Property Overview: 144 Orum Drive, Grassie, Winnipeg
Key Characteristics & Buyer Profile
This is a practical, single-storey home built in 1999, offering a renovated basement and an attached garage. With 1,182 sqft of living space, it is a comfortably sized home that sits on a notably generous 6,835 sqft lot for the area. The appeal here is grounded in balance and efficiency. While the living space is modest compared to immediate neighbours, the property holds its own with an above-average citywide assessed value and a land parcel that provides ample outdoor space and potential. Its recent sale history suggests a stable, established value.
This home would suit first-time buyers or downsizers looking for a manageable, single-level layout without sacrificing yard size. It’s also a sensible fit for value-conscious buyers who prioritize a renovated basement for extra living space and a larger-than-typical lot in a mature neighbourhood over having the largest house on the street.
Frequently Asked Questions
1. How does the size of this home compare to others nearby?
The living area is below the average for both Orum Drive and the wider Grassie area, making it a more compact option. However, its assessed value is competitive locally and strong citywide, indicating the home’s condition and lot size contribute positively to its worth.
2. What is the significance of the lot size?
At 6,835 sqft, the lot is substantially larger than many in Grassie and across Winnipeg. This is a key feature, offering more privacy, room for gardening, play space, or future additions like a shed or deck.
3. The assessed value seems low compared to the city-wide average mentioned. Why?
The city-wide average comparison in the data includes homes of all types and ages. The more relevant figures are the local comparisons: the assessed value is very close to the averages for both Orum Drive and the Grassie area, confirming it is appropriately valued for its specific market.
4. What can the past sale price tell me?
The home sold in mid-2019 for between $305,000 and $335,000. This provides a benchmark for its market value at that time, which is useful for understanding longer-term value trends in the area.
5. Who would benefit most from the renovated basement?
The renovated basement adds valuable flexible space. It’s ideal for a growing family needing a rec room or home office, an entertainer wanting a second living area, or anyone looking for potential for a separate suite (subject to municipal regulations).