Property Overview: 27 Parasiuk Place, Grassie, Winnipeg

Key Characteristics, Appeal & Ideal Buyer

This 1989 bi-level home at 27 Parasiuk Place presents a practical and affordable entry point into Winnipeg’s Grassie neighborhood. Its key characteristics include a modest 870 sqft of living space, a renovated basement, and an attached garage, all situated on a well-sized 6,088 sqft lot. The home’s assessed value of $390,000 is notably lower than many in the immediate area, offering relative value within its city-wide peer group.

The primary appeal lies in its positioning as a manageable, lower-maintenance property. It’s a home that doesn’t demand extensive renovation, thanks to the updated basement, and offers a generous yard for its footprint. This setup is ideal for first-time homebuyers, downsizers, or pragmatic investors seeking a straightforward property. A less obvious perspective is its potential for those who prioritize financial flexibility; the below-average price point for the street and neighborhood could free up budget for customization, savings, or simply provide a more comfortable mortgage payment. It suits a buyer who values utility and location over sheer square footage, offering a solid foundation in a stable community.

Frequently Asked Questions

1. How does the size of this home compare to others?
At 870 sqft, the living area is compact, ranking below the average for both Parasiuk Place and the wider Grassie area. This indicates it is one of the smaller homes available locally, which contributes to its accessible price point.

2. Is the assessed value a good indicator of the likely selling price?
The assessed value is $390,000. Recent sold price data for the property (ranging ~$455k-$485k in late 2024) suggests the market value may be higher, a common occurrence. The assessment is a useful benchmark, but market conditions and recent sales are more direct indicators of current value.

3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. Buyers should inquire about the finish quality, permits, and the nature of the space (e.g., recreational room, additional bedroom) to understand its full utility and value.

4. How does the lot size compare, and what are the implications?
The 6,088 sqft lot is above the city-wide average. For this property, it means the yard space is generous relative to the home's size, offering good outdoor potential, privacy, and room for additions like a deck or garden, which is a significant asset for a smaller house.

5. The home is described as a "bi-level." What does that mean for daily living?
A bi-level typically features a short flight of stairs to the main living area (often containing living room, kitchen, dining) and another short flight down to a lower level containing additional rooms. This split design can offer good separation of space but involves navigating stairs between common areas.