87.9
Excellent
Property score
87.9
Excellent
Overall 87.9
Smaller but newer than most nearby homes
2,246 sqft (bottom 30%)
Built in 2014
Located in a high-income area
with median household income of ~112k
Transit 56.0
2-min walk to transit with 1 nearby route
Within 500m: 2 parks nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
3% smaller than neighborhood avg.
Year Built
Above average
0 yrs newer than neighborhood avg.
Mother tongue
English · 64%Punjabi · 13%
Past 10 years Grassie sales snapshot (~80% of all data)
5
445k
$185/sqft
2014
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87.9 is composed by the two sections below.
Property Score
Community Score
Grassie
How to read: Share of sales in each ~$50k price band for “grassie” (Condos, 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.
Sales-to-New-Listings
1,196
sold
1,852
new listings
Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba
Sold Above Asking
Majority sold above asking
68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026
With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.
Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110874
$112K
Median household income
$115K
Average household income
2%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.9
P90 / P10 ratio
11%
Single-person households
44%
Families with children
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: fill length ≈ share of peers you outperform. Fill color reflects tier (red / blue / amber / gray). “Avg” is a rough median benchmark for comparable homes in that scope.
To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.
Nearby stops, routes & transit score
Dining, education, healthcare, shopping & more
437 Grassie Boulevard — 2 amenities found within 500 m, across 1 categories, including 2 parks (nearest 269 m).
Grassie · WPS public data · 2026
Annual incidents
5
2026
vs. city avg
-83%
relative to avg
Year-over-year
▼ -95%
vs. prior year
Primary type
Property
60%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 8% | Bottom 20% | Top 19% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 437 Grassie Boulevard
Section 1: Key Characteristics & Appeal
This condominium at 437 Grassie Boulevard stands out for its exceptionally spacious living area of 2,246 sqft, which places it in the top 1% of all Winnipeg homes. Built in 2014, it is a modern property with an above-average assessed value for the city. Its primary appeal lies in offering substantial square footage—more than double the average for comparable homes on its street and city-wide—within a newer, low-maintenance condo structure. This unique combination is rare in the market.
The property would best suit buyers who prioritize space and modern construction but want to avoid the upkeep of a single-family home. It’s ideal for empty-nesters seeking to downsize from a larger house without sacrificing room for family visits or hobbies, or for professionals desiring a generous, turn-key living space. A less obvious perspective is its value for those interested in "right-sizing": gaining a newer, more efficient building without compromising on the sense of space typically found only in older, more maintenance-heavy properties.
Section 2: Frequently Asked Questions
1. How does the condo fee impact the value proposition?
While the listing details provided do not include the monthly condo fee, this is a critical factor. Given the large square footage and modern build, prospective buyers should inquire about the fee, what it covers, and the health of the condo reserve fund to fully assess the total monthly cost.
2. Why is the assessed value higher than many nearby properties?
The assessed value of $36,200k reflects both the modern build year (2014) and the significant living area. It ranks well above average for its immediate street and the city, aligning more closely with the average for the broader Grassie area, suggesting the size and age justify the valuation.
3. What does the sale history indicate?
The property last sold between $305,000 and $335,000 in early 2019. Market conditions have changed since then, but this history provides a benchmark. The current assessed value is reasonably consistent with that sale range, indicating stable municipal assessment.
4. Is the lack of a basement a drawback?
The listing specifies "Basement: No." For some buyers, this means less storage or utility space. However, the elite living area (2,246 sqft) on the main levels may fully compensate for this, making it a non-issue for those who prioritize above-ground square footage over a cellar.
5. How does it compare to a similarly priced single-family home?
At this price point, a single-family home in Winnipeg would likely be older and require more maintenance. This condo offers a newer build (2014) and freedom from exterior upkeep, but in exchange for condo rules and fees. The trade-off is modern convenience and space versus the autonomy of a detached house.
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