Property Overview: 50 Grassington Bay, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 50 Grassington Bay in Meadowood is a practical, no-frills property built in 1977. With 952 sqft of living space, it is notably compact compared to both area and city averages, suggesting a efficient, manageable layout. Its assessed value is firmly in the mid-range for the neighbourhood, indicating a stable, entry-level price point within the market. The lot size of just under 5,400 sqft is typical for the street and provides a standard suburban yard.
The primary appeal lies in its affordability and position as a solid baseline home in an established area. It suits first-time buyers or investors seeking a straightforward, lower-maintenance property without premium costs. A thoughtful perspective is that its smaller size and average valuation could represent a lower-risk entry into homeownership, with less exposure to market fluctuations than a larger, more expensive property. Its age (49 years) means major components may be due for updates, which a savvy buyer could factor into an offer, but it also places the home in a cohort of well-established homes in the community.
Section 2: Frequently Asked Questions
1. How does the home’s size compare to others?
At 952 sqft, the living area is below the average for similar homes on its street, in Meadowood, and across Winnipeg. This indicates a more compact layout.
2. Is the asking price in line with the area?
Based on its assessed value of $38,100, the home is priced around the middle of the range for Meadowood. Its last known sale price in 2024 was between $350k and $400k.
3. What should I consider about the home’s age?
Built in 1977, the home is newer than many on its street but is approaching 50 years old. Prospective buyers should pay close attention to the condition of major systems like roofing, plumbing, and electrical, which may be original or nearing the end of their service life.
4. How does the lot size compare?
The land area of 5,393 sqft is very close to the average for both Grassington Bay and the wider Meadowood area, offering a typical suburban yard.
5. Where can I see more detailed comparisons?
You can view an interactive neighbourhood analysis map to compare this property directly with nearby homes based on year built, living area, assessed value, and lot size. A link is provided in the full property details.