Property Overview: 259 Grassie Boulevard, Eaglemere, Winnipeg
Key Characteristics & Appeal
This one-storey home, built in 1957, presents a classic opportunity centered on its exceptional lot. The nearly two-thirds of an acre (29,007 sqft) land parcel is its defining feature, ranking in the top 1% within the Eaglemere area and citywide. This offers rare potential for expansion, gardening, or outdoor recreation in the city. The 1,656 sqft living area is comfortably above average for the street and city, providing good interior space.
The home’s appeal lies in its balance of a sizable, well-maintained house on a truly premium lot, at an assessed value that is around the citywide average. It suits buyers who prioritize land over a turn-key modern interior, as the basement is noted as unrenovated. It’s an ideal match for a handy buyer or long-term planner who sees value in the lot’s potential—whether for future additions, a garden, or simply ample private space—and is prepared to update the home over time. While older than most on its street, the property offers a chance to own a standout piece of land with a solid, functional home in a well-established neighbourhood.
Frequently Asked Questions
1. What does "basement not renovated" typically imply?
It usually indicates the basement is in original or functional condition, possibly with older finishes, mechanicals, and layout. It represents both a project and an opportunity to customize the space to a new owner's needs.
2. The home is older than most on the street. Should I be concerned?
This is a key consideration. While it may require more diligent inspection for foundational and systemic updates (roof, wiring, plumbing), it also often means the home was built during a period of generous lot allocations, which is clearly the case here.
3. How does the assessed value compare to the last sale price?
The home was last sold in September 2021 for $450,000. The current assessed value is $400,000. Market conditions, updates made (or not made) since 2021, and the city's assessment methodology can all contribute to this difference.
4. Is the detached garage a pro or a con?
This depends on preference. A detached garage offers flexibility (e.g., for a workshop) and can reduce noise in the house, but it is less convenient in Winnipeg winters than an attached garage.
5. The lot is large, but what are the actual costs and benefits?
Benefits include unparalleled privacy, space for activities, and future development potential (subject to zoning). Costs include higher property taxes relative to smaller lots, more extensive lawn maintenance, and potentially higher costs for fencing or landscaping.