Property Overview: 4426 Grant Avenue, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This 1985 bi-level home sits on a notably large, approximately 15,577 sqft lot in the Eric Coy neighbourhood. Its primary appeal lies in the exceptional outdoor space, offering rare potential for expansion, gardening, or recreation within city limits. The home itself is a practical 1,072 sqft with a finished basement, providing flexible living space. While the interior size is modest relative to the land, the property’s high assessment value ranking suggests it is seen as a premium parcel in the area.
Its appeal is grounded in long-term potential rather than immediate luxury. The lot size ranks in the top 2% across Winnipeg, making it a standout for buyers valuing land over square footage. It suits someone looking for a solid starter home with room to grow, a family desiring extensive yard space, or a value-oriented buyer who sees the land as a future investment—whether for building an addition, creating a personal oasis, or holding for its appreciating asset value. The strong rankings for lot size and assessed value, contrasted with more average rankings for living area and age, indicate this is a property where the land is the central feature.
Frequently Asked Questions
1. What does the "ranking" data actually mean?
The rankings compare this property against others on its street, in Eric Coy, and across all of Winnipeg. For example, being in the "top 2%" for lot size city-wide confirms the lot is exceptionally large, while more moderate rankings for living area give a realistic sense of the home's current footprint.
2. Is the large lot usable, or are there restrictions?
While the listing highlights the lot size, prospective buyers should verify zoning bylaws with the city to understand what can be built (e.g., garage, shed, home addition) and if any portions are affected by easements.
3. The home is 41 years old. What should I budget for updates?
Built in 1985, major systems like the roof, windows, furnace, and plumbing may be at or beyond their typical lifespan. A thorough inspection is crucial, and budgeting for updates or maintenance should be part of your financial planning.
4. There's no garage. Can one be built?
The lack of a garage is offset by the vast lot, which typically provides ample space to add one. Checking zoning for setback requirements and obtaining cost estimates would be important next steps.
5. Why is the assessed value ranking so much higher than the living area ranking?
This discrepancy highlights that the city's assessment reflects the property's total value, which is heavily influenced by its large, desirable lot. The land itself constitutes a significant portion of the property's worth compared to the modest-sized home.