Property Summary: 308 Reg Wyatt Way, Grassie, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home, built in 2008, presents a balanced offering in Winnipeg's Grassie neighbourhood. Its primary appeal lies in its above-average living space (1,821 sq ft) compared to both the local area and the wider city, paired with a recently renovated basement that adds functional space. The attached garage and a standard residential lot size round out the practical features.
The home’s value proposition is one of solid, middle-ground positioning. Its assessed value and recent sale prices consistently rank in the top third for the Grassie area, suggesting it is viewed as a desirable asset within its immediate market. However, within its own street, it sits closer to the average, indicating it fits seamlessly into an established, modern subdivision of similar homes. This makes it less of a standout bargain but also reduces the risk of being over-improved for the area.
This property would suit buyers looking for a move-in ready, low-maintenance home from the 2000s era, who prioritize interior space over an exceptionally large yard. It’s a strong candidate for young families or professionals seeking a stable community feel in Grassie, without the premium often attached to newer or custom-built homes. A thoughtful perspective is that its consistent "above-average" citywide rankings in size and value, against an older Winnipeg housing stock, offer a built-in equity cushion that purely local comparisons might not reveal.
Section 2: Frequently Asked Questions
1. How does this home truly compare to others on the street?
The data shows it is very typical for Reg Wyatt Way. Its living area, year built, and assessed value all rank near the middle of the 143 comparable properties on the same street, meaning it is a representative home in a uniform, modern subdivision.
2. What does the "renovated basement" likely entail?
While specifics aren't listed, a basement renovation in a 2008 home typically suggests finished living space such as a rec room, additional bedrooms, or a home office, adding to the home’s functional square footage beyond the main living area.
3. Is the assessed value a reliable indicator of the sale price?
The home has sold for significantly more than its assessed value in recent transactions (e.g., ~$60k-63k vs. a $51.9k assessment). This is common and indicates strong market demand in Grassie, meaning buyers should expect the sale price to be guided by recent comparable sales, not the assessment.
4. What are the less obvious pros and cons of the lot size?
At just over 5,000 sq ft, the lot is slightly smaller than the Grassie average. This means lower maintenance, which is a plus for many, but may limit expansion possibilities or the desire for extensive landscaping compared to some neighbouring properties.
5. Who might this home not suit?
Buyers seeking a unique character home, a large outdoor space, or a property that stands out significantly from its neighbours may want to look elsewhere. Its appeal is in its consistency and community fit, not in distinctive features.