Property Overview
This 770 sqft condo at 11-226 Grassie Boulevard in Winnipeg’s Eaglemere neighbourhood presents a specific, value-oriented profile. Built in 2016, it is notably newer than most comparable properties in its immediate area and across the city. Its key appeal lies in its modern build year paired with a below-average assessed value, offering a relatively affordable entry point into a newer, low-maintenance property. The living space is compact, ranking below average in size for its street and neighbourhood, which suggests efficiency over spaciousness.
It would best suit a first-time buyer, downsizer, or investor seeking a modern condo without a premium price tag. The data indicates you are paying primarily for the building's age and condition rather than square footage. A thoughtful perspective is that while the unit is smaller, its newness likely means lower immediate repair costs and potentially better energy efficiency compared to older stock in Eaglemere. However, its value ranks significantly lower within the neighbourhood itself, which could be a factor for long-term resale within that specific community.
Frequently Asked Questions
1. Is this condo a good value?
The data suggests it is a modern (2016 build) unit with an assessed value that is below the neighbourhood average. You are likely getting a newer property for a lower cost, but with less living space than many comparable homes.
2. Why is the assessed value so much lower than the Eaglemere average?
The primary reason appears to be the unit's smaller size (770 sqft). While it's a newer building, the condensed square footage brings down its assessed value relative to larger, sometimes older, homes in the area.
3. Who would this property not suit?
It may not be ideal for buyers who prioritize ample indoor space or who plan to work extensively from home. The below-average living area indicates a compact layout.
4. What does the sale history tell us?
The unit has sold three times since 2016, most recently in late 2023. This activity could indicate a building that appeals to investors or a transient resident population, which is worth investigating further.
5. How does it compare to others on the same street?
On Grassie Boulevard, this unit ranks as the newest (top 2%) but is below average in size. This unique combination means it stands out for its modern build on a street with generally older properties, but it offers less space.