Property Overview: 40 Outhwaite Street, Grassie, Winnipeg

Key Characteristics & Appeal

This one-storey home at 40 Outhwaite Street presents a practical and comfortable living proposition in Winnipeg's Grassie neighbourhood. Built in 1995, it offers 1,374 sqft of living space with a renovated basement and an attached garage. Its key appeal lies in its balanced, above-average positioning within its immediate area. While the home's size is typical for the street, it stands out with a larger-than-average lot for Outhwaite Street (4,866 sqft, ranking in the top 10% locally) and an assessed value that is above average for both the street and the city. This suggests a property that is well-regarded relative to its direct peers, potentially due to updates or its specific lot attributes.

The home would suit first-time buyers or downsizers looking for single-level living in an established neighbourhood. The renovated basement adds flexible space for a growing family, a home office, or a recreation room. A thoughtful perspective for buyers is to consider the trade-off: while the lot size is generous for the street, it is below the neighbourhood average, indicating Outhwaite Street may feature more compact, well-kept properties compared to wider Grassie. This creates a setting with a likely consistent streetscape. The sale history shows a transaction in 2021, suggesting a motivated seller at that time, which can be a useful data point for current value discussions.

Frequently Asked Questions

1. How does this home truly compare to others in Grassie?
While its living area and assessed value are around the Grassie average, its lot size is smaller than the neighbourhood norm. Its strength is its strong standing on its own street, where it has a premium lot and assessed value.

2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. This is a key question for a buyer to ask, as it could range from updated finishes to a fully developed legal suite or additional bedrooms.

3. Is the 2021 sale price relevant today?
The sold price from August 2021 provides a historical benchmark, but market conditions have likely changed. It's a useful starting point for understanding past value, but a current market evaluation is essential.

4. What is the typical character of Outhwaite Street?
The data suggests homes on Outhwaite Street have smaller lots but newer builds (average year built 1995) compared to the Winnipeg city-wide average (1966). This points to a modern, perhaps more uniform, suburban-style street within Grassie.

5. Why is the assessed value above average on the street but only average in Grassie?
This indicates that Outhwaite Street may have generally lower property values than some other parts of the larger Grassie area. This property's above-street-average assessment highlights it as one of the more valuable homes on its specific block.