Property Overview: 3446 Grant Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This well-maintained 1,206 sqft bungalow, built in 1988, presents a compelling opportunity in the established Elmhurst neighborhood. Its primary appeal lies in a combination of solid fundamentals and strong market performance. The home features a finished basement, adding valuable living space, and recent sale data from July 2024 shows it commanded a price significantly above its municipal assessment, indicating strong buyer demand for properties in this area.
The home’s standout feature is its exceptional positional ranking. It sits in the top tier of its immediate street, neighborhood, and even the wider Winnipeg area for lot size, suggesting a premium, possibly larger-than-average parcel for the location. This is balanced by more moderate rankings for its age and interior square footage, painting a picture of a home that offers great land value rather than the newest or largest structure. It would perfectly suit a first-time buyer or downsizer looking for a manageable, single-level layout in a mature community, or an investor attracted by the demonstrable market strength and the added rental potential of a finished basement. The lack of a garage is a trade-off for the land appeal, suggesting outdoor space or future expansion may be a priority for the right buyer.
Section 2: Frequently Asked Questions
1. What do the ranking percentages actually mean?
They show how this property compares to others nearby. For example, being in the "top 2%" for lot size on its street means 98% of houses on Grant Avenue have smaller lots. It's a quick way to see the home's relative strengths.
2. Why was the sale price so much higher than the assessed value?
Municipal assessments for tax purposes often lag behind current market conditions. The sale price reflects what buyers were actually willing to pay in mid-2024, likely driven by the desirable lot and the home's move-in ready condition with a finished basement.
3. Is the lack of a garage a major drawback?
It depends on your needs. For some, it's a significant inconvenience. For others, the value is in the land itself, and the space where a garage might typically be could be used for a garden, patio, or future shed. On-street parking is typical in many mature neighborhoods.
4. The home ranks lower for interior space in the community. Should I be concerned?
Not necessarily. This indicates many homes in Elmhurst are larger, which is common in older neighborhoods with varied housing stock. The ranking confirms this is a more modestly sized bungalow, which aligns with its appeal as a manageable, efficient home.
5. What is the neighborhood (Elmhurst) like?
As an established Winnipeg community, Elmhurst typically offers tree-lined streets, older homes, and a central location with good access to amenities. The high lot-size ranking for this property suggests it's on a particularly generous plot within that setting.