Property Summary: 306-3420 Grant Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a well-established, no-fuss condo unit in Elmhurst, built in 1993. With 966 square feet of living space and no basement, it offers a manageable, single-level lifestyle. Its standout feature is its exceptional relative value within the broader market. The data shows it ranks in the top tier for its size within its immediate street, neighborhood, and even city-wide, meaning you get more space for your dollar here compared to most other Winnipeg properties. Conversely, its assessed value is notably modest, ranking in the more affordable ranges, which suggests a lower property tax burden.
The appeal lies in this combination of generous interior space and a accessible price point in a mature area. It suits practical, value-conscious buyers such as first-time homeowners, downsizers seeking a low-maintenance residence without sacrificing room, or investors looking for a straightforward rental unit with a compelling cost-to-space ratio. It’s a property for those who prioritize square footage and financial efficiency over modern finishes or amenities like a garage or pool.
Section 2: Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings compare this specific unit against all other houses on its street, in Elmhurst, and across Winnipeg. For example, ranking in the "top 0%" for size means this condo is larger than 100% of comparable listings, highlighting its above-average spaciousness for the format.
2. Are there any monthly condo fees?
The provided details do not include condo fee information. This is a critical piece of financial due diligence for any condo purchase, and you must obtain the current fee amount and a history of special assessments from the property manager or seller.
3. Why is the assessed value relatively low compared to its size ranking?
A lower assessment relative to its physical size can be influenced by factors like the building's age (1993), the unit's interior condition, market trends for condos versus single-family homes, and the overall value of the condo corporation's assets. It often indicates a potentially favorable property tax situation.
4. What is the condo corporation's financial health like?
This is the most important question not answered by the listing data. The long-term value and stability of a condo depend heavily on the corporation's reserve fund for major repairs and its management. Reviewing the status certificate is essential.
5. What is the parking situation?
The listing notes there is no garage. You will need to confirm if there is a dedicated surface parking spot, visitor parking, or street-only parking, which is a key practical consideration in this area.