Property Summary: 171 Grandview Street, Winnipeg
Section 1: Key Characteristics & Appeal
This is a modest, one-storey home built in 1958, situated on a standard city lot in the Kildonan Drive area. Its key appeal lies in its practicality and recent updates. The home features a renovated basement, adding valuable finished living space to its 1,036 sqft footprint, and includes a detached garage. The assessed value is consistent with the local area, suggesting a fairly priced entry point into the market.
The property’s standout feature is its renovated basement, which effectively expands the usable living area beyond the main floor’s square footage. While the lot size is smaller than others on Grandview Street, it is actually above average compared to the wider city, offering manageable outdoor space with less maintenance. This home would best suit first-time buyers, downsizers, or practical investors looking for a move-in-ready property without premium size or frills, but with the important foundational work already addressed. Its value proposition is straightforward: a solid, updated home in an established neighbourhood.
Section 2: Frequently Asked Questions
1. How does the living space compare to the neighbourhood?
At 1,036 sqft, the living area is below the average for both Grandview Street and the broader Kildonan Drive area. However, the inclusion of a renovated basement provides additional finished space not fully captured in that main floor figure.
2. Is the property fairly valued?
The assessed value of $37,700 is consistently around the average for its immediate street, the local area, and city-wide for comparable homes, indicating it is priced in line with the market.
3. What is the significance of the lot size?
The lot of 6,241 sqft is smaller than most on its specific street but is larger than the typical Winnipeg city lot. This means less yard maintenance than a larger property, but potentially more outdoor space than many newer infill lots.
4. What can the last sold price tell me?
The home sold in December 2022 for between $33,500 and $36,500. This recent sale provides a concrete benchmark for its market value just over two years ago, against which any current asking price can be compared.
5. Who would this home not suit?
It may not be ideal for buyers seeking a large primary floor plan, as it is a compact one-storey layout. Those wanting an attached garage or a very large private yard for the street would also likely want to look elsewhere.