Property Overview: 1-226 Grassie Boulevard, Eaglemere, Winnipeg

Section 1: Key Characteristics & Appeal

This is a 876 sqft condo unit on Grassie Boulevard in the Eaglemere neighbourhood. Built in 2016, it is notably newer than most homes on its street and in the wider city, offering modern construction and likely lower immediate maintenance needs. The living space is compact yet functional, sitting around the city-wide average, making it a manageable size for individuals, couples, or small households.

Its primary appeal lies in its value proposition within its immediate context. While its assessed value is above average for Grassie Boulevard, it is below the average for the Eaglemere area as a whole. This suggests a potential opportunity to own a relatively new property in the neighbourhood at a competitive entry point. The unit would suit first-time buyers seeking a modern, low-maintenance home, downsizers looking to simplify without moving into an older building, or investors attracted by a newer asset with appealing fundamentals for the street.

A less obvious perspective is the trade-off: you are acquiring a newer unit on a street where most properties are decades older, which can be an advantage. However, the condo’s size and value metrics indicate it is a more modest offering compared to some larger, potentially single-family homes in the broader Eaglemere area.

Section 2: Frequently Asked Questions

1. What are the condo fees, and what do they cover?
This is the most critical question, as monthly fees directly impact affordability. The listing data does not include this information; you must request a full disclosure document from the seller or listing agent to understand the fees, what amenities or services (e.g., building insurance, grounds maintenance, reserve fund) they cover, and the financial health of the condo corporation.

2. How does the 2023 sale price relate to the current assessed value?
The property sold for $19.80k in June 2023, which is below its current $21.10k assessed value. This recent transaction provides a concrete market benchmark and suggests the assessed value may have been adjusted upward. Reviewing the sale circumstances with your agent can provide context for current pricing.

3. What is the building's composition and atmosphere?
The addresses of nearby properties (e.g., 2-226, 8-226 Grassie Blvd) suggest this is likely a multi-unit condo or townhouse complex. It’s important to understand the total number of units, the owner-occupier to renter ratio, and the general noise and privacy dynamics of the specific building.

4. Why is the assessed value higher than the street average but lower than the neighbourhood average?
This reflects the property’s unique positioning. Its modern build year (2016) gives it a higher value relative to the older homes on Grassie Boulevard. However, its smaller square footage and condo format likely place it below the average value for all property types in the larger, more diverse Eaglemere area.

5. What does the "Elite" ranking for Year Built on the street actually mean?
The data shows this unit is ranked 1 out of 58 comparable properties on Grassie Boulevard for its build year. Simply put, it is the newest or among the very newest homes used in that comparison group, which is a significant advantage for maintenance and systems longevity compared to its immediate neighbours.