Property Summary: 108-4314 Grant Avenue, Winnipeg
Key Characteristics & Appeal
This is a well-maintained, 1,319 sqft home built in 1996, located in the Eric Coy neighbourhood. Its primary appeal lies in its strong competitive positioning within its immediate area. The property ranks in the top tier for size, age, and recent sale price compared to other homes on its street, suggesting it is one of the more desirable and updated properties in the local context. The February 2025 sale price of $310,000 represents a significant increase from its 2016 sale, indicating strong market momentum.
The home would suit practical buyers looking for a move-in ready property in a mature neighbourhood, particularly those who value a home that stands out positively against its direct neighbours in terms of space and modern age. It’s also a sensible option for buyers who appreciate clear, data-driven evidence of a property's value and desirability within its micro-market.
Frequently Asked Questions
1. How does the home's assessment value compare to its recent sale price?
The 2025 sale price of $310,000 is notably higher than the assessed value of $269,000. This is common when a property sells in a competitive market, as assessments can lag behind current market values, especially for recently updated homes.
2. What do the high street-level rankings but lower city-wide rankings indicate?
This pattern shows the home is a top performer on its specific street and within Eric Coy, but is more average when compared to all properties across Winnipeg. This suggests you are buying into one of the better homes in a potentially more affordable neighbourhood.
3. Is the lack of a basement or garage a major drawback?
It depends on your needs. The absence of these features simplifies maintenance and reduces utility costs, which can be appealing for downsizers or those seeking a low-maintenance lifestyle. However, it does limit storage and parking options.
4. The home sold for much more in 2025 than in 2016. Does this mean it's overpriced?
Not necessarily. The increase reflects nearly nine years of market appreciation and any improvements made to the home. Its ranking in the top 9% of street sales for price suggests the market validated this value relative to other local options.
5. Who might this property not suit?
It may not suit buyers who require extensive storage, dedicated indoor parking, or a brand-new build. The rankings also indicate that while it's a leader on its street, those seeking a home that ranks in the top tier across the entire city may need to look in different neighbourhoods or price points.