Property Overview

This home, located on Filbert Crescent in the Grassie area of Winnipeg, offers 1,604 square feet of living space and sits on a notably large lot of 7,954 square feet. Built in 1987, it carries an assessed value of $483,000.

Key Characteristics & Appeal
The property’s strongest asset is its land. The lot size ranks in the top 15% on the street, top 13% in the area, and top 11% citywide. For buyers who value outdoor space, gardening, or the potential for future expansion, this is a clear differentiator. The living area is above average—roughly 250 square feet more than the citywide median—and the home is newer than many in the surrounding neighbourhood (though not exceptionally so for the street itself). The assessed value reflects the size and land premium, positioning it in the top quarter of homes across Winnipeg.

Who It Would Suit
This property is best suited for buyers who prioritize lot size and living space over a turn-key modern interior. Families looking for room to spread out, or those who want a yard that allows for sheds, playsets, or a garden, will find immediate value. It may also appeal to buyers with an eye on long-term appreciation, as large lots in established areas tend to hold value well. Someone less concerned with recent finishes or trend-driven design, and more focused on space and location, would be a natural fit. It is less ideal for buyers seeking a low-maintenance, zero-yard lifestyle or a home that feels brand-new.

Frequently Asked Questions

1. How does this home compare to others on Filbert Crescent?
It ranks in the top third for both living area and assessed value on the street. The most standout metric is the lot size, which is the largest differentiator—it’s in the top 15% of the street and nearly double the average lot size in some nearby areas.

2. Is the assessed value of $483,000 realistic for this area?
The assessed value is above average for the street and just slightly above the Grassie-area average. Citywide, it’s in the top 23%, which suggests strong relative value. Keep in mind assessed value is a benchmark, not a firm market price, but it indicates the home is considered above standard for its immediate surroundings.

3. Why is the year built ranked low for the Grassie area but high citywide?
The Grassie area has a mix of newer developments, so a 1987 build falls into the bottom quarter locally. However, compared to the full inventory of Winnipeg homes, a late-80s build is still newer than three-quarters of the city’s housing stock. It’s a solid, well-established home, not an old one.

4. Does the large lot come with any practical considerations?
Yes. A 7,954-square-foot lot means more yard maintenance—mowing, snow clearing, and general upkeep. It also offers flexibility: room for a garage addition, a workshop, or outdoor entertaining. Buyers should consider whether they want active outdoor space or are comfortable with the ongoing care a large lot requires.

5. What are the key risks or trade-offs a buyer should think about?
The main trade-off is age and potential updates. A 1987 home may need mechanical or cosmetic upgrades depending on prior maintenance. The large lot could also mean higher property taxes relative to smaller, newer homes in the same price range. Buyers should factor in inspection findings and compare ongoing costs with smaller-lot alternatives in the area.