Property Overview: 71 Terry Scott Bay, Grassie, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This two-storey home at 71 Terry Scott Bay is a standout property defined by its generous scale and premium positioning within its markets. Built in 2015, it offers modern construction in a well-established neighbourhood. The key figures tell a compelling story: with over 2,115 sqft of living space and a substantial 12,614 sqft lot, the home ranks in the top 10% locally and city-wide for size. Its assessed value similarly places it in the elite top 3% of its immediate area and the Grassie neighbourhood, indicating a premium valuation.
The appeal lies in the rare combination of a large, newer home on an exceptionally private and spacious lot—a find within city limits that typically offers one or the other. The attached garage and full (though unrenovated) basement add practical utility. This property would best suit buyers who prioritize space and land over turn-key luxury, such as growing families seeking room to expand outdoors, or value-driven purchasers looking for a structurally modern home where they can personalize the interior finishes and basement over time. It’s a solid investment in a desirable area, offering a blank canvas for customization.
Frequently Asked Questions
1. Is the basement finished?
No, the basement is noted as being unfinished ("not renovated"). This presents an opportunity for the new owner to design and finish the space to their own specifications.
2. How does the assessed value relate to the likely selling price?
The assessed value of $61.60k is a municipal tax assessment. It consistently ranks in the top 3% for the street and neighbourhood, which is a strong indicator of the property's high market position relative to its peers. However, the final sale price will be determined by current market conditions.
3. What does the sold price history from 2016 indicate?
The property sold in June 2016 for a price range estimated between $47.50k and $50.50k. This historical data primarily shows the purchase price nearly a decade ago, and its main relevance today is for tracking the property's appreciation over a long period, not for setting a current market price.
4. The lot size is a major feature. What are the potential benefits?
A lot of this size (over a quarter-acre) is uncommon in the city. It offers significant potential for outdoor living, gardening, recreational space, and future additions like a deck, patio, or even a secondary structure, subject to local bylaws. It also provides a greater sense of privacy and distance from neighbours.
5. The home ranks highly for its year built. Why is that important?
A 2015 build date means the major systems (roof, HVAC, windows, plumbing, electrical) are relatively new and likely under warranty or with significant life remaining. This can offer peace of mind and reduce the risk of major immediate repair costs compared to an older home, even one that is recently renovated.