Property Overview & Key Characteristics
This 1987 bi-level home at 1610 Concordia Avenue E in Winnipeg's Grassie neighbourhood presents a compact, no-frills living opportunity. With 866 square feet of living space and a renovated basement, it is notably smaller than most homes on its street and in the wider area. Its key appeal lies in its affordability and efficiency, underscored by a very low municipal assessed value. The lot size is average for the street but smaller than typical lots in Grassie.
This property would suit first-time buyers or investors seeking an entry point into the market with minimal overhead. It’s also a practical fit for those who prioritize low property taxes and a simplified lifestyle over spaciousness. A less obvious perspective is its potential for someone needing a primary residence with a separate, renovated basement space for a home office or supplemental rental income, given its efficient use of a smaller footprint.
Frequently Asked Questions
1. Why is the assessed value so much lower than the citywide average?
The assessed value is based on the property's characteristics, including its below-average living area and lot size for the Grassie area. It reflects a valuation for a modest, efficient home rather than a direct comparison to larger, standard single-family houses.
2. What does "below average" for living area mean in practical terms?
With 866 sq ft, the home's living space is significantly less than the average home on Concordia Avenue E (~1,233 sq ft) and in Grassie (~1,524 sq ft). This indicates a compact layout, suggesting efficient use of space and lower utility costs.
3. Is the renovated basement included in the living area square footage?
Typically, municipal living area (sq ft) calculations do not include below-grade spaces like basements, even if they are renovated. The 866 sq ft likely refers to the above-grade living area, with the basement providing additional functional space.
4. How recent was the last sale, and what was the price?
The home sold in January 2019. The exact sold price is not publicly listed, but data indicates a range of approximately $24.5k to $27.5k at that time. The exact figure can be requested from the listing provider.
5. What are the implications of having no garage?
The lack of a garage means relying on street parking or the potential to add a driveway or shelter, subject to local bylaws. This is a common feature in older, compact neighbourhoods and contributes to the lower maintenance and cost profile of the property.