112 Reg Wyatt Way

Property Overview: 112 Reg Wyatt Way, Grassie, Winnipeg

Key Characteristics & Target Buyer

This home presents a specific value proposition centered on its modern build and efficient footprint. Built in 2010, it is a newer construction compared to most homes in Winnipeg, offering contemporary building standards without the premium of a brand-new build. With 1,481 sqft of living space, it is notably compact for its immediate street and neighborhood, but aligns more closely with the average citywide home size. This efficiency extends to the lot size, which is also more modest locally but average for the city.

Its primary appeal lies in its assessed value positioning. While it ranks below average for value on its own street, it sits above average citywide, suggesting a potentially attractive entry point into a well-regarded neighborhood like Grassie. The home includes an attached garage and a basement (unrenovated), providing functional space and storage. It would suit first-time buyers or downsizers seeking a low-maintenance, modern home in an established area, where they are comfortable with a cozier interior layout in exchange for a newer building and a strategic financial position relative to the broader market.

Frequently Asked Questions

1. Is the assessed value the same as the market value?
No, the assessed value is for municipal tax purposes. The market value is determined by what a buyer is willing to pay. The data shows this home's assessed value is high citywide but lower on its own street, indicating a complex valuation that requires current market analysis.

2. What does "below average" for living area on the street mean practically?
It means this home is physically smaller than most of its direct neighbors. This could translate to lower utility costs and less upkeep, but also less room for a growing family compared to other houses on Reg Wyatt Way.

3. The home sold in late 2020. How relevant is that price today?
The 2020 sale price is a historical data point. Market conditions have likely changed significantly. It's useful for understanding price progression but should not be relied upon as an indicator of current value.

4. What are the implications of an unrenovated basement?
It offers blank-canvas potential for future finishing to add living space, but any renovation would be an additional investment. It also means the mechanical systems and foundation are accessible for inspection.

5. Why does the year built rank so highly?
Winnipeg has a large stock of older homes. Being built in 2010 places this property in the top 11% newest homes citywide, a significant advantage regarding modern materials, building codes, and likely deferred maintenance.