Property Overview
This 980 sqft condo at 204-811 Grosvenor Avenue in Winnipeg's Crescentwood neighbourhood presents a specific and practical value proposition. Its key appeal lies in its position within a well-established, mature building from 1961, which is notably newer than most on its street. The unit offers a manageable living space that is squarely average in size compared to Winnipeg overall, suggesting a practical layout without excessive upkeep. Financially, its assessed value sits around the city median, but it is interestingly below the average for the generally upscale Crescentwood area. This creates a potential entry point into a desirable neighbourhood without the typical price premium. The recent sale in June 2024 provides a clear, current market benchmark.
This property would suit a pragmatic first-time buyer, a downsizer seeking a low-maintenance lifestyle in a prime location, or an investor looking for a stable rental unit in a high-demand area. It’s for someone who values location and building maturity over modern finishes or expansive square footage. A less obvious perspective is that a newer building in an old neighbourhood can mean fewer immediate major repair concerns compared to its century-old neighbours, while still offering the established tree-lined streets and community character.
Frequently Asked Questions
1. How does this condo’s value compare to the rest of Crescentwood?
The assessed value is below the neighbourhood average, ranking in the top 74% (meaning 74% of comparable homes in Crescentwood are assessed higher). This indicates it may be a more affordable option within this sought-after area.
2. Is the building older or newer compared to others nearby?
Built in 1961, it is significantly newer than the average home on Grosvenor Avenue, ranking in the top 2% on its street for year built. For the broader neighbourhood and city, however, its age is around or below average.
3. What does the "around average" living area mean for daily life?
At 980 sqft, the space is very close to the Winnipeg city-wide average for comparable homes. It should provide adequate room for a couple, a small household, or someone downsizing from a larger house, focusing on efficient use of space rather than expansiveness.
4. Are there many similar units in the building?
Yes, the listing shows multiple units at 811 Grosvenor Avenue, suggesting this is a mid-sized condo complex. This can mean well-established building systems and a stable condo corporation, but prospective buyers should review the condo documents for financial and operational health.
5. The property recently sold. Why is that information relevant?
The sale in June 2024 for $288,000 provides a concrete, recent market value that is more current than the assessed value for tax purposes. It helps set realistic expectations for price and confirms active demand for units in this building.