Property Overview: 210-4314 Grant Avenue, Winnipeg
Key Characteristics & Appeal
This is a well-maintained, 1,049 sqft condo unit in the Eric Coy neighbourhood, built in 1996. Its primary appeal lies in its exceptional competitive standing within its immediate area. The property ranks in the top 2% of its street and the top 0% of both its community and all of Winnipeg for its lot size, indicating a spacious and rare footprint for a condo. While the interior square footage is more modest, its assessed value of $234,000 presents a relatively accessible entry point into a desirable area.
The unit would particularly suit first-time buyers or downsizers seeking a low-maintenance lifestyle without sacrificing a sense of space and location. Its strong rankings suggest a property that holds its own in the local market, offering a pragmatic blend of livability and investment potential. A thoughtful perspective is that while the 2019 sale price was slightly lower than the current assessment, its consistently high rankings for lot size and age hint at underlying value in the land and building structure that may not be fully captured by interior square footage alone.
Frequently Asked Questions
1. What does ranking in the "top 0%" for lot size actually mean?
It means this specific condo's lot size is larger than 100% of comparable properties in its community and across Winnipeg, according to the provided data. This is a significant advantage, often translating to more privacy, green space, or a less crowded feel than typical condo complexes.
2. The home is 30 years old. Should I be concerned about major repairs?
While the building is from 1996, it ranks newer than 94% of homes in its community, indicating the surrounding area has many older properties. This suggests the building may be in good relative condition. However, a review of the condo corporation's reserve fund study and minutes is essential to understand the financial health and any planned major projects.
3. Who is this property not well-suited for?
It may not suit buyers who require a garage, a large interior living space (as it ranks below average in Winnipeg for sqft), or those seeking a brand-new build. The absence of a basement also limits storage options.
4. The assessment is higher than the 2019 sale price. Is that normal?
Yes, property assessments and market values have generally risen across Winnipeg since 2019. The assessment provides a baseline for municipal taxes, but the current market value is determined by recent comparable sales, buyer demand, and the listing price.
5. What are the main financial considerations beyond the purchase price?
As a condo, the monthly condo fee is a critical factor. You will need to inquire about the fee amount and exactly what it covers (e.g., exterior maintenance, groundskeeping, building insurance, reserve fund contributions). This fee significantly impacts the total monthly cost of ownership.