Property Overview
This home at 1-888 Grosvenor Avenue in Winnipeg’s Mcmillan neighbourhood is defined by its generous scale and established character. Its primary appeal lies in its substantial 2,158 sqft living area, which ranks in the top 7% on its street and the elite top 1% both within the neighbourhood and city-wide. This suggests a home offering significantly more space than typical comparables. Built in 1925, it carries the charm and solid construction of its era, though this also means it is notably older than the average city home. The assessed value of $38,500 is consistently above average across all comparison levels, indicating recognized worth.
The property would best suit a buyer who prioritizes spaciousness over modern build dates—someone looking for a character home with room to grow or adapt, and who is prepared for the maintenance or updates that come with a century-old structure. Its strong rankings suggest it's a standout, well-proportioned property in its immediate area, offering a rare combination of size and established neighbourhood roots.
Frequently Asked Questions
1. How does the home’s size truly compare to others?
The living area is a key strength. It is significantly larger than most, outperforming 99% of homes city-wide and 93% on its own street. You are getting space that is uncommon for the area.
2. The home was built in 1925. What should I consider?
While its age is typical for Grosvenor Avenue and Mcmillan, it is older than 96% of homes across Winnipeg. This underscores the importance of a thorough inspection to understand the condition of major systems (plumbing, electrical, roof) and potential needs for updates or heritage-style maintenance.
3. What does the assessed value tell me?
An assessed value of $38,500 that ranks above average at every level (street, neighbourhood, city) is a positive indicator of its official valuation relative to peers. It’s important to remember this is for tax purposes; market value is determined by current sale conditions.
4. The home sold between $400k-$450k in 2017. How useful is that price today?
It provides a historical benchmark, but the market has likely changed significantly over eight years. It’s best used as a rough reference point for the home’s previous market position, not as a direct indicator of its current value.
5. Are there similar properties nearby to compare it to?
The listing shows several homes on the same block (2-888 to 5-888 Grosvenor) and directly next door, which is useful for evaluating the immediate streetscape. For comparing specific metrics like assessed value, listings in other areas like Elmhurst are shown as having identical assessments, which could be a starting point for research.