Property Overview: 359 Reg Wyatt Way, Grassie, Winnipeg
Key Characteristics & Appeal
This two-storey home in Grassie presents a practical and well-maintained living space. Built in 2008, it offers a modern layout with 1,760 sqft of living area and a renovated basement, placing it above average in size for both the neighbourhood and the wider city. The attached garage adds everyday convenience. Its appeal lies in its solid, move-in-ready condition and its position in a relatively newer area of Winnipeg, suggesting fewer immediate major repairs compared to older city stock.
A notable characteristic is the lot size. At 4,285 sqft, the property sits on a more compact parcel compared to most in the immediate Grassie area. This could be a plus for buyers seeking lower yard maintenance, but it's a point of consideration for those envisioning extensive outdoor space or additions. The home’s assessed value is consistently above average for its broader area, indicating a perceived stable value within its market segment.
This property would suit first-time buyers or small families looking for a modern, low-hassle home in a suburban neighbourhood. It’s also a sensible fit for professionals who value the updated features and the efficient use of indoor space over a large yard.
Frequently Asked Questions
1. How does the lot size compare to nearby properties?
The land area is more compact than many lots in the Grassie area, ranking below average on its own street. This means less yard maintenance but also less private outdoor space compared to some neighbours.
2. What does the "above average" assessed value mean for taxes and price?
An above-average assessed value for the neighbourhood and city generally suggests the property is viewed favorably in terms of its market value relative to others. This can influence municipal property taxes, which are based on this assessment.
3. The home sold in 2017 and 2019. Is that typical?
Two sales in a five-year period is slightly more frequent than average. It doesn't necessarily indicate a problem, but reviewing the detailed price history (available by request) can provide context on market trends and the home’s specific value trajectory.
4. What are the implications of the renovated basement?
A renovated basement adds immediate liveable square footage, which is a significant asset. It’s important to understand the scope, quality, and if permits were obtained for the work during the inspection process.
5. How does this home rank for its year built?
Built in 2008, it is newer than approximately 87% of homes citywide, which is a strong point. On its street and in Grassie, it’s around the average age, meaning it fits right into the established character of this modern subdivision.