Property Summary: 1182 sqft Home on Orum Drive, Grassie, Winnipeg

Key Characteristics & Target Buyer

This is a compact, well-built home from 1999 with 1,182 square feet of living space on a standard 5,583 sqft lot. Its assessed value of $465,000 is notably above average for the area, which reflects both the newer construction and likely finishes or condition rather than extra space.

The appeal lies in its efficiency. You're getting a house that's 25 years old—old enough that major systems are established, but not so old that you're inheriting a headache. The living area is modest compared to newer suburban builds, which often push 1,500 sqft or more in this part of Winnipeg. This means lower utility costs, less square footage to furnish or maintain, and a more practical footprint.

The land is slightly above average for the immediate area, which is a subtle but real advantage if you value outdoor space or eventual expansion potential. The property ranks in the top 26% citywide for assessed value, suggesting it holds its worth relative to the market.

This house suits buyers who prioritize quality over quantity. Empty-nesters downsizing from a larger home, first-time buyers who want a newer build without stretching for extra bedrooms they won't use, or anyone looking for a solid, low-waste home in a mature neighbourhood will find it sensible. It’s less suited for families needing maximum square footage or someone hoping for a fixer-upper bargain.

Frequently Asked Questions

1. How does the living area compare to typical homes on Orum Drive?
This home is on the smaller side for the street. Orum Drive averages around 1,392 sqft, so you're sacrificing about 200 sqft of floor space. The trade-off is a lower purchase price and lower ongoing costs.

2. Why is the assessed value high relative to its size?
Assessed value in Winnipeg factors in location, lot size, year built, and interior condition. A 1999 build is newer than much of the surrounding housing stock, and the lot is slightly larger than average for Grassie. The value reflects the land and build quality more than raw square footage.

3. Is the lot large enough for a garage addition or extension?
At 5,583 sqft, the lot is around average for the area. There's room for a detached garage or a modest addition, but you'd want to check zoning setbacks on Orum Drive before planning anything significant. The lot ranks in the top 46% for Grassie, so it's not tight.

4. How does this property compare to similar homes citywide in terms of value retention?
Citywide, this home ranks in the top 26% for assessed value, meaning it's in the upper quarter of Winnipeg homes. Given it's bottom 48% for size, the value is being driven by land, age, and location rather than sheer square footage. It's likely to hold value well compared to older, larger homes in less central areas.

5. What's the biggest drawback to be aware of?
The most obvious limitation is interior space. At 1,182 sqft, a family with multiple children or anyone who works from home and needs a dedicated office may find it tight. The compact layout works best for one or two people. Also, because it's in the bottom 18% for living area in Grassie, resale might take longer if future buyers in the area prioritize size over quality.