Property Overview: 148 Reg Wyatt Way, Grassie, Winnipeg

Section 1: Key Characteristics & Appeal

This one-storey home in Grassie presents a practical and modern living option. Built in 2011, it is a notably newer construction compared to most homes in Winnipeg, suggesting contemporary building standards and potentially lower immediate maintenance. With 1,332 sqft of living space and an attached garage, it offers the essentials for comfortable living. The basement exists but is unrenovated, representing both a project and an opportunity for future expansion.

The appeal here is one of value and efficiency rather than luxury. Its assessed value is above the city-wide average, yet it sits in a more affordable position within its immediate neighborhood and the Grassie area. This creates an interesting dynamic: you’re acquiring a relatively new home that may offer more modern amenities than typical for the city, but at a price point that is competitive within its local market. The lot size is modest, which translates to less yard maintenance.

This property would suit first-time buyers or downsizers seeking a low-maintenance, modern home without a premium price tag. It’s also a sensible fit for an investor or a buyer with a DIY inclination, given the potential to add value through a basement development. The data suggests it’s a solid, middle-ground home—not the largest or most expensive on the street, but a newer and efficiently sized option in the broader city context.

Section 2: Frequently Asked Questions

1. Is this a good value for the area?
The data indicates a mixed picture. While the home’s assessed value is above the Winnipeg average, it ranks below average on its own street and around average in the broader Grassie area. This suggests you may be getting a newer home (2011) for a price comparable to older homes nearby, which could represent good relative value.

2. What does the unrenovated basement mean?
The basement is finished as living space but has not been updated. It is functional but may feel dated. Buyers should budget for potential cosmetic updates or system checks (like insulation or moisture control) to modernize it to their taste.

3. How does the home’s size compare?
At 1,332 sqft, it is below the average size for homes on Reg Wyatt Way and in Grassie, but is very close to the average for all Winnipeg homes. It is a efficiently sized, manageable layout rather than a spacious one.

4. What is the history of price changes?
Public records show two sales: one in mid-2017 and another in mid-2021. The sold price increased significantly between those two dates, consistent with broader market trends of that period. For the exact sale prices, you can request the information via email from the listing source.

5. What are the less obvious considerations?
Consider the long-term implications of the lot size (4,789 sqft), which is smaller than many in Grassie. This limits expansion possibilities but reduces yard work. Also, as the newest home on its street (top 1%), it may not benefit from the same rate of value appreciation as older homes undergoing modernization, but it likely has fewer near-term repair costs.