Property Summary: 207-3420 Grant Avenue, Winnipeg
Key Characteristics & Appeal
This is a 966 sqft condominium built in 1993, located in the Elmhurst neighbourhood. Its primary appeal lies in its exceptional competitive standing within its immediate area. The property ranks in the top 2% of homes on its street and, remarkably, in the top 0% of homes within both the Elmhurst community and the entire city of Winnipeg for its property type. This suggests a well-regarded and desirable location. With an assessed value of $195,000 and no basement or garage, it presents as a low-maintenance, entry-level housing option.
The unit would suit first-time buyers or downsizers seeking an affordable foothold in a established neighbourhood without the upkeep demands of a house. Its high rankings indicate it likely offers a combination of value, building condition, and location that outperforms most comparable listings. A thoughtful perspective is that while its city-wide ranking for size and assessed value is more modest, its dominance within its own community highlights that its true value is hyper-local—it’s a standout property in a specific, sought-after context.
Frequently Asked Questions
1. What do the "top 0%" rankings actually mean?
They mean this specific unit ranks higher than 100% of comparable properties in both the Elmhurst community and Winnipeg overall for its key category (likely condominiums/apartments). It's a statistical indicator of strong desirability relative to its direct peers.
2. Is the lack of a basement or garage a significant drawback?
For buyers seeking maximum storage or utility space, yes. However, this aligns with a true low-maintenance lifestyle, potentially reducing costs and responsibilities associated with those areas. Storage solutions would need to be considered within the 966 sqft footprint.
3. The build year is 1993. Should I be concerned about major repairs?
A 33-year-old building warrants due diligence. While the high rankings suggest good overall condition, a review of the condominium corporation's reserve fund study and minutes is essential to understand any upcoming major repairs (e.g., roof, windows, building envelope) and their associated costs.
4. How can the assessed value be in the bottom 11% city-wide, but the ranking be top 0%?
The assessments and rankings measure different things. The low city-wide assessment ranking reflects its modest monetary value compared to all Winnipeg properties, including million-dollar homes. The top 0% ranking is based on its overall appeal and metrics within its specific property class, showing it's a top-tier condo compared to other condos.
5. Who is responsible for exterior maintenance and groundskeeping?
As a condominium, the corporation is typically responsible for exterior building maintenance, common areas, and grounds. Your monthly condo fee covers these costs, which is a key trade-off for not having a private yard or garage.