Property Overview

This home at 258 Jacques Avenue in Winnipeg's Grassie neighbourhood presents a compelling opportunity. Its primary appeal lies in offering above-average space and modern construction in a well-established area. With over 2,100 square feet of living space, it ranks in the top 10% of homes on its street and top 5% within Grassie for size, providing ample room for a growing family or those who value spacious interiors. Built in 2009, it is a relatively newer home compared to many in the city, which often translates to fewer immediate major repairs and modern building standards. The property features an attached garage and a renovated basement, adding functional living and storage space.

The home’s assessed value of $630,000 positions it as a premium offering in the local market, ranking in the top 2% of the Grassie area. This suggests it is a standout property in terms of perceived market value for the neighbourhood. The lot size is fairly typical for the area, offering standard outdoor space without being oversized. The recent sale in mid-2024 provides a clear, current benchmark for its market price.

This property would best suit buyers looking for a move-in ready, spacious family home who prioritize modern construction and are comfortable with a value that sits at the higher end of the neighbourhood spectrum. It’s for those who want more square footage and newer amenities without moving to a brand-new suburban development. It may also appeal to value-conscious buyers who see the advantage in a home that already has a renovated basement, eliminating a common major project.

Frequently Asked Questions

1. How does this home’s size truly compare to others?
It is significantly larger than average. With 2,129 sq ft, it surpasses the typical home in Grassie by over 600 square feet and the Winnipeg city-wide average by nearly 800 square feet. This places it among the larger homes available in the area.

2. What does the "Elite" or "Top 2%" assessed value ranking mean for me?
While a high assessment can indicate a desirable, well-appointed property, it’s important to note that it also means you are buying at the top of the current neighbourhood price range. Your property taxes will likely be based on this premium valuation.

3. The home sold recently in July 2024. Why is that significant?
A very recent sale provides an excellent, up-to-date indicator of the home’s fair market value in the current economic climate. It reduces guesswork about what the home is worth compared to listings with older, less relevant sale histories.

4. Is a 2009-built home considered "new"?
In Winnipeg’s context, where many homes are decades older, a 2009 build is considered relatively new. It likely incorporates modern insulation, wiring, and building codes, potentially offering better energy efficiency and lower maintenance costs in the near term than an older home.

5. The lot size is noted as "around average." Is that a drawback?
Not necessarily. It indicates the property is in line with the neighbourhood character. For many buyers, a standard lot size means less yard maintenance while still providing private outdoor space. The value here is focused more on the interior living space and modern structure than on extensive land.