Property Overview & Key Characteristics
This two-storey home at 11 Golis Bay in Winnipeg's Grassie neighbourhood presents a well-maintained, modern property built in 2010. Its key appeal lies in its balance of space, recent updates, and strong relative value within the market. The home features 1,856 sqft of living space on a generous 5,983 sqft lot, with the added benefit of a renovated basement and an attached garage.
The property stands out for its solid positioning in key metrics. It ranks in the top third of Winnipeg for both assessed value and living area, suggesting it offers more space and perceived value than many city homes. Notably, its assessed value is in the top 15% for the Grassie neighbourhood, indicating it is considered a higher-value property in the area. This creates an interesting dynamic: it's a premium home within its immediate community but remains accessibly priced in the broader Winnipeg context. The fully renovated basement adds functional living space and modern appeal without the need for immediate projects.
This home would suit buyers looking for a move-in ready, modern family home in a stable neighbourhood. It’s ideal for those who value space—both indoors and on the lot—and appreciate a property that holds a strong position in its local market. It would also appeal to value-conscious buyers who see the advantage in a home with a higher-than-average assessment for the area, potentially viewing it as a sound long-term holding.
Frequently Asked Questions
1. How does the assessed value compare to the likely asking or selling price?
The home has an assessed value of $55,600, which ranks in the top 25% on its street and top 15% in Grassie. It's important to note that assessed value is for municipal tax purposes and is typically lower than market value. The last known sale was in 2016 for $413,000.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated, but specifics on the finish quality, layout, or permits should be verified through a viewing and by asking the seller or their agent for details.
3. The home is newer than many in Winnipeg, but how does it compare to others on the street?
Built in 2010, the home is newer than about 64% of properties on its own street, ranking 23rd out of 36 for year built. This means it's a relatively modern home on a street with a mix of older and newer properties.
4. Is the lot size a significant feature?
Yes. At nearly 6,000 sqft, the lot is larger than approximately 75% of properties on Golis Bay, offering above-average outdoor space for the immediate area.
5. What is the context of the provided "Sold" price from 2016?
The home sold for $413,000 in October 2016. This historical data point is useful for understanding past market value, but current conditions, updates made since then, and overall market changes mean the current value will be different.