Property Overview & Key Characteristics
This 1,252 sqft condominium, located at 301-3420 Grant Avenue in Winnipeg's Elmhurst neighbourhood, offers a practical and low-maintenance living solution. Built in 1993, its primary appeal lies in its strong relative value within its immediate area. The data indicates it ranks highly for its size, being larger than most comparable units on its street and within the broader community. Its age also ranks favourably, being newer than a significant majority of surrounding properties.
The property is best suited for first-time buyers, downsizers, or investors seeking a manageable, entry-level property in a well-established area. Its standout feature is its competitive positioning—it offers more space and a newer build than many of its local peers, which is a compelling combination. A less obvious perspective is that while its assessed value is modest relative to the wider city, its superior rankings on size and age on its specific street suggest it may represent a "best-in-class" option within its more affordable price segment, offering better fundamentals than neighbouring alternatives. The absence of a basement or garage underscores its turn-key, minimalist lifestyle appeal.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings show how this unit compares to others in specific geographic areas. For example, being in the "top 13%" for size on its street means 87% of units on Grant Avenue are smaller. This helps highlight its relative strengths, like space and newer construction, within a local context.
2. Who is responsible for exterior and grounds maintenance?
As a condominium, the corporation is typically responsible for exterior building maintenance, common areas, and groundskeeping. This is a key benefit for buyers seeking a low-maintenance lifestyle without yard work or external repairs.
3. Why is the city-wide assessment ranking lower than the street-level rankings?
The assessment value is moderate compared to all Winnipeg properties, placing it in the top 80%. However, its size and age rank much higher on its street. This suggests you are getting a relatively newer, larger unit for its assessed value in this specific location, which may indicate good value within the local market.
4. Is parking available?
The listing specifies there is no garage. You should inquire with the condominium corporation about the availability of dedicated surface parking spots or visitor parking.
5. What are the monthly condominium fees, and what do they cover?
This is a critical question not detailed in the provided data. You must obtain the current fee amount and a detailed breakdown of what is included (e.g., building insurance, water, reserve fund contributions, heat, etc.) to understand the true monthly cost of ownership.