Property Overview: 167 Grandin Street, Winnipeg
Key Characteristics & Buyer Appeal
This home at 167 Grandin Street in North St. Boniface presents a specific and straightforward opportunity. Built in 1954, it is a modest 632-square-foot residence on a 3,826-square-foot lot, with a recent sold price between $150,000 and $200,000 and an assessed value of $194,000. The data reveals a clear profile: this is one of the smallest and most value-accessible homes on its street, in its area, and across the wider city. Its living area and assessed value rank in the bottom 10% or lower compared to most local benchmarks.
The primary appeal lies in its entry-level price point and its lot size, which is notably larger than many city lots despite being below average for the immediate area. This combination creates potential for a first-time buyer or an investor seeking a foothold in a well-established neighbourhood without a premium price tag. The home suits a practical buyer who prioritizes location and land over move-in-ready size or finishes. It’s a candidate for those comfortable with a compact living space or those with a vision to expand, where the existing structure could be seen as a foundation rather than a final product. A less obvious perspective is that its consistent position at the lower end of comparative metrics provides a transparent, low-risk entry with minimal expectation of overpaying relative to the market.
Frequently Asked Questions
1. Why is the assessed value so much lower than area averages?
The assessed value reflects the property’s specific characteristics, primarily its below-average living area and the age/condition of the home. It is assessed in line with its footprint and utility relative to larger, more updated homes in North St. Boniface.
2. What are the possibilities for expanding or renovating the home?
The 3,826-square-foot lot is a key asset, offering space that many similarly priced city properties lack. Any expansion would be subject to local zoning bylaws and building codes, but the lot size provides a tangible opportunity not present on a standard infill parcel.
3. How does the sold price range compare to the assessment?
The sold price range (CA$150k–200k) is consistent with and likely at or below its assessed value of $194k. This alignment suggests a market transaction that reflects the official valuation, indicating a purchase based on fundamental metrics rather than speculative premium.
4. Is this a good investment for a first-time buyer?
For a first-time buyer seeking affordability in a established neighbourhood, it represents a clear opportunity. The low entry cost minimizes financial risk, and the land provides inherent value. Buyers should budget for potential updates, as a home of this age and size may require maintenance.
5. How can I get the exact sold price?
The exact sold price is not publicly displayed on this site due to data source rules. You can request the exact figure by email using the provided form; the service will manually look up and send the verified transaction history directly to you.