Property Summary: 4220 Grant Avenue
Key Characteristics & Appeal
This is a well-established, single-storey home on an exceptionally large, mature lot in the Eric Coy neighbourhood. Built in 1968, the 1,103 sqft residence features a finished basement and an attached garage. Its standout characteristic is the 15,817 sqft property, which places it in the top 2% of all Winnipeg lots by size. This offers immense outdoor potential far beyond a standard yard.
The appeal lies in a rare combination of space, location, and value. The lot provides privacy, room for expansion, gardening, or recreation, while the home itself offers solid, move-in-ready fundamentals. Its assessed value ranks highly on its street, suggesting it is a premium property within its immediate area. This home would perfectly suit buyers prioritizing land over square footage—growing families, hobbyists, or those seeking a peaceful, spacious retreat within the city. It’s also a compelling option for future-minded buyers who see the long-term value in a large, developable lot.
Frequently Asked Questions
1. What does the lot size ranking actually mean?
The ranking indicates that this 15,817 sqft lot is larger than 98% of all residential properties in Winnipeg, making it a truly rare find in the city.
2. Is the home’s living space sufficient for the lot size?
At 1,103 sqft, the house is modest relative to the land. This presents an opportunity: the existing home is comfortable, but the property’s major value is the potential for future expansion or outdoor living.
3. How does the assessment value compare?
With an assessment that ranks in the top 9% on its street but lower city-wide, it suggests the property is highly valued in its local context, possibly due to the lot, while the house itself is assessed conservatively.
4. What are the implications of a 1968 build?
Homes from this era often have good structural bones but will have components, like roofing or major systems, that are at or beyond their typical lifespan. A thorough inspection is advised to plan for future updates.
5. Who would this property not suit?
It may not be ideal for those seeking a modern, low-maintenance lifestyle or maximum interior square footage. The appeal is geared toward those who value land and are willing to manage or develop it over time.