Property Overview: 3 Radley Bay, Grassie, Winnipeg
Section 1: Key Characteristics & Appeal
This is a well-maintained bi-level home built in 1986, offering 1,027 sqft of living space on a roughly 5,000 sqft lot. Its key features include a renovated basement and a detached garage. The home’s primary appeal lies in its position as a competitively priced and manageable property within the established Grassie neighbourhood. While its living space is below the average for the immediate area, this translates to a lower assessed value, presenting an accessible entry point.
The property would suit first-time buyers or downsizers seeking a solid, no-fuss home without a premium price tag. It’s for those who value a renovated basement for extra living space and prefer the flexibility of a detached garage. A thoughtful perspective is that this home represents a "value-consistent" purchase—its metrics (size, value, year built) consistently hover around or below the local averages, suggesting it’s priced accordingly without unexpected premiums, which can be a prudent find in a stable neighbourhood.
Section 2: Frequently Asked Questions
1. Is the home significantly smaller than others nearby?
Yes. At 1,027 sqft, the living area ranks in the bottom 10% for the Grassie area, meaning most comparable homes nearby are larger. This is a key factor in its accessible pricing.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. Buyers should inquire about the finish quality, permits, and the nature of the renovations (e.g., cosmetic updates versus structural changes).
3. How does the assessed value compare to recent sale prices?
The home is currently assessed at $38,600. For reference, it last sold in late 2021 for an estimated $34,500–$37,500. This suggests the assessment is relatively aligned with its recent market value.
4. What are the implications of a detached garage?
A detached garage offers flexibility for workshops or storage separate from the house but requires going outdoors to access. It may also present different insurance considerations or future redevelopment potential for the lot compared to an attached structure.
5. Is the property older than most in Winnipeg?
Interestingly, no. While it is older than many homes in the broader Grassie area, citywide, a 1986 build date is actually newer than about 73% of Winnipeg homes. It represents a middle-ground in terms of overall city housing stock age.