Property Overview & Key Characteristics

This well-situated one-storey home in Grassie offers a practical and comfortable living arrangement on a spacious, mature lot. Its key appeal lies in its balance of established neighbourhood character and specific, modernized updates. The home itself is a manageable 1,101 sqft bungalow built in 1986, but the standout feature is the fully renovated basement, which adds significant functional space. The property sits on a large 6,554 sqft lot, placing it in the top tier for land size within its immediate area, and includes a detached garage.

The home’s value is underscored by its strong positional rankings: it sits in the top quarter of Winnipeg for lot size and is newer than 70% of homes city-wide. In its own neighbourhood, it ranks highly for lot size but is assessed at a value higher than nearly 90% of nearby properties, which may indicate the positive impact of the basement renovation or its desirable location on the street.

This property would suit first-time buyers or downsizers looking for single-level living without sacrificing space, thanks to the developed basement. It’s also a sensible choice for a buyer who values a larger, private yard over a larger house footprint and prefers an established, settled community with mature infrastructure.

Frequently Asked Questions

1. What does the "renovated basement" typically include?
While specifics should be verified with the listing agent, a renovated basement in a home of this era often means updated finishes like flooring, drywall, and lighting, potentially creating a recreational room, additional bedroom, or a more livable utility space. It significantly increases the home's usable square footage.

2. The assessed value seems low compared to some nearby homes. Why is that?
Municipal assessed value for taxation purposes doesn't always equal market value and can lag behind recent renovations or market shifts. The home is assessed higher than most in its neighbourhood, but its value may be influenced by its smaller above-ground footprint compared to larger two-storey comparables.

3. Who would benefit most from the detached garage?
A detached garage is ideal for hobbyists, woodworkers, or anyone needing a dedicated workshop space separate from the house. It also offers flexibility for storage, a home gym, or parking without consuming interior living space.

4. The home ranks highly for lot size but lower for living area. What does this mean for me?
This highlights the property's potential. You are purchasing considerable outdoor space and privacy—a premium in mature neighbourhoods. The trade-off is a more modest main-floor layout, but the renovated basement helps compensate, making it a property where the land itself is a key asset.

5. The home is newer than many in Winnipeg but older than most in Grassie. Is that a concern?
Not necessarily. A 1986 build means major components like the roof, windows, and furnace are likely within or approaching their replacement window, so a thorough inspection is key. However, it also means the home avoids some construction practices of earlier decades and benefits from decades of neighbourhood maturation.