Property Overview: 274 Jacques Avenue, Grassie, Winnipeg
Key Characteristics & Appeal
This is a well-maintained, single-storey home built in 1997, featuring a renovated basement and an attached garage. With 1,137 sqft of living space, it is a more compact option on its street and in the immediate Grassie neighbourhood, but it sits close to the city-wide average for home size. Its true standout feature is its financial profile. The property’s assessed value is notably strong city-wide, ranking in the top 27%, which suggests a valuation that has held up well compared to many Winnipeg homes. This is paired with a very generous 6,247 sqft lot, which is above average for the city, offering ample outdoor space.
The appeal here is one of balance and practicality. It suits first-time buyers or downsizers looking for a manageable, modern layout without a sprawling footprint, but who still value a large yard. The renovated basement adds flexible living space. From an investment perspective, its above-average city-wide assessment and consistent historical sold price growth indicate a property in steady demand. It’s a home that offers a private outdoor retreat on a sizable lot, while the numbers suggest a history of stable value in the broader market.
Frequently Asked Questions
1. Is the living area too small for the neighbourhood?
While the home is below the average size for Jacques Avenue and Grassie, it is very close to the Winnipeg city-wide average. This can be an advantage for those seeking efficient, easier-to-maintain spaces without paying for square footage they don’t need.
2. What does the “above average” city-wide assessed value mean for me?
It generally indicates that the property’s official valuation is strong compared to most homes in Winnipeg. This can be a positive sign for equity and resale value, but it’s important to review recent comparable sales for the most accurate current market picture.
3. How recent is the basement renovation?
The listing confirms the basement is renovated, but the specific date and scope of the work are not provided. This would be a key question for the seller or their agent to understand the quality and extent of the updates.
4. The home sold several times in the last decade. Is that a concern?
The sold price history shows steady appreciation from 2016 to 2023, which is typically a positive sign of a desirable property in a moving market. The turnover may reflect typical life changes of previous owners rather than an issue with the home itself.
5. Who would this property suit best?
It’s an excellent fit for pragmatic buyers: first-time homeowners who want a large yard and a modern, manageable home; downsizers looking to maintain garden space without a large house to care for; or value-focused buyers attracted by the solid assessment and lot size combination.