Property Overview
This home at 497 Grassie Boulevard presents a compelling mix of space, value, and potential. Its standout feature is the exceptionally large lot—over 26,000 sqft—which places it in the top 1% of properties in both the Grassie area and citywide. This offers rare privacy and room for expansion, gardens, or recreation. The house itself is a renovated one-storey with a finished basement, providing practical living space. While the home's 1973 build date is older than many in the immediate neighbourhood, its assessed value is notably strong, ranking in the top 5% on its own street. This suggests the property is well-maintained and perceived as a high-value asset in its local context.
The appeal lies in securing a substantial piece of land within the city, a increasingly rare opportunity. It suits a buyer who values outdoor space and privacy over a brand-new build, and who may see potential in the existing renovated structure or the possibility of future projects on such a large lot. It’s a practical choice for those seeking room to grow without moving to a rural area, and the strong assessed value indicates a solid foundation for investment.
Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The home last sold in July 2021 for a price range estimated between $46.5k and $49.5k, which aligns closely with its current assessed value of $49.90k. This suggests a stable and consistent market valuation.
2. What does the "Elite" ranking for Land Area actually mean?
It means this property's lot size is larger than 99% of comparable homes in the wider Winnipeg area. On Grassie Boulevard itself, it's still in the top 13%. This is the property's most distinctive and valuable characteristic.
3. The home was built in 1973, but the area average is newer. Should I be concerned?
Not necessarily. While many homes in the broader Grassie area are newer, the property's above-average assessed value on its street indicates that updates and condition have positively influenced its worth. The renovated basement is a key factor here.
4. Who would this property not be ideal for?
It may not suit buyers seeking a modern, turn-key home in a subdivision of similarly aged properties, or those who prefer a low-maintenance yard. The large lot is a big asset but also requires more upkeep.
5. How can I get the exact historical sale price?
The exact sold price is not published publicly. You can request it directly via the email button on the listing page. The service provides the accurate figure manually and does not use your email for marketing spam.