary appeal lies in its efficiency and potential as an affordable entry point into a established neighbourhood. It suits first-time buyers, downsizers, or investors seeking a manageable property with foundational updates already in place (like the basement). A thoughtful perspective is that its below-average metrics for the street could represent a value opportunity for a buyer comfortable with a cozier footprint, as you're effectively paying less for the location than your neighbours did. It’s a practical choice over a prestige one.
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 should verify its compliance with local regulations if considering rental income.
2. How does the sold price history inform the current value?
The home sold in late 2021 for an estimated $31.5k-$34.5k, significantly below its current $39.5k assessed value. This gap suggests a sharp market appraisal increase; understanding the reasons (e.g., the basement renovation, market trends) is crucial for valuation.
3. What does "below average" for the street really mean for livability?
While the living area is smaller than most on Williamson Crescent, the lot size is near the street average. This means you likely have similar outdoor space as neighbours, just with a more efficient interior layout.
4. Are there any concerns with a home built in 1986?
Built 40 years ago, the home is in the age range where major components (roof, windows, HVAC) may be due for inspection or replacement, even if the basement has been recently updated.
5. How does the assessed value compare to likely market price?
The assessed value is for municipal tax purposes. Given it's below area averages but the home has been renovated, the actual market price could be influenced more by recent upgrades and current buyer demand than this tax assessment.