Property Overview: 79 Grassington Bay, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 79 Grassington Bay in Meadowood presents a compelling mix of space, value, and established community living. Built in 1978, it stands out on its street as one of the newer homes, suggesting potentially fewer concerns with aging infrastructure compared to immediate neighbors. With 1,206 square feet of living area, it offers above-average space for both the street and the broader Meadowood area, providing comfortable room for daily life.
The appeal lies in its strong positional value. The assessed value is consistently above average for its immediate vicinity and neighborhood, indicating a property that holds its worth well in its local context. While the lot size is slightly more compact compared to others on Grassington Bay, it is in line with the Meadowood average, making it a manageable space for upkeep. This home would suit practical buyers looking for a move-in ready, well-sized home in a mature Winnipeg neighborhood without paying a premium for a large lot. It’s particularly suited for first-time homeowners, small families, or downsizers who prioritize interior space and community stability over extensive yard work.
A thoughtful perspective: its "above-average" rankings within the neighborhood, rather than city-wide, highlight that its prime value is in being a standout property on a local level—a smart choice for buyers focused on specific community comparisons over broad metro metrics.
Section 2: Frequently Asked Questions
1. How does the assessed value relate to market price?
The assessed value of $40,800 is for municipal tax purposes. Market price is determined by current buyer demand. The last recorded sale was between $400,000-$450,000 in 2022, which is a more relevant indicator for today’s market value.
2. Is the lot size a disadvantage?
At 4,999 sqft, the lot is slightly smaller than others on the same street but is typical for Meadowood. This can be an advantage for those seeking lower maintenance, while still providing adequate private outdoor space.
3. What does the "newer" year built mean for a 1978 home?
Being one of the newer homes on the block (ranked 1 out of 40 for year built on its street) suggests that major components like roofing, wiring, or plumbing may have been updated later than in neighboring houses, potentially implying a longer timeline before costly replacements.
4. How can I find out the exact historical sale prices?
The provided sale price ranges are based on public data. The listing service offers to provide the exact sold prices via a manual email request, which they aim to fulfill by the end of the same business day.
5. How does this home compare to others in Winnipeg overall?
City-wide, this home is around average in terms of living area and assessed value. Its strengths are more localized—it shines in direct comparison within the Meadowood community, offering more interior space and a newer build year than many nearby options.