Property Overview: 71 Grassington Bay, Winnipeg
Key Characteristics & Appeal
This home at 71 Grassington Bay in Meadowood is defined by its generous interior space relative to its local context. Built in 1978, the 1,482 sqft living area stands out significantly on its own street, ranking in the top 3% among the 40 homes on Grassington Bay. This suggests it offers more room than most of its immediate neighbors, a key advantage for buyers seeking above-average space in this specific location. The assessed value is also strong locally, ranking in the top 8% on the street.
The appeal lies in securing a well-sized home in an established neighborhood. While the lot size is slightly smaller than others on the same street, the house itself represents a premium offering in terms of square footage for the area. It would suit buyers who prioritize interior space over a large yard and who value being in a mature community with homes of a similar vintage. The historical sale prices indicate steady market growth, appealing to those looking for a stable investment in a settled part of Winnipeg.
Frequently Asked Questions
1. How does this home truly compare to others in the area?
The data shows its greatest strength is interior living space, which is well above average for both its immediate street and the broader Meadowood area. Its lot size is more modest compared to the street, but is typical for the wider neighborhood.
2. What does the sold price history indicate?
The home sold in 2017 in the $300k-$350k range and again in 2022 for $500k-$550k. This indicates a strong appreciation over that five-year period, reflecting rising market values and the property's desirability.
3. Is the assessed value a reliable indicator of the market price?
The assessed value for taxation purposes ($43.30k) is a legal metric for calculating property tax, not a direct market appraisal. The recent sold price range is a far more accurate reflection of its current market value.
4. The home was built in 1978. What should I consider?
A home of this age is likely to have undergone various updates. A thorough inspection is crucial to evaluate the condition of major systems like roofing, plumbing, electrical, and the foundation, and to understand what renovations may have been completed.
5. How can I get the exact historical sold prices?
The listing service offers to provide the exact sold prices (not just ranges) via email upon request, stating they will manually reply by the end of the same day without using the contact for unsolicited marketing.