Property Overview: 6 Grassington Bay, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 6 Grassington Bay in Meadowood is a compact, single-story property built in 1977. Its key characteristic is its modest scale, featuring 820 sqft of living space on a 4,999 sqft lot, both of which are below the average for its immediate street and neighbourhood. The assessed value is notably lower than most homes on Grassington Bay, which presents a specific financial profile.
The appeal lies in its position as an accessible entry point into a stable neighbourhood. For a buyer comfortable with a smaller footprint, it offers lower property taxes and a manageable yard. It suits first-time buyers, downsizers, or investors seeking a straightforward, lower-maintenance property. A thoughtful perspective is that while the home is smaller than its neighbours, its lot size is closer to the area average, offering potential for outdoor living or future expansion relative to the house's current scale. Its "newer" ranking on its street for year built suggests it may have updates compared to some direct neighbours, a subtle advantage in an older area.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the recent sold price?
Assessed values in Manitoba are primarily for municipal tax purposes and often lag behind current market values, which are determined by recent sales like the 2024 sale of this property.
2. How does the smaller living area impact daily life?
The 820 sqft layout requires efficient use of space. It's well-suited for individuals, couples, or small families who prioritize simplicity and lower utility costs over ample room.
3. What does the sold price ranking tell us?
The sold price ranks in the middle ranges (56-75th percentile) for the area and city. This indicates the home sold for a price that is competitive and typical for the market, not at an extreme high or low, reflecting its updated market value.
4. Is the lot size a limitation?
At just under 5,000 sqft, the lot is smaller than many but still provides adequate private outdoor space for a patio, garden, or play area without excessive upkeep.
5. What is the significance of the "year built" ranking?
Ranking in the top 23% for year built on its street means this home is one of the newer houses on Grassington Bay. This could imply newer building materials, systems, or layouts compared to older homes in the immediate vicinity, though a full inspection is necessary.