Property Overview: 47 Radley Bay, Grassie, Winnipeg
Section 1: Key Characteristics & Appeal
This is a modest, well-maintained bi-level home built in 1987, featuring 870 sqft of living space and a renovated basement. It sits on a standard city lot of just under 5,000 sqft and includes a detached garage. The home’s assessed value is notably lower than many in its immediate neighbourhood and street, positioning it as one of the more accessible entry points into the Grassie area.
Its primary appeal lies in its value proposition and practicality. For a buyer, it represents an opportunity to enter a stable neighbourhood without the premium price tag often associated with larger homes on the same street. The renovated basement adds functional living space, making the home feel larger than its square footage suggests. This property would suit first-time homebuyers, downsizers looking for a manageable footprint without leaving the area, or investors seeking a straightforward rental property in a established community. A less obvious perspective is that its "below average" metrics for the street could offer a buffer against market fluctuations, as it has less room to fall compared to higher-priced neighbouring homes.
Section 2: Frequently Asked Questions
1. Is the price competitive for the area?
Yes. The home’s assessed value is below the average for both Radley Bay and the broader Grassie neighbourhood, suggesting it is priced more accessibly than many comparable properties nearby.
2. How does the home’s size compare to others?
At 870 sqft, the living area is compact and below the average for the street, neighbourhood, and city. However, the renovated basement provides additional finished space, enhancing its livability.
3. What is the history of property value changes?
Available sold price data shows steady increases from 2016 to 2021, with each sale occurring at a higher price range than the previous, indicating a history of appreciating value.
4. Is the lot size a limitation?
The land area is slightly below average for the street but is around the city-wide average. It provides a typical urban yard space—sufficient for gardening or recreation but not expansive.
5. How does the age of the home compare?
Built in 1987, it is newer than the city-wide average for homes. On its own street, it is actually one of the newer properties, which can be an advantage for systems and maintenance timelines.