Property Overview
This one-storey home at 250 Grassie Boulevard in Winnipeg's Eaglemere neighborhood is a practical property that presents a specific value proposition. Built in 1961, it features 1,043 sqft of living space, a renovated basement, and a detached garage. The home sits on a notably large 7,296 sqft lot, which is well above average for both the city and the immediate area. While the house itself is modest in size and older than many in Eaglemere, its 2019 sale price of $275,000 was significantly below the assessed value averages for the street and neighborhood at that time.
Key Characteristics & Appeal
The primary appeal of this property lies in its land value and potential. The lot size is a standout feature, offering ample outdoor space and future possibilities that are rare in many city neighborhoods. The renovated basement adds functional living space. Its appeal is grounded in practicality rather than luxury, suiting first-time buyers, downsizers looking for a manageable single-level layout, or investors seeking a property with a value driven more by its land than its existing structure. A thoughtful perspective is that this home represents an entry point into a neighborhood where most properties are larger and newer, offering a chance to live in the area with a lower initial investment, albeit in a home that may require updates.
Frequently Asked Questions
1. How does the home's size compare to others?
At 1,043 sqft, the living area is below the average for both Grassie Boulevard and the wider Eaglemere area, but is closer to the citywide average for homes.
2. Is the large lot typical for the area?
No, the 7,296 sqft lot is significantly larger than the average lot in Eaglemere and citywide, making it a key asset of this property.
3. What does the assessed value indicate?
The assessed value is below average for the immediate street and neighborhood, but around the middle range compared to all Winnipeg homes. This often reflects the older age and smaller size of the home relative to its neighbors.
4. When was it last sold and for how much?
The property last sold in October 2019 for $275,000.
5. What are the home's main features?
It is a one-storey (bungalow) style home built in 1961, with a renovated basement, a detached garage, and no pool.