Property Overview
This home at 90 Grassington Bay in Winnipeg's Meadowood neighbourhood presents a specific value proposition. Built in 1977, it's a well-maintained property from that era, with an assessed value of $370,000 that sits around the average for its immediate street and area. The key characteristic is its efficient scale: at 846 sq ft, the living space is notably compact, ranking in the smaller 15% of homes on its own street. This is balanced by a nearly 5,000 sq ft lot, which is typical for the area but offers a generous outdoor footprint relative to the home's size.
Its appeal lies in its practicality and position as a relatively affordable entry point into a stable, established neighbourhood. The lot size suggests room for gardening, play, or future expansion, which is a significant asset not always found with smaller-footprint homes. It would suit first-time buyers, downsizers looking to maintain a yard without the upkeep of a larger house, or investors seeking a manageable rental property. A thoughtful perspective is that this home may represent a "value-over-space" trade-off, where the financial accessibility and land ownership outweigh the smaller interior square footage.
Frequently Asked Questions
How does the home's size compare to others nearby?
The living area of 846 sq ft is below average for Grassington Bay, Meadowood, and Winnipeg overall. It is among the more compact homes on its street, which may mean lower utility costs and less maintenance, but buyers should ensure the layout meets their spatial needs.
Is the assessed value in line with the market?
The $370,000 assessment is around the average for the street and the broader Meadowood area. This suggests the property is priced consistently within its local market context, neither an outlier high nor low.
What does the lot size offer?
At 4,998 sq ft, the lot is slightly below the street average but standard for Meadowood. It provides a good ratio of outdoor to indoor space, which is a key feature for those valuing a yard, patio, or gardening potential.
How old is the home, and what does that imply?
Built in 1977, the home is 49 years old. On its street, it's actually newer than many peers. Buyers should factor in the potential for updates to major aging components like roofing, windows, or mechanical systems, common for homes of this vintage.
Where can I find more detailed context about this property and its neighbourhood?
A dedicated neighbourhood analysis page is available, showing this home on a map alongside nearby properties with detailed comparisons for year built, living area, assessed value, and lot size. Exact historical sold price data is also available upon request.