Property Overview: 116 Orum Drive, Grassie, Winnipeg

Section 1: Key Characteristics & Appeal

This two-storey home in Grassie presents a practical and well-proportioned offering. Built in 1999, it sits on a notably generous 7,308 sqft lot, providing ample outdoor space that ranks well above average for its immediate street, neighborhood, and the city overall. The 1,577 sqft living area is comfortably sized, also ranking above average in its local context. A key updated feature is the renovated basement, adding valuable finished space, and the home includes the convenience of an attached garage.

The appeal lies in its balanced, data-backed position within the market. It’s not an outlier in any single category but consistently performs above or around average across key metrics like living space, lot size, and year built when compared to local and city-wide peers. This suggests a solid, established home in a mature neighborhood. It would suit buyers looking for a move-in-ready property with a sizable yard, without the premium often attached to brand-new builds. It’s particularly fitting for small families or downsizers who value both indoor living space and private outdoor room, and who appreciate the stability of a home that has already seen thoughtful updates like the basement renovation.

Section 2: Frequently Asked Questions

1. How does the property’s assessed value relate to its likely selling price?
The assessed value is a municipal figure for tax purposes and is typically lower than market value. While it provides a benchmark, the final sale price will be determined by current market conditions, the home’s updated condition, and buyer demand.

2. What is the significance of the lot size being in the "top 18%" on the street?
This ranking indicates the property has one of the larger lots on Orum Drive. For buyers, this means more privacy, gardening potential, and play space relative to most neighbors, which is a lasting advantage that can’t be easily changed.

3. The home sold in late 2020. How relevant is that sale price today?
The 2020 sale price is a historical data point, but the market has evolved since then. It’s more useful to see how the home’s assessed value and features compare to recently sold properties in Grassie to gauge its current market position.

4. What does "around average" for year built in Grassie imply?
It means the home was built right around the typical age for the Grassie neighborhood (approx. 2000). This suggests you’re buying into a well-established area with homes of a similar vintage, which can mean predictable styles and shared maintenance timelines among neighbors.

5. Who would benefit most from the renovated basement?
Beyond adding extra living space, a renovated basement is a major asset for households seeking functional separation—ideal for a home office, teen suite, dedicated hobby room, or guest area that doesn’t intrude on the main floor living spaces.