Property Overview: 43 Blue Horizon Cove, Grassie, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in Grassie presents a practical opportunity. With 1,346 sqft of living space, a renovated basement, and an attached garage, it offers the core features of a functional family home. Built in 1995, it is notably newer than many Winnipeg homes and is the newest on its street, suggesting potentially fewer major age-related concerns in the near term.
Its primary appeal lies in its value positioning. The home's assessed value is below average for both its immediate street and the broader Grassie neighbourhood, yet it sits around the city-wide average. This indicates a property that may offer more accessible entry into a stable area without the premium of a newer subdivision. The lot size, while slightly below the neighbourhood average, is still a good-sized urban parcel.
This property would best suit first-time buyers or downsizers seeking a move-in-ready, low-maintenance home in an established community. It’s a sensible choice for those who prioritize a modern(ish) build year and practical layout over above-average square footage or a premium lot. A thoughtful perspective is that while the home ranks lower on its own street for size and value, it represents the more affordable tier in a seemingly consistent area, which can be a smart, grounded purchase strategy.
Section 2: Frequently Asked Questions
1. Is this house a good value compared to others on the street?
Data suggests it is one of the more affordable homes on Blue Horizon Cove, with both its living area and assessed value ranking below the street's average. This could represent a value opportunity if the renovated basement and newer build year meet your needs.
2. How does the property size compare to the neighbourhood?
The home's footprint is slightly below the Grassie average for living space and land area. Buyers should consider if the 1,346 sqft layout and under-5,000 sqft lot meet their space requirements, balanced against the advantage of a newer construction year.
3. What does the sold price history indicate?
The home sold in May 2024 for an estimated $45.5k to $48.5k. This recent sale provides a concrete, current benchmark for its market value, showing it transacted close to its assessed value.
4. What are the less obvious considerations?
While newer than most city homes, it is now 30 years old; attention should be paid to original components like the roof, windows, and HVAC. Additionally, being the newest on the block could be a long-term advantage for maintenance costs, but may also mean less immediate opportunity for significant property value surge from neighbourhood renewal.
5. Who are the comparable nearby properties?
The listing shows similar assessed values on various streets across Winnipeg, but the most relevant comparisons are the direct neighbours on Blue Horizon Cove. Reviewing their specs can give the clearest sense of what this price point provides within this specific micro-area.