Property Overview & Key Characteristics
This is a well-established, ground-level condominium in the Eric Coy neighbourhood of Winnipeg. Built in 1996, the 1,310 sqft unit offers a spacious interior footprint that ranks highly within its immediate area. Its primary appeal lies in a combination of value, space, and location stability. The property holds a very strong competitive position within its specific street and broader community, ranking in the top percentiles for size and overall assessed value among nearby homes. It does not include a basement, garage, or private land.
This home would suit practical buyers looking for a low-maintenance, single-level living space without the responsibilities of yard work or exterior upkeep. It’s particularly suited for first-time buyers, downsizers, or investors seeking a turnkey property in a mature neighbourhood. The strong rankings suggest it offers more space and a higher assessed value than most comparable units nearby, presenting a solid, data-backed value proposition in its market segment.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings show how this property compares to others in the immediate area. For example, ranking in the top 2% on its street for size means it is larger than 98% of other homes on Grant Avenue, indicating a notably spacious unit for a condo.
2. Are there any monthly condo fees, and what do they cover?
This information is not provided in the available details. A crucial next step would be to contact the listing agent or property manager to obtain the current condo fee amount and a detailed breakdown of what it includes (e.g., building insurance, exterior maintenance, reserves, utilities).
3. Since there's no basement or garage, what are the storage options?
The lack of these spaces means storage will be contained within the 1,310 sqft layout. Buyers should pay close attention to closet space, pantry size, and whether there is any additional shared or private locker storage available in the building.
4. The build year is 1996. What should I be aware of?
A home from this era is likely past its initial major component warranties. A thorough inspection is recommended to assess the condition of in-suite mechanical systems (furnace, water heater), windows, and appliances. It’s also wise to review the condominium corporation's reserve fund study to understand the financial plan for upcoming common element repairs.
5. Why is the community assessment ranking (90th percentile) different from the size ranking?
While the unit is physically larger than many in the wider community, its assessed total value is lower than 90% of other properties in Eric Coy. This could reflect the condominium housing type (compared to single-family homes), the specific building, or current market valuations for similar units, highlighting its potential as a more affordable entry point into the neighbourhood.