Property Overview
This 2013-built bi-level home at 55 Terry Scott Bay in Winnipeg's Grassie neighborhood offers a practical and modern living footprint. With 1,319 sqft of living space, an attached garage, and a renovated basement, it presents a move-in ready option. The lot is a manageable 5,195 sqft. Its standout characteristic is its strong city-wide value position; the assessed value ranks within the top 19% of Winnipeg, suggesting a favorable assessment relative to the broader market. However, on its own street of newer homes, it is comparatively smaller in size and value. This creates a unique position: you get a modern, low-maintenance home in a newer area, but at a scale that may appeal to those not wanting the largest house on the block.
Key Characteristics & Appeal
The primary appeal of this property lies in its balance of modern convenience and manageable scope. As a home built just over a decade ago, major systems and finishes are likely contemporary, reducing immediate repair concerns. The renovated basement adds functional living space. It suits first-time buyers seeking a modern home without the premium of a brand-new build, downsizers looking for single-level living (with the basement offering extra room), or investors attracted by the solid city-wide assessment and newer construction for rental appeal.
A less obvious perspective is its position within its immediate micro-market. While it ranks highly for value city-wide, it is a more modest offering on Terry Scott Bay itself. This could be an advantage for a buyer who wants the amenities and feel of a newer subdivision but prefers a relatively smaller home with proportionally lower utility costs and property taxes. It represents an entry point into a street of newer, often larger homes.
Frequently Asked Questions
1. Is this a good value for the money?
Based on assessed value, this property ranks in the top 19% city-wide, indicating it is considered a higher-value home compared to most of Winnipeg. However, on its own street, it's assessed below the local average, which may present a relative value opportunity within this specific newer neighborhood.
2. What does the ranking data (Top X%) actually mean?
The rankings compare this home against three groups: its immediate street, the Grassie area, and all of Winnipeg. For example, its "Top 40%" rank for living area city-wide means 60% of Winnipeg homes are larger, and 40% are smaller. It's a snapshot of how it measures up in specific metrics.
3. The sold price history shows a wide range (e.g., 42.50k ~ 45.50k). What was the exact price?
The provided ranges are estimates from public data. To obtain the exact historical sold price, you must request it via the email system on the listing page. The service is manual but provided without marketing spam.
4. Who would this home not suit?
It may not suit buyers seeking a large, expansive family home, as its living area is below average for its street. Those wanting an extensive yard or a pool would also need to look elsewhere, as the lot is average in size and there is no pool.
5. What are the implications of it being a bi-level?
Bi-levels typically feature a split entry, with living areas spread across two main levels accessed by a short staircase. This layout offers good separation of space (often bedrooms on one level, living on another) but requires navigating stairs for daily living. The renovated basement adds to the functional space.