Property Overview: 20 Pearn Avenue, Grassie, Winnipeg

Section 1: Key Characteristics & Appeal

This single-storey home, built in 2006, presents a practical and comfortable living option in Winnipeg's Grassie neighbourhood. Its key appeal lies in a combination of modern convenience and generous outdoor space. The home features a renovated basement and an attached garage, with a living area of 1,497 sq ft that is squarely average for both the neighbourhood and the wider city.

The standout characteristic is the land. With an 11,197 sq ft lot, the property offers significantly more outdoor space than most homes in Grassie and ranks within the top 4% city-wide for lot size. This creates substantial potential for gardening, recreation, or future expansion. The home’s assessed value is consistently above average for its area, suggesting it is viewed as a solid asset within its market.

This property would suit buyers looking for a move-in ready, relatively modern home without the maintenance concerns of an older build, but who prioritize private outdoor space over a larger interior footprint. It’s a strong match for small families, downsizers seeking single-level living, or anyone valuing a sizable yard in a well-established community.

Section 2: Frequently Asked Questions

1. How does the lot size compare to nearby properties?
The lot is exceptionally large. It is nearly 70% larger than the average lot for similar homes in Grassie and ranks among the largest 4% of all residential lots in Winnipeg.

2. Is the home’s size typical for the area?
Yes. At 1,497 sq ft, the living area is very close to the neighbourhood average. The home offers comfortable but not expansive interior space, with the property’s premium being placed more on its land.

3. What does the "above average" assessed value indicate?
It suggests the municipal assessment values this property more highly than most comparable homes in Grassie and across Winnipeg. This often reflects factors like the desirable lot, modern build year, and renovations, but it can also influence property taxes.

4. The most recent sold price range is close to the assessed value. Is that normal?
In this case, it indicates a stable and transparent valuation. The close alignment suggests the market price and municipal assessment are in agreement, which isn't always the case and can provide confidence in the property’s current market value.

5. What is less obvious about this property’s position?
While the home itself is average in size for the street, it is the newest on Pearn Avenue. More importantly, its lot size is a rare commodity that becomes increasingly valuable over time, offering privacy and options that are difficult to find in newer subdivisions.