Property Overview
This 784 sqft condo at 12-226 Grassie Boulevard in Winnipeg’s Eaglemere neighbourhood presents a specific value proposition. Built in 2016, it is notably newer than most comparable properties in its immediate area, offering modern construction in an established setting. Its assessed value is relatively modest for the city and street, yet it ranks lower within its own condo complex and neighbourhood for both size and value. The home last sold in 2022 for $210,000.
Its appeal lies in its efficiency and modern fundamentals. It suits first-time buyers seeking an affordable entry into homeownership with newer building systems, or downsizers looking for a low-maintenance, contemporary condo without a premium price tag. A thoughtful perspective is that this unit offers modern quality of life (2016 build) but trades space for it, positioning it as a practical, "right-sized" choice rather than a spacious one.
Key Questions & Answers
1. Is this a good value for the money?
The data suggests a mixed picture. The assessed value is around the city average, but the sale price from 2022 was above average for the neighbourhood. Value here is likely tied more to the modern build year (2016) than to square footage, which is below average in all comparisons.
2. What does the build year (2016) mean for me?
A 2016 construction is a significant advantage. It typically means newer appliances, modern building codes, and potentially lower immediate costs for repairs or updates compared to much older buildings in the area, which average from the 1990s.
3. Why is the assessed value lower than many neighbours in Eaglemere?
The assessed value is specific to this unit. Its lower ranking within Eaglemere is likely due to its smaller size (784 sqft) compared to the neighbourhood average, and possibly its specific location within the condo complex or its suite features.
4. Who would this property suit best?
It’s well-suited for individuals or couples who prioritize newness and low maintenance over space. First-time buyers, downsizers, or investors seeking a modern, affordable condo would find it aligns with their needs. It’s less ideal for those requiring more room or for whom square footage is the top priority.
5. What are the immediate next steps if interested?
A crucial step is to review the condo corporation’s status certificate, financials, and bylaws. This will detail monthly fees, the reserve fund health, and any rules or pending special assessments, which are essential for understanding the full cost and lifestyle fit.