Property Overview: 3-446 Grassie Boulevard, Winnipeg

Key Characteristics & Buyer Appeal

This two-storey home, built in 2023, is a notably modern property in its neighbourhood. Its primary appeal lies in its new construction, offering move-in readiness and the benefits of contemporary building standards, which is a rare find in an area dominated by older homes. With 1,490 sqft of living space, it provides above-average roominess for its immediate street and is competitively sized city-wide. The home features an attached garage and a basement (unrenovated), fitting a practical, low-maintenance lifestyle.

The property’s standout characteristic is its age—it ranks in the top 1-2% for being newly built when compared to homes on its street, in the Grassie area, and across Winnipeg. This is a significant advantage for buyers seeking to avoid the immediate repairs or updates often needed with older houses. However, the land size is compact at 3,632 sqft, which is well below the local average. This suggests a more manageable yard with less upkeep, but limited private outdoor space.

This home would best suit first-time buyers or downsizers who prioritize a modern, efficient living space over a large yard. It’s also a sensible choice for value-conscious buyers looking for a newer build without a premium price tag, as its assessed value is positioned around the average for the city. The trade-off is clear: you gain a contemporary home but forfeit the larger lot size typical of the area.

Frequently Asked Questions

1. Is this a freehold property?
The listing details suggest it is likely a freehold house, but the address format (3-446) is atypical. It is essential to verify the exact tenure (freehold vs. leasehold/condominium) and any associated fees with your real estate agent or the listing representative.

2. Why is the assessed value significantly different from the recent sold price range?
The assessed value of $41,100 is for municipal tax purposes and may not reflect current market value. The reported sold price range from March 2024 ($38.5k - $41.5k) aligns closely with this assessment, but a professional appraisal is needed to determine present-day market value.

3. What does the "unrenovated basement" mean?
The basement is finished as living space but has not been modernized or updated since the home was built. It is functional but may have basic finishes, presenting a future opportunity for customization.

4. How does the small land area affect me?
The lot is significantly smaller than most in the neighbourhood. This means lower maintenance and potentially lower property taxes, but also limited potential for expansions like large decks, additions, or extensive landscaping. It may also mean homes are situated closer together.

5. The home is new, but how is the build quality?
While being a 2023 build is a major advantage, it’s wise to inquire about the builder’s reputation, check for any remaining New Home Warranty coverage, and consider a thorough home inspection to identify any potential construction deficiencies common in new builds.