Property Overview: 432 Grassie Boulevard, Winnipeg
Key Characteristics & Buyer Profile
This one-storey home at 432 Grassie Boulevard is a practical, no-frills property built in 1993. With 1,058 sqft of living space, an attached garage, and a full (unrenovated) basement, it offers the essential components of single-family living. Its appeal lies in its relative modernity compared to many Winnipeg homes, potentially meaning fewer major age-related concerns. The lot size is fairly standard city-wide, though it is notably smaller than others on Grassie Boulevard itself.
The home’s data presents a nuanced picture: while its assessed value is below average for its immediate area, it sits around the middle of the pack city-wide. This suggests it may represent a value-oriented entry point into the Grassie neighbourhood. It would suit a first-time buyer, an investor, or a downsizer looking for a manageable footprint without the upkeep of a larger property. The unrenovated basement is a blank canvas for future expansion or storage, appealing to those with a vision for gradual improvements.
Frequently Asked Questions
1. Is this a good value for the neighbourhood?
The assessed value is significantly below the average for both Grassie Boulevard and the wider Grassie area, which could indicate a competitively priced opportunity to enter the neighbourhood, assuming the condition is consistent with the assessment.
2. What does "below average" for living area on the street mean?
Most homes on Grassie Boulevard are larger, averaging about 1,233 sqft. This home is more compact, which translates to less interior space to maintain and potentially lower utility costs, but also less room for a growing family.
3. How recent is the sale price data?
The most recent recorded sale was in May 2020, with a price range of $24.5k to $27.5k. The current assessed value is $33.6k. For the exact historical sold price, you can request the information via email from the listing source.
4. The basement is noted as "not renovated." What should I expect?
This typically means the basement is in original, functional condition but may lack finished walls, ceilings, or modern flooring. It offers usable space for storage or utilities, with the potential for future finishing to add living area.
5. How does the year built (1993) compare to other homes?
Built in 1993, this home is newer than most in Winnipeg and on its street. This can be an advantage, as major components like the roof, windows, and mechanical systems may have more usable life remaining than in older homes, though their actual condition should always be verified.