Property Summary: 181 Reg Wyatt Way, Grassie, Winnipeg
Key Characteristics & Appeal
This two-storey home, built in 2010, offers a practical and modern living space in Winnipeg's Grassie neighborhood. Its key appeal lies in its balance of above-average interior space and a relatively recent build year, set against a value-conscious assessment.
The 1,902 sqft living area is notably spacious, ranking within the top 16% for the Grassie area and the top 13% city-wide, offering more room than many comparable homes. Built just 16 years ago, it is a newer property in its local context, which often translates to modern building standards and less immediate need for major updates. The home features an attached garage and a basement (not renovated), providing flexible storage or future development space.
A thoughtful perspective is its efficient footprint. While the 4,301 sqft lot is smaller than many in the immediate area, this can mean less yard maintenance and a more manageable outdoor space—a potential benefit for busy professionals or those seeking a lock-and-leave lifestyle. The assessed value positions the property as a solid, mid-range option in its neighborhood, suggesting it may offer good value without the premium of the largest lots.
This home would suit buyers prioritizing move-in-ready, modern space over extensive land. It’s well-matched for growing families needing the room, professionals who appreciate a newer build with less upkeep, and value-oriented buyers looking for above-average square footage in a established community.
Frequently Asked Questions
1. How does the property’s value compare to nearby sales?
Based on available data, the last known sale was in April 2020 in the $39.5k - $42.5k range. Its current assessed value of $51.10k is around average for Reg Wyatt Way but above average when compared city-wide, indicating steady appreciation in line with the broader market.
2. Is the lot size a disadvantage?
It depends on your priorities. The lot is smaller than many direct neighbors, which limits extensive landscaping or large outdoor recreation space. However, it requires less maintenance and can be a cost-effective choice for those who value indoor living space and simplicity.
3. What does "basement not renovated" imply?
The basement is finished but has not been recently updated. It provides functional extra space but may have older finishes or systems. Buyers should factor in its current condition versus the potential and cost to renovate it to their taste in the future.
4. How does this home rank for space in Winnipeg?
Very well. With 1,902 sqft of living area, this home offers more space than approximately 87% of all homes in Winnipeg, making it a notably spacious option within the city.
5. What is the neighborhood context for this property?
In the Grassie area, this home is above average for living space and build year. It sits on a street of relatively newer homes (average build year ~2009), where its assessed value and living area are both competitive and typical for the street.