This is a well-situated apartment-style property in the Eric Coy neighborhood, built in 1996. Its primary appeal lies in its strong competitive positioning within its immediate area. The home ranks in the top tier for its size, age, and value compared to most other properties on its street and in the wider community. Specifically, it surpasses over 90% of homes on its street for living space and is newer than nearly 90% of its street neighbors. With 1,319 sqft of living area, it offers a spacious layout for an apartment.
The property would suit a pragmatic buyer looking for a low-maintenance lifestyle without sacrificing space. It's ideal for a first-time homebuyer, a downsizer, or an investor seeking a stable unit in a desirable locale. The standout perspective here is the property's "local dominance"—while its city-wide assessment ranking is modest, its exceptional standing within its specific micro-market (street and community) suggests it occupies a premium position in a sought-after pocket of Eric Coy. This indicates you're buying a top-tier property within a well-regarded local context, rather than just an average unit in the city.
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What does the ranking data actually mean?
The rankings show how this property compares to others in three geographic circles. For example, ranking in the "top 2%" on its street for size means only 2% of homes on Grant Avenue are larger. This highlights its relative strength in its immediate surroundings.
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There's no garage or basement. What are the storage options?
As an apartment, the property likely includes a designated storage locker within the building. Prospective buyers should inquire with the condo corporation about the locker's size and location, and confirm if there are any additional bike or seasonal storage facilities.
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The community assessment ranking seems low. Is this a concern?
Not necessarily. The assessment value ranking within the larger Eric Coy community is different from its desirability ranking. The property actually ranks in the top 0% for size within the community. The lower assessment ranking may reflect the building type or specific unit features, not the location's appeal.
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What are the condo fees, and what do they cover?
This is a critical question for any condo purchase. Fees vary and typically cover building insurance, common area maintenance, reserve fund contributions, and potentially some utilities. The specific amount and inclusions must be obtained from the condo corporation's documentation.
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Given its age, what major repairs might be upcoming?
Built in 1996, the building is 30 years old. It's wise to review the condo corporation's reserve fund study to understand the financial planning for significant upcoming projects, such as roof replacement, balcony repairs, or window renewals, which are common for buildings of this vintage.