Property Overview: 1518 Concordia Avenue E, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in Grassie offers a practical and modern living space. Built in 2007, it is a relatively newer property compared to the Winnipeg average, suggesting fewer immediate concerns with aging infrastructure. Its key strength is its above-average living space (1,660 sq ft), which provides more room than most homes on its street and across the city. The attached garage is a practical feature for prairie winters.
The appeal lies in its balance of modern convenience and value. The home sits on a smaller lot (4,210 sq ft), which may be a plus for buyers seeking lower maintenance without sacrificing interior space. Its assessed value positions it as a solid, mid-range property in the area. This home would suit first-time buyers or small families looking for a move-in-ready house from this century, as well as value-conscious buyers who prioritize interior square footage over extensive yard work.
A less obvious perspective is its potential as a long-term hold in a neighbourhood with a mix of older and newer homes, where its modern build year could remain a relative advantage. The data suggests you're buying more house for your money here, with the trade-off being a more compact yard.
Section 2: Frequently Asked Questions
1. How does the property's size compare to the neighbourhood?
The home's living area is notably larger than average for Concordia Avenue E and the wider Grassie area, placing it in the top 12% and 36% for space, respectively. However, the lot size is smaller than most in the neighbourhood.
2. What is the significance of the 2016 sale price shown?
The listed sale price from 2016 (approximately $32.5k - $35.5k) is a historical data point. It should not be used as a current value indicator but to understand past market activity. The current assessed value is $45,400.
3. Is the basement finished?
According to the provided details, the basement exists but is noted as "not renovated." Buyers should budget for potential finishing or use it as-is for storage and utilities.
4. How does the build year affect this home?
Built in 2007, the home is newer than the typical Winnipeg house (citywide average build year is 1966). This often translates to modern building codes, materials, and potentially lower maintenance costs in the near term.
5. Who are the most likely buyers for this property?
This home is well-suited for buyers seeking a modern, spacious interior without the upkeep of a large yard. It appeals to first-time homeowners, small families, and those looking for a practical, turn-key property in the area.