Property Overview: 140 Reg Wyatt Way, Grassie, Winnipeg

Key Characteristics & Buyer Profile

This one-storey home in Grassie presents a practical, low-maintenance living option. Its key characteristics include a renovated basement, an attached garage, and a 2009 build date, making it a relatively modern structure. With 1,264 sqft of living space and a 4,725 sqft lot, the home sits on the more compact side for its immediate street and neighborhood, but aligns more closely with average city-wide dimensions.

The appeal lies in its balance of modern essentials and manageability. The renovated basement adds functional living space, while the newer construction suggests fewer immediate major repairs compared to much of Winnipeg's older housing stock. Its assessed value is notably above average city-wide, which can indicate a stable or desirable valuation foundation, yet it remains around the median for the Grassie area itself.

This property would best suit first-time buyers, downsizers, or investors seeking a turnkey, single-level home. It’s ideal for those who prioritize a modern build year and updated features over expansive square footage. A thoughtful perspective is that while the lot is smaller than many on the street, it translates to less yard work. Additionally, its city-wide value ranking suggests it may represent a comparatively solid investment within the broader Winnipeg market, even if it’s a more average offering on its own block.

Frequently Asked Questions

1. Is the living space sufficient for a family?
The 1,264 sqft layout, plus a renovated basement, offers practical space for a small family or couple. It is below the average size for both the street and Grassie, so those needing multiple large bedrooms or extensive living areas should carefully consider their needs.

2. What does the "above average" city-wide assessed value mean?
This means the home’s official assessed value sits higher than about 76% of all Winnipeg properties. It often reflects the 2009 build year and renovated condition compared to the city's older average housing age. However, it's closely aligned with the neighborhood average.

3. How does the lot size impact the property?
At 4,725 sqft, the lot is smaller than many in the immediate area. This means a more manageable yard with less maintenance, but potentially less privacy or room for large additions like a deck or pool compared to neighbors.

4. Why is the exact sold price not listed publicly?
Exact sale prices are not always publicly available in Manitoba. The provided range is estimated from public data. You can request the precise historical sale price by email from the listing service for verified accuracy.

5. What are the advantages of a 2009 build year?
A 2009 construction means major components like the roof, windows, furnace, and electrical system are likely still within or approaching their typical lifespan, potentially reducing near-term replacement costs compared to much older homes.