Property score
76.7
Good
Overall 76.7 · Older than most nearby homes
1,379 sqft (bottom 41%) · Built in 1985 (15 yrs older than avg)
Located in a high-income area with median household income of ~112k
Transit 56.0 · 4-min walk to transit with 1 nearby route · Within 500m: 1 park nearby
Living Area
Near average
10% smaller than neighborhood avg.
Year Built
Below average
15 yrs older than neighborhood avg.
Mother tongue
English · 64%Punjabi · 13%
Past 10 years Grassie sales snapshot (~80% of all data)
454
528k
$376/sqft
2000
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76.7 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” (Detached houses (non-condo), 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 land area, larger = better rank
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
485 Grassie Boulevard — 1 amenities found within 500 m, across 1 categories, including 1 parks (nearest 361 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 5% | Top 11% | Top 11% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 485 Grassie Boulevard
Key Characteristics & Appeal
This well-situated one-storey home at 485 Grassie Boulevard presents a compelling blend of space, value, and potential. Built in 1985, its key physical attributes include 1,379 sqft of living area and a renovated basement, complemented by both an attached and a detached garage. The standout feature is the generous 12,496 sqft lot, which ranks within the top 5% of the Grassie area and top 3% city-wide, offering exceptional outdoor space and privacy rare for an urban setting.
The home’s appeal lies in its strong value proposition and versatility. With an assessed value significantly above average for its immediate street and above average city-wide, it represents a substantial asset in a stable location. The combination of a renovated basement, dual garages, and an elite-sized lot suggests a property that balances move-in readiness with long-term potential for expansion or landscaping projects. It would particularly suit buyers looking for a single-level living layout with ample yard space for families, gardening, or pets, as well as value-conscious purchasers who recognize the inherent worth of a large lot in a mature neighborhood. The data suggests it’s a property that outperforms many of its peers in terms of land and value, making it a prudent choice for both lifestyle and investment.
Frequently Asked Questions
1. How does the home’s value compare to recent sales?
The property last sold in July 2021 for an estimated range of $535,000 to $565,000. Its current assessed value of $491,000 is notably above the average for homes on Grassie Boulevard, indicating strong perceived value growth relative to its direct neighbors.
2. Is the lot size a major advantage?
Yes. The land area of nearly 12,500 sqft is a defining feature, placing it in the elite tier (top 5%) for the Grassie area. This is significantly larger than the typical city lot and offers uncommon potential for outdoor use, additions, or simply enjoying more private green space.
3. What does "renovated basement" typically include here?
While the listing confirms the basement is renovated, specific finishes and the scope of work are not detailed. This is a key point for discussion with the listing agent to understand the quality, layout, and whether it includes added bedrooms, a legal suite, or simply finished living space.
4. The home is older—should I be concerned about major systems?
Built in 1985, the home is around average age for its street but older than many in the broader Grassie area. Prospective buyers should prioritize a thorough inspection of major systems like the roof, HVAC, plumbing, and electrical, which may be nearing or past their typical lifespans.
5. Why are there two garages, and what condition are they in?
The property benefits from both an attached and a detached garage, offering exceptional storage or workshop space. The condition, size (e.g., single or double), and functionality of each structure should be verified, as this is a valuable but maintenance-bearing feature.
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