Property Overview: 108-3420 Grant Avenue, Winnipeg
Key Characteristics & Appeal
This is a 966 sqft condo unit in Elmhurst, built in 1993. Its primary appeal lies in its exceptional competitive positioning within its immediate area. The data shows it ranks in the top 2% of its street, the top 0% of its neighborhood, and the top 0% of all Winnipeg for its lot area or unit size category, indicating a very well-proportioned space for its type and location. While its assessed value ($194,000) places it in a more moderate percentile city-wide, its last sale price in 2016 was $188,000, suggesting a history of stable value.
The unit suits practical, value-conscious buyers looking for an established neighborhood. It’s particularly fitting for first-time buyers, downsizers, or investors seeking a property with strong fundamentals in its local market rather than high-end finishes. A thoughtful perspective is that its high rankings suggest it may offer better relative space or layout than many comparable options, which is a significant but less flashy advantage. The absence of a basement or garage points to a low-maintenance lifestyle, appealing to those who prioritize simplicity.
Frequently Asked Questions
1. What do the "rankings" actually mean?
They show how this property compares to others in specific geographic areas for metrics like size, age, and value. For example, being in the "top 0%" for size in its neighborhood means it has a larger lot or unit footprint than 100% of the comparison homes, a strong point for its category.
2. Why is the city-wide ranking for value lower than the neighborhood ranking?
This is common and reflects broader market dynamics. The unit's value is highly competitive within Elmhurst, but Winnipeg includes a wide range of property types and values. This indicates you are getting a property that stands out in its own community.
3. Is the 2016 sale price relevant today?
It provides a historical benchmark for the property's value trajectory. A buyer should use it to understand past market context, but the current market conditions and the assessed value are more immediate guides for today's price.
4. What are the implications of having no basement or garage?
It means significantly reduced maintenance and no need to heat or secure those spaces. Storage will be limited to the 966 sqft living area, so assessing closet and in-suite storage is crucial. For some, this trade-off for simplicity is a major benefit.
5. Who is responsible for exterior maintenance and repairs?
As a condo, the condominium corporation is typically responsible for the building exterior, common areas, and major structural repairs. Your monthly condo fee covers these costs. It's essential to review the corporation's financial health and bylaws to understand your responsibilities and coverage.