Property Overview & Key Characteristics
This two-storey home at 279 Reg Wyatt Way in Winnipeg's Grassie neighbourhood presents a practical and comfortable living space. Built in 2008, it offers nearly 2,000 square feet of living area on a generous 4,714 sqft lot, with an attached garage and a renovated basement. Its appeal lies in its established yet modern feel within a mature area, offering more space both indoors and on the property compared to many newer builds. The data suggests a home that has been well-maintained and updated, as evidenced by the basement renovation and a significant sale price increase in 2022 that far outpaced its assessed value.
This property would suit buyers looking for a move-in ready family home in a settled community, who value larger lot sizes and the potential of a finished basement for extra living space. It’s a solid choice for those who appreciate a home with a recent history of value growth and who may prefer the character of a neighbourhood that has grown in over nearly two decades, rather than a brand-new development.
Frequently Asked Questions
1. How does the recent sale history affect the current asking price?
The home sold for $66,900 in May 2022, which was in the top 1% of sales for its street and neighbourhood at that time. This indicates strong buyer demand and likely reflects the condition and updates of the home. Any current listing price will be influenced by this recent high-value sale, market trends since 2022, and the home's assessed value of $53,700.
2. Is the lot size a significant feature?
Yes. At 4,714 sqft, the lot is larger than approximately 80% of others on its street. This provides above-average outdoor space for the immediate area, which is a valuable asset for families, gardening, or outdoor entertaining, especially in a neighbourhood where properties are now nearly 20 years old and land may be at a premium.
3. What does the "renovated basement" typically imply?
While specifics aren't listed, a renovated basement in a home of this age usually means the lower level has been finished into a livable space, potentially adding extra bedrooms, a family room, or a home office. It’s a key feature that adds functional square footage and modern appeal beyond the original build.
4. How does this home compare to others in Grassie?
The home ranks in the top 21% for lot size in the broader neighbourhood, but its living area is in the top 15%. This suggests it offers more interior space than many nearby homes, but its true standout is the lot dimensions. It is newer than about 64% of homes in Grassie, positioning it as a relatively modern property in the area.
5. Are the property taxes likely to be based on the assessed value or the recent sale price?
Property taxes are calculated using the City's assessed value ($53,700), not the sale price. However, a sale price significantly higher than the assessment can sometimes trigger a reassessment in future cycles. Buyers should budget for taxes based on the current assessed value while understanding it may be adjusted in the future.