Property Overview: 34 Mclellan Drive, Grassie, Winnipeg

Section 1: Key Characteristics & Appeal

This two-storey home in Grassie presents a practical and straightforward opportunity. Built in 1986, it offers 1,308 sqft of living space, which is notably above average for its immediate street. The lot is a standard city size at just over 5,000 sqft. A key updated feature is a renovated basement, adding functional living space. There is no garage or pool.

The primary appeal lies in its value positioning. The home's assessed value is significantly below average for both the street and the broader Grassie neighbourhood, suggesting a potentially accessible entry point into the area. For its size on Mclellan Drive, it ranks well, offering more interior space than most comparable homes nearby. This creates an interesting dynamic: you get a home that is larger than its direct neighbours, yet carries a lower assessed value.

This property would suit a first-time buyer or a practical downsizer looking for a no-frills, renovated basement home in a mature neighbourhood. It’s for someone who prioritizes interior space and value per square foot over premium lot size or newer construction. The data suggests it’s a house where the investment has gone into the lived-in space rather than exterior amenities.

Section 2: Frequently Asked Questions

1. Why is the assessed value so much lower than neighbouring homes?
While the exact reasons aren't specified, the data shows its assessed value is in the bottom 20% on its own street and bottom 5% in Grassie. This could relate to the home's condition, finishes, or specific market factors at its last assessment, and represents a central point for buyer investigation.

2. How does the living area compare to nearby homes?
The living area is a strong point. At 1,308 sqft, it ranks in the top 20% on Mclellan Drive, meaning it's larger than most homes directly around it. This is a less obvious advantage that may not be apparent from the curb.

3. What does the sold price history indicate?
The home sold between $305,000 and $335,000 in September 2023. This placed it above the average sold price for the street at that time but below the average for the wider Grassie area, consistent with its profile as a larger-than-average home for the block at a value price.

4. Is the age of the home (1986) a concern?
At 40 years old, it is newer than most homes citywide but older than many in Grassie. This suggests major components may be nearing or have reached a typical replacement age. The renovated basement is a positive update, but a thorough inspection of the roof, windows, and mechanical systems is advisable.

5. What are the trade-offs for the value?
The value and above-average interior space come with common trade-offs: no garage, a lot size that is average or slightly below average for the city, and a home age that may require updates. It’s a fit for buyers comfortable with these compromises in exchange for square footage and neighbourhood location.