Property Overview
This 1,042 sqft condo unit, built in 1978, is situated at 102-3907 Grant Avenue in Winnipeg's Varsity View neighbourhood. Its primary appeal lies in its strong relative standing within its immediate area. The property ranks in the top 2% of its street and the top 0% within both its community and the entire city of Winnipeg for lot size, suggesting a well-situated and potentially spacious unit for its type. While the building itself is nearly 50 years old, it is newer than a majority of homes on its street and in the broader area. The assessed value positions it as a more accessible entry point within the market. This unit would suit first-time buyers, investors, or downsizers seeking a established location with proven value retention, who are comfortable with a property of this vintage and do not require private garage or basement storage.
Key Details & Questions
What are the key features and who is this for?
The unit offers a practical footprint in a mature, academic-adjacent neighbourhood. Its standout characteristic is its exceptional ranking for land area relative to comparable properties, which often translates to better light, privacy, or layout. It appeals to value-focused buyers prioritizing location and fundamentals over new finishes. The absence of a private garage or basement means it best suits those with minimalist storage needs or who utilize alternative transportation.
Frequently Asked Questions
1. What does the high ranking for "land area" actually mean for a condo?
For a condo, this typically relates to the proportional share of the overall building's land. A high rank can indicate a favourable unit position (e.g., end unit, better exposure), a lower-density building structure, or a generous overall lot, contributing to a less crowded feel.
2. Are there any concerns with a building from 1978?
Buildings of this age are considered well-established. The focus for a buyer should be on the condition of major common elements like the roof, windows, and building envelope, as well as the financial health of the condo corporation's reserve fund for future repairs.
3. The assessment value seems lower than some areas; does that indicate a problem?
Not necessarily. It reflects the municipal assessment for tax purposes, which often lags behind market trends. It can signal a relatively lower property tax burden. The market price is determined by current supply, demand, and the unit's specific condition.
4. Who is responsible for exterior maintenance and repairs?
As a condo, the corporation is responsible for maintaining the building's exterior, common areas, and major structural components. Owners pay monthly fees to cover these costs, which provides predictable upkeep but less individual control.
5. What is the neighbourhood vibe in Varsity View?
Varsity View is a quiet, residential neighbourhood characterized by a mix of older single-family homes and low-rise apartments. Its proximity to the University of Manitoba suggests a steady rental demand and a community often populated by academics, students, and long-term residents.