Property Overview: 120-4314 Grant Avenue, Winnipeg
Key Characteristics & Appeal
This is a well-established, no-fuss property in the Eric Coy neighbourhood. Built in 1996, it’s a 1,050 sqft home that stands out for its exceptional value positioning within its immediate area. The key appeal lies in its strong relative rankings: it surpasses nearly all other homes in its community and across Winnipeg for lot size, and it ranks highly for its modern build year compared to neighbouring properties. This suggests a home that offers more space and is newer than most in a popular, mature area.
Its appeal is grounded in practicality and location. It suits first-time buyers seeking an entry into a stable neighbourhood without a premium price tag, or downsizers looking for a manageable, single-level footprint (note: no basement). The very competitive assessment value indicates a lower property tax burden, which is a significant, often overlooked advantage for budget-conscious owners. It’s not a luxury property, but a solid, sensible choice for those prioritizing value, location, and a move-in-ready foundation in a sought-after part of the city.
Frequently Asked Questions
1. What does "no basement" mean for storage and utilities?
The home is built on a slab foundation. All living space is on the main floor, which can be ideal for accessibility. Storage solutions may need to be creative, and mechanical systems like the furnace and water heater will be located in a main-floor closet or utility room.
2. The rankings show it's in the top 2% of its street for lot size but only the top 39% for living area. What does this indicate?
This typically means the home has a relatively spacious yard or lot footprint compared to its neighbours, while the house itself is a comfortable, average size. This is a great combination for those who value outdoor space.
3. How can the assessment value be so competitive compared to the community?
The assessed value is often influenced by the home's specific attributes (like no basement) and recent sale prices of similar homes on its street. Its strong ranking here suggests it is officially valued lower than many homes in the wider Eric Coy area, which is a financial benefit.
4. Who would this property NOT suit?
It would not suit buyers requiring extensive storage, a basement suite potential, or a garage. Families needing multiple bedrooms or dedicated recreational space might find the 1,050 sqft layout limiting.
5. The build year is 1996. What should I be aware of with a home of this age?
Homes from this era are generally modern but approaching key maintenance milestones. A thorough inspection should focus on the roof, original windows, and major systems like the HVAC, which may be nearing the end of their typical service life.