Property Overview & Appeal
83 Grassington Bay is a well-situated home in Winnipeg's Meadowood neighbourhood, built in 1978. Its key appeal lies in its strong relative value within its immediate area. The home's assessed value ranks in the top 15% of Meadowood, suggesting it is viewed favorably compared to area peers. With 1,140 sqft of living space, it offers slightly more room than the average home on its street and in the neighbourhood, fitting comfortably for a small family or couple.
The lot is a standard size for the area at just over 5,200 sqft. A less obvious point of strength is the home's age relative to its street—it is the newest house among the 40 compared on Grassington Bay, which may indicate fewer immediate concerns about outdated major systems compared to direct neighbours. This property would suit a practical buyer looking for a solid, established home in a mature neighbourhood without paying a premium for a fully modernized property. It’s a home that offers above-average standing in its local market rather than standout features city-wide.
Frequently Asked Questions
1. How does the assessed value relate to the likely selling price?
The assessed value is for municipal tax purposes. The home sold for between $450,000 and $500,000 in 2024, which provides a more current market benchmark. Its assessed value ranking in the top 15% of the neighbourhood indicates it is considered a higher-value property in the Meadowood area.
2. Is the living space sufficient for a growing family?
At 1,140 sqft, it is above the neighbourhood average. It typically provides space for two to three bedrooms, suitable for a small or young family. Buyers with a need for multiple large bedrooms or dedicated home office spaces should verify the specific layout.
3. What does it mean that this is the newest home on the street?
Built in 1978, it ranks first out of 40 homes on Grassington Bay for year built. This suggests that, while still 48 years old, major components like the roof, foundation, and plumbing may be relatively younger than those of its immediate neighbours, potentially deferring some major renewal costs.
4. How does the lot size compare?
The 5,276 sqft lot is very close to the average for both the street and Meadowood. It provides a standard suburban yard space but is not considered particularly large or small for the area.
5. Where can I see more detailed comparisons with nearby homes?
You can use the provided link to open a neighbourhood map analysis. This tool allows you to visually compare this property with nearby houses based on year built, living area, assessed value, and lot size.