Property Overview: 110-3907 Grant Avenue, Varsity View, Winnipeg
Key Characteristics & Appeal
This is a well-maintained, 1,060 sqft condo unit in the sought-after Varsity View neighbourhood, built in 1978. Its primary appeal lies in its exceptional location and strong value within its immediate area. The property ranks in the top 2% of homes on its street for size and surpasses nearly all comparable properties in both its neighbourhood and the entire city of Winnipeg for this metric, indicating a relatively spacious unit for the condo market. While the building itself is not new, its age is competitive, ranking newer than about two-thirds of homes on its street.
The 2024 assessed value is $212,000, with a previous sale recorded at $185,000 in March 2020. The unit does not have a basement, private garage, or a swimming pool. This property would best suit a value-conscious buyer—such as a first-time homebuyer, a downsizer, or an investor—who prioritizes a prime, central location in a mature neighbourhood like Varsity View over modern building amenities or private outdoor space. It offers an opportunity to own a competitively sized home in a top-ranked area without the premium price tag of a newer build or a single-family house.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings show how this property compares to others in specific categories. For example, ranking in the "top 2%" for size on its street means it is larger than 98% of other homes on Grant Avenue, a significant advantage for a condo.
2. Why is the assessed value higher than the last sale price?
The last sale was in early 2020. The current $212,000 assessment reflects the market value as determined by the municipal assessor, accounting for market changes and property value trends since that time.
3. What are the monthly condo fees, and what do they cover?
This information is not provided in the public data. A crucial next step is to contact the listing agent or property manager to obtain the current condo fee amount and a detailed breakdown of what expenses (e.g., building insurance, maintenance, reserves) they cover.
4. Is the lack of a garage or basement a major drawback?
It depends on the buyer's needs. For some, it simplifies maintenance and reduces costs. For others, it means a lack of storage or private parking. Given the urban location, on-street or shared lot parking is likely the alternative.
5. The building is 48 years old. Should I be concerned about major repairs?
The building's age is typical for the area. The critical factor is the financial health of the condo corporation. Before purchasing, you must review the corporation's reserve fund study and minutes from recent meetings to understand the building's condition and if any special assessments for major repairs (like roofing or plumbing) are planned.