Property Overview
This is a 1,050 sqft property built in 1996, located at 110-4314 Grant Avenue in Winnipeg's Eric Coy neighbourhood. It sits on a street-level unit and has no basement, garage, or swimming pool. The home last sold in July 2016 for $230,000 and currently holds a total assessed value of $240,000.
Section 1: Key Characteristics & Appeal
The primary appeal of this home lies in its efficient, single-level layout and its strong positional value within its immediate area. While its square footage is modest compared to the broader Winnipeg market, it ranks exceptionally well on its specific street and in the Eric Coy neighbourhood for overall desirability. Key data shows it surpasses 98% of homes on its street and 100% within its community for this composite ranking, suggesting a very well-regarded location.
Its appeal is practical and location-centric. It would suit first-time buyers, downsizers, or investors seeking a low-maintenance, ground-level property in an established area. The absence of a basement or garage translates to minimal upkeep responsibilities, which is a draw for those seeking simplicity. The 1996 build year means it's a relatively modern structure compared to many in the area, likely featuring contemporary wiring and systems. A thoughtful perspective is that its high "street rank" indicates it's among the most sought-after properties on its block, which can be a stabilizing factor for value, even if its metrics are more average city-wide.
Section 2: Frequently Asked Questions
1. What does the "ranking" data actually mean?
The rankings compare this property against others on the same street, in the same community (Eric Coy), and across all of Winnipeg for specific metrics. For example, ranking in the "top 2%" on its street means it is considered more desirable than 98% of its immediate neighbours based on a combination of factors.
2. Why is the community assessment rank lower than the street rank?
While the home is highly ranked on its specific street, the assessment value is lower compared to most properties in the wider Eric Coy area. This could indicate that larger or differently configured homes in the community have higher assessed values, but it doesn't necessarily detract from this property's strong standing on its own block.
3. Is the lack of a basement or garage a significant drawback?
This depends on the buyer's needs. It eliminates storage, mechanical, and utility space that many homes have, which is a consideration. However, it also means there is no basement to finish, maintain, or worry about flooding, and no garage to upkeep, aligning with a low-maintenance lifestyle.
4. How does the 2016 sale price relate to the current assessed value?
The property last sold eight years ago for $230,000. The current assessed value of $240,000 is set by the municipal authority for taxation purposes and is a slow-moving indicator; it does not necessarily reflect the current market price but suggests stable, gradual appreciation in the tax valuation over that period.
5. Who would this property not be suitable for?
It would likely not suit buyers who require significant storage space, a workshop, multiple vehicles needing sheltered parking, or those who desire the extra living or recreational space that a basement provides. Families needing room to grow may also find the square footage limiting.