Property Overview: 31 Reg Wyatt Way, Grassie, Winnipeg
Key Characteristics & Appeal
This is a well-maintained, modern family home built in 2008, offering 1,750 sqft of living space with a renovated basement and an attached garage. Its primary appeal lies in its strong, above-average positioning within the broader market. While the lot size is more compact compared to immediate neighbors, the home itself ranks highly for its assessed value and living area when viewed against the wider city and Grassie area, suggesting a solid investment in the structure and interior space. The recent basement renovation adds immediate move-in appeal and functional space.
The property would suit practical buyers looking for a modern home without the concerns of an aging structure. It’s ideal for small families or professionals who value interior space and updates over expansive yard maintenance. The data indicates it offers a compelling balance: you’re acquiring a home that stands out for its value and size in the city-wide context, while accepting a more standard lot for the street—a sensible trade-off for those prioritizing the home itself over land.
Frequently Asked Questions
1. How does the lot size impact the property?
The land area is below average for the immediate street and Grassie area. This typically means less exterior maintenance and a smaller yard, but it may limit expansion possibilities or extensive landscaping projects.
2. What does the "above average" assessed value ranking mean?
The home’s assessed value is in the top 15-27% compared to similar homes in Grassie and on its street. This generally indicates the municipal assessment views the property favorably relative to its peers, often reflecting the home’s condition, updates, and desirability.
3. Is the sold price history from 2020 relevant today?
While it shows historical market activity, the price from early 2020 is primarily useful for understanding the property’s past, not its current market value. Significant market shifts and the subsequent basement renovation have likely altered its value.
4. What are the implications of the home being "around average" for year built on the street?
With a 2008 build, the home is among the newer properties in a neighborhood of similarly aged houses. This suggests you’re buying into a settled, modern subdivision where major community infrastructure is established, and you’re unlikely to be surrounded by ongoing construction.
5. Who should consider requesting the exact sold price history?
Serious buyers who are conducting detailed comparative market analysis should request this. Having the precise figure, rather than the published range, allows for the most accurate comparison when evaluating the seller’s current asking price.