Property Overview: 365 Jacques Avenue, Grassie, Winnipeg
Key Characteristics & Appeal
This two-storey home on a spacious lot offers a practical layout with 1,711 sqft of living space, which is notably larger than both the Winnipeg and immediate neighbourhood averages. Its appeal lies in this above-average interior space paired with a standard, unrenovated basement that presents a clear opportunity for customization. The attached garage and a land area of over 6,200 sqft provide solid utility and outdoor potential.
The property’s most distinctive characteristic is its value proposition. While its assessed value is modest compared to others on Jacques Avenue, it sits above the city-wide average for comparable homes. This suggests a home that offers more space for the dollar in a neighbourhood context, but may require updates. It was built in 1990, making it newer than most Winnipeg homes but older than many in its immediate area—a point for buyers to consider regarding potential maintenance or systems updates.
This home would suit a practical buyer looking for room to grow or a project-minded individual. It’s ideal for someone who prioritizes square footage and lot size over move-in-ready finishes, seeing the basement and the home’s overall condition as a canvas. It could also appeal to an investor or homeowner comfortable with gradual improvements, valuing the underlying land and space over current cosmetic appeal.
Frequently Asked Questions
1. Is the low assessed value compared to the street a concern?
Not necessarily. It primarily reflects the home’s unrenovated state and the official valuation for tax purposes. It can indicate a more affordable entry point into a street where other homes may be more updated.
2. What does “above average” for living area city-wide mean practically?
It means you’re getting more interior space than over 80% of comparable homes across Winnipeg. For daily living, this translates to larger rooms, more storage, and greater flexibility for home offices or family areas than the typical city home.
3. The home is older than others on the street. What should I check?
While built in 1990, its systems (roof, furnace, windows) are likely in their mid to later stages. A thorough inspection is key to understand the remaining lifespan of these major components compared to newer neighbouring homes.
4. How usable is the basement?
It is a standard, unrenovated basement. This means it has foundational space and utilities but will require investment to finish as living space. It offers potential but is not a current feature.
5. Who determines the “exact sold price” and why is it not public?
The exact final sale price is recorded by the land title office. The ranges provided are estimates based on public data. You can request the precise figure from the site, as they manually retrieve it from official sources, ensuring accuracy for serious buyers.