Property Summary: 102-3420 Grant Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a 966 sqft condominium located in the Elmhurst area of Winnipeg, built in 1993. Its primary appeal lies in its exceptional value and competitive positioning within its immediate surroundings. While the unit itself is a standard size for the area, its standout feature is its location-based rankings: it surpasses nearly all other homes in its broader community and across Winnipeg for lot size, placing it in the top tier. This suggests a well-situated property within its condo complex.
The unit would suit first-time buyers, downsizers, or investors seeking an affordable entry into a stable Winnipeg neighborhood. Its appeal is for the practical buyer who values solid fundamentals—like a desirable location relative to peers—over luxury finishes or extra space. A thoughtful perspective is that this property represents a "value anchor" in its market segment; its strong rankings in key geographic categories indicate a underlying asset strength that may not be immediately apparent from the basic specs alone, appealing to those who research deeply.
Section 2: Frequently Asked Questions
1. What does the "lot size" ranking actually mean for a condo?
For a condominium, this ranking doesn't refer to a private yard. It reflects the size of the property lot on which the entire building or complex sits. A high ranking suggests the building is on a larger, potentially more spacious parcel of land compared to peers, which can contribute to better greenspace, parking, or overall setting.
2. The build year is 1993. Should I be concerned about major repairs?
The building is over 30 years old, so a review of the condominium corporation's reserve fund study and minutes is essential. This will reveal the financial health of the building and whether major projects (like roofing, windows, or foundation work) are planned, underway, or have been recently completed.
3. Who is the typical buyer for this property?
Given the size, age, and value-oriented profile, this unit is likely most attractive to first-time homeowners seeking affordability, or to practical investors looking for a rental property in a well-ranked location. It may also suit empty-nesters looking to downsize with minimal maintenance.
4. There's no garage. What are the parking arrangements?
The listing specifies no garage, so parking is likely via outdoor surface lot or designated street parking. You should verify the exact arrangements—whether it's assigned, visitor availability, and if there are any associated fees—with the condominium corporation.
5. The assessment value is lower than the asking price. Why?
Municipal property assessments for tax purposes are not equivalent to market value. They are mass appraisals based on historical data and may lag behind current market trends. The sale price is determined by what buyers are willing to pay in the current market, considering factors like location, condition, and comparable sales.