Property Overview: 120 Orum Drive, Grassie, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in Grassie presents a practical and comfortable living proposition. Its key appeal lies in a combination of generous outdoor space and a modern build date within a stable neighbourhood. At 1,221 sqft, the living space is modest for the immediate area but is efficiently laid out across a single level, complemented by a renovated basement that adds functional space. The attached garage provides convenience.
A standout feature is the large 7,319 sqft lot, which is significantly above average for the street, neighbourhood, and city. This offers substantial private outdoor space—a valuable asset for gardening, recreation, or future expansion. Built in 1999, the home is newer than most in Winnipeg, suggesting potentially fewer major age-related concerns compared to older stock. The recent sale history indicates stable, predictable value in its market segment.
This property would suit first-time buyers or downsizers seeking single-level living without sacrificing yard size. It’s also a match for value-conscious buyers who prioritize land size and a newer construction date over having the largest interior footprint on the block. It represents a grounded choice in a mature community.
Section 2: Frequently Asked Questions
1. How does the home’s size compare to its neighbours?
The living area is somewhat smaller than the average home on Orum Drive and in the wider Grassie area. However, it is very close to the average size for the entire city, making it a typically sized Winnipeg home in a neighbourhood of slightly larger comparables.
2. What is the significance of the lot size?
The lot is a major positive, ranking in the top 15-20% across all comparison levels. You are getting more land than most properties nearby, which is a permanent advantage that adds to privacy, utility, and long-term value.
3. The assessed value seems low. Is this accurate?
The assessed value is for municipal tax purposes and is not market value. The home’s recent sold price provides a clearer picture of its actual market value. Its assessment is average for the local area but ranks well above average citywide, reflecting the relative desirability of the neighbourhood.
4. What does the "above average" year built mean for me?
Built in 1999, the home is newer than approximately 82% of homes in Winnipeg. This often translates to building materials, electrical, and plumbing systems that meet more modern standards, potentially reducing the need for immediate major updates.
5. Who would this property not suit?
Buyers seeking a large interior space or a brand-new, move-in-ready home with high-end finishes may find it limiting. The appeal here is in the land, the solid foundation of a relatively newer build, and the value proposition in a established area, rather than in expansive square footage or luxury appointments.