Property Overview: 59 Radley Bay, Grassie, Winnipeg
Section 1: Key Characteristics & Appeal
This 1988 bi-level home at 59 Radley Bay offers a practical and balanced proposition in Winnipeg's Grassie neighbourhood. With 1,188 sqft of living space and a renovated basement, it presents a functional layout for everyday living. Its key appeal lies in its solid positioning within its immediate area. The home sits on a larger-than-average lot for Radley Bay (6,419 sqft), providing valuable outdoor space, and is newer than most on its street. It includes an attached garage for convenience.
The home’s assessed value is notably above the Winnipeg city-wide average, suggesting it is viewed as a substantial asset in the broader market. This is a property for buyers seeking a grounded, no-frills family home in an established area. It would suit first-time buyers or downsizers looking for a manageable size without compromising on lot size, or an investor attracted to a well-maintained, older home with a modernized basement in a stable neighbourhood. A thoughtful perspective is that while the living space is modest compared to some Grassie homes, the generous lot offers potential for future expansion or landscaping, making it a prudent long-term hold in a mature community.
Section 2: Frequently Asked Questions
1. How does this home truly compare to others in the area?
The data shows a mixed picture. On its own street (Radley Bay), the home is above average for lot size and year built. Within the wider Grassie neighbourhood, its living space is below the local average, but its lot size and assessed value are competitive. City-wide, it scores above average for assessed value, lot size, and age.
2. What does the "above average" assessed value relative to the city mean?
An assessed value that ranks in the top 28% city-wide indicates that, for property tax purposes, this home is considered more valuable than most in Winnipeg. This often reflects a combination of its lot size, condition, and the perceived desirability of its location.
3. The home last sold in late 2020. Is that price relevant today?
The sold price range from November 2020 (approximately $325k-$355k) is a historical data point. It is not a direct indicator of current market value, which is influenced by interest rates and market conditions in 2025, but it does provide insight into the property's price trajectory.
4. What are the practical implications of a "renovated basement" in a bi-level?
In a bi-level, the basement is partially above ground, often with larger windows. A renovated basement here effectively adds significant liveable space, potentially for a family room, home office, or additional bedrooms, making the home feel larger than the main floor square footage alone suggests.
5. Who would benefit from requesting the exact sold price history?
Serious buyers or market analysts would benefit most. Knowing the exact past sale price, not just the range, helps in understanding the home's appreciation rate and in crafting a informed, competitive offer based on precise historical data.