Property Overview: 1562 Concordia Avenue E, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in Grassie presents a compelling mix of modern comfort and strong value. Built in 2008, it offers 1,637 sqft of living space with a renovated basement and an attached garage. Its key appeal lies in its standout assessed value and efficient use of space. While the lot size is more compact compared to area averages, this translates to less exterior maintenance. The home’s living area is generously sized for its neighborhood, ranking in the top 13% on its street.
The property’s financial metrics are particularly notable. It holds an elite "Top 3%" ranking for assessed value on Concordia Avenue E, suggesting it is viewed as a high-value asset relative to its immediate peers. Recent sold price history also indicates strong, above-average market performance. This combination of a modern(ish) build, renovated basement, and robust valuation makes it a practical and financially sound choice.
It would suit buyers looking for a move-in ready home without the upkeep of a large yard, such as young professionals, small families, or downsizers seeking single-level living (main floor primary bedroom) with extra basement space. It’s a property for those who prioritize interior space and value retention over expansive outdoor land.
Section 2: Frequently Asked Questions
1. Is the lot size a disadvantage?
While below the area average, the compact lot means lower maintenance costs and less time spent on yard work. It maximizes the living space on a efficient footprint, which can be a benefit for many lifestyles.
2. How does the assessed value compare to the likely selling price?
The assessed value ($48.5k) is a municipal tax valuation. The home's recent sold price history (e.g., $51.5k-$54.5k in 2023) consistently trends above this figure and above area averages, indicating strong market value.
3. What does the "Top 3%" ranking for assessed value mean?
This means that on its own street, only about 3% of comparable homes have a higher assessed value. It signals that this property is considered a premium asset on Concordia Avenue E, which can be a positive indicator for long-term value.
4. The home is 18 years old. What might need attention?
While modern, a 2008 build means key components like the roof, HVAC system, and major appliances may be nearing or entering their typical replacement windows, so a thorough inspection is advised.
5. What is the neighborhood (Grassie) like for amenities?
Grassie is a residential neighborhood in Winnipeg. Prospective buyers should research proximity to specific schools, transit routes, and shopping corridors, as the data provided focuses on property metrics, not community amenities.