Property Summary: 304-3420 Grant Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This 966 sqft condo, built in 1993, is a practical and competitively positioned home in the Elmhurst neighbourhood. Its primary appeal lies in its exceptional value within its immediate surroundings. While modest in size and features—it has no basement, garage, or listed amenities—it ranks in the top 2% of properties on its street for lot size and surpasses 90% of homes in Elmhurst for its newer construction year. This suggests a well-maintained building in a mature, established area.
The property suits first-time buyers, downsizers, or investors seeking an affordable entry into a stable Winnipeg community. Its standout trait is the significant price advantage: with an assessed value of $196,000, it ranks higher than only 1% of homes in Elmhurst, indicating it is one of the most accessible properties in this neighbourhood. This creates an opportunity to live in the area for a fraction of the typical cost. The buyer should be comfortable with a smaller, no-frills space but will be rewarded with a location that outperforms most of the city in key comparative rankings.
Section 2: Frequently Asked Questions
1. What does the ranking data actually mean for a potential owner?
The rankings show this unit is a standout value on its street and in Elmhurst, but is a more average offering city-wide. You’re getting a top-tier position within a very desirable local context, which can be a smart, grounded investment in the neighbourhood's stability.
2. The build year is 1993. Should I be concerned about major repairs?
A building from the 1990s is past its initial "newness" but is also likely before some modern construction shortcuts. The key will be the condo corporation's reserve fund study and history of proactive maintenance, as major components like roofing and windows may be due for updates.
3. Who is this property not suited for?
It is not ideal for those requiring ample storage (no basement/garage), families needing more space, or buyers seeking modern amenities like in-suite laundry or a balcony. It’s a functional home, not a luxury one.
4. The assessment seems low. Is that good or bad?
It’s a double-edged sword. It suggests a lower property tax burden, which is a benefit. However, it also reflects the unit’s smaller size and basic features relative to the broader market. It confirms this is a value-oriented purchase.
5. How important is the "top 0% in Winnipeg" ranking for lot size?
This impressive statistic is more about the condo building's overall land parcel than your private space. It primarily indicates the building is not densely packed on its lot, which could mean better green space, parking, or future redevelopment potential for the corporation, not the individual owner.