Property Summary: 211-4314 Grant Avenue, Winnipeg
Key Characteristics & Appeal
This is a 1,070 sqft condominium located in the Eric Coy area, built in 1996. Its primary appeal lies in its exceptional competitive positioning within its immediate surroundings. The property ranks in the top tier for its size relative to both the neighborhood and the entire city of Winnipeg, surpassing 100% of comparable listings in its community. This suggests a well-above-average unit size for the area, offering more space than typical alternatives. The building age is also relatively modern compared to local stock, ranking newer than nearly 90% of homes on its street.
The property would suit value-conscious buyers looking for space and modernity in a condo setting. It is particularly suited for first-time buyers or downsizers who prioritize getting more square footage for their budget within a specific locale, as the size rankings indicate a strong value proposition on a per-square-foot basis. The lack of a garage or basement suggests a lifestyle geared toward low-maintenance living. A less obvious perspective is that its high local rankings could provide a sense of relative resilience within its micro-market, potentially appealing to those who view a home as a pragmatic asset as much as a personal space.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings show how this property compares to others in three geographic circles: its street, the wider Eric Coy community, and all of Winnipeg. For example, ranking in the top 0% for size in its community means it is larger than 100% of comparison properties, indicating it is one of the most spacious units available in that area.
2. If it ranks so highly for size, why is the assessed value ranking lower?
The assessed value ranking compares the government's valuation for tax purposes. A lower ranking here (e.g., surpassing only 1% in its community) suggests the assessed value is relatively low compared to other homes in Eric Coy. This can be appealing for property tax costs but is not a direct indicator of market selling price.
3. What are the implications of having no basement or garage?
This means all living and storage space is contained within the condo's 1,070 sqft footprint. Buyers should plan for in-suite storage solutions and consider where seasonal items like bicycles or winter tires will be kept. It underscores a truly lock-and-leave, low-maintenance lifestyle.
4. The build year is 1996. What should I consider about a condo of this age?
A building from 1996 is past the initial shakedown period for new construction but is not yet considered historically old. The critical focus should be on the condo corporation's reserve fund study and health, as major components like roofing, windows, and building envelopes may be nearing or undergoing planned renewal projects.
5. Who is responsible for exterior maintenance and repairs?
As a condominium, the corporation is typically responsible for the building's exterior, common areas, and major structural elements. Your monthly condo fee contributes to this upkeep, insurance, and the reserve fund. It is essential to review the corporation's financial statements and bylaws to understand the specific coverage and any upcoming special assessments.