Property Overview: 11 Blue Horizon Cove, Grassie, Winnipeg

Section 1: Key Characteristics & Appeal

This well-situated one-storey home in Grassie presents a practical and comfortable living opportunity. Its key characteristics include a renovated basement, an attached garage, and a 1993 build that is notably newer than the Winnipeg city-wide average. With 1,202 sqft of living space, the home is cozier than most in its immediate neighbourhood and Grassie area, but aligns closely with the typical size of a Winnipeg home. The lot is a manageable 4,895 sqft.

The appeal lies in its balance of modern updates and established community. The renovated basement adds immediate functional space without the need for initial projects. Its above-average city-wide assessment value suggests a solid investment in a desirable broader market, while the price history indicates steady appreciation. This property would suit first-time buyers or downsizers seeking a low-maintenance, single-level layout in a mature neighbourhood. It’s also a sensible fit for value-conscious buyers who prioritize a move-in-ready condition with a newer building foundation over maximizing square footage.

Section 2: Frequently Asked Questions

1. How does the home's size compare to others?
While the living area is below average for the Grassie area, it is very close to the city-wide average. This suggests a more efficient use of space, potentially leading to lower utility costs and less upkeep.

2. What does the assessed value tell me?
The assessment is above average compared to all Winnipeg homes, indicating the property holds strong value in the broader market. It is on par with homes in its immediate area, suggesting the price is competitive and reflects local norms.

3. Is the lot size a limitation?
At just under 5,000 sqft, the lot is smaller than many in Grassie but is near the city-wide average. It provides ample yard space for gardening or recreation without the demanding maintenance of a much larger plot.

4. What is the significance of the 1993 build year?
Built in 1993, the home is significantly newer than the typical Winnipeg house. This can be an advantage, potentially meaning newer building materials, wiring, and plumbing systems compared to much older stock in the city.

5. How has the property's value changed over time?
Available data shows a clear upward trend. The home sold in the $31.5k-$34.5k range in 2017 and in the $46.5k-$49.5k range in 2022, demonstrating substantial growth over that five-year period.