Property Overview
This one-storey home at 470 Grassie Boulevard in Winnipeg’s Grassie neighbourhood presents a specific and compelling value proposition. Its key appeal lies in a substantial, half-acre lot (21,906 sqft), which is notably larger than most properties in the area and citywide. The home itself, built in 1968, is of average size (1,241 sqft) and features a renovated basement and a detached garage. While the house is older than many in the immediate Grassie area, its assessed value is positioned below the neighbourhood average, suggesting potential value relative to the land. This property would suit a buyer who prioritizes outdoor space for gardening, recreation, or future expansion over a modern or large interior. It’s also a practical fit for those comfortable with a home of vintage character who see the renovated basement as a solid foundation for comfortable living.
Frequently Asked Questions
Is the large lot usable, or are there restrictions?
While the listing confirms the exceptional lot size, it’s wise to verify with the city if any portions are designated as environmental reserve or if there are easements that could affect its use for additions, pools, or other structures.
How does the older construction year affect things?
Built in 1968, the home will likely have older building materials and systems. A thorough inspection is crucial to understand the condition of the roof, wiring, plumbing, and insulation, which can impact both comfort and ongoing maintenance budgets.
The assessed value seems low for the area. Why?
The assessed value is below the Grassie neighbourhood average. This typically reflects the home’s older age and modest size compared to newer, larger builds nearby. It can indicate a more affordable entry point into the area, with the lot itself being a significant asset.
What is the neighbourhood character like?
The data shows Grassie has many homes built around the 2000s, suggesting a mix of original and newer properties. The specific street has older homes on average (1984). This points to a possibly established, mature streetscape that may be in a state of gradual renewal.
Are the sold price ranges provided reliable for an offer?
The listed sold price ranges are based on public data estimates. For precise historical sale prices to inform your offer, you must request the exact figures via the provided email service, as the listing explicitly states these ranges are not exact.