Property Overview
This single-storey home at 109 Skowron Crescent in Winnipeg's Grassie neighborhood presents a specific value proposition. Its key appeal lies in the balance between a modest, renovated living space and a generously sized lot. With 1,009 sqft of living area, the house itself is notably compact compared to most in the immediate area and the broader city, suggesting a home suited for efficient living or a smaller household. However, this is offset by a land area of over 7,100 sqft, which is well above average for the street, neighborhood, and city. This combination points to a property where the value is anchored in the land itself, with the house serving as a functional dwelling.
The home would likely suit first-time buyers, downsizers, or investors seeking a property with a lower entry point in terms of assessed value, particularly those who prioritize outdoor space or future potential over immediate square footage. The renovated basement adds practical living space. A less obvious perspective is that this property, built in 1990, is newer than most in Winnipeg but is average for its specific area, indicating a stable, established streetscape without the premium or challenges associated with much older or newer construction.
Frequently Asked Questions
1. Is the house too small?
At 1,009 sqft, the living area is below average for Grassie and the city. It is a compact, efficient layout best suited for individuals, couples, or small families. The renovated basement provides additional functional space.
2. What is the main advantage of this property?
The primary advantage is the land. The lot size of 7,133 sqft is significantly larger than typical lots in the area, offering ample backyard space for gardening, recreation, or future expansion, which is a rare find in this price segment.
3. How does the assessed value compare?
The assessed value is below average for Skowron Crescent and Grassie, but aligns closely with the Winnipeg citywide average. This suggests the property is priced accessibly within its immediate market, with its value bolstered by the larger lot.
4. What does the sale history indicate?
The home sold in July 2020 for an estimated $27.5k to $30.5k. This historical price point, significantly lower than the current assessed value, indicates a period of substantial market appreciation over the last five years.
5. Are there any obvious drawbacks?
The home has no garage, which is a consideration for vehicle storage or workshop space. Buyers should also consider that while the house is renovated, its overall size is fixed, so any significant space needs would require an addition.