Property Summary: 306-3927 Grant Avenue, Winnipeg
Key Characteristics & Appeal
This is a well-situated condo unit in the established Varsity View neighbourhood. Built in 1978, its primary appeal lies in its exceptional location and relative value. The unit itself, at 905 sqft, offers a practical living space. The standout feature is its competitive positioning within the market: it ranks in the top 0% of properties across the entire city for its land area component, suggesting a favourable share of the condominium's overall grounds or a rare footprint for the area. This is paired with a very affordable assessed value, placing it in the lower tier for the neighbourhood and city, which presents a clear entry point into a desirable location.
The property would suit pragmatic, value-conscious buyers looking to access a mature community like Varsity View without a detached home price tag. It's ideal for first-time buyers, downsizers, or investors seeking a low-maintenance property in a stable area with strong long-term fundamentals due to its proximity to the University of Manitoba and other amenities. A less obvious perspective is that while the unit's living space is modest compared to others, its superior land ranking hints at a potential qualitative advantage—perhaps better light, privacy, or outdoor access—that isn't captured by square footage alone.
Frequently Asked Questions
1. What does "top 0% for land area" mean for a condo?
This ranking compares the land component attributed to this unit against others. For a condo, it typically reflects your share of the building's total land. A very high rank suggests this unit's portion is larger than most, which can positively influence property value and may relate to its positioning within the building complex.
2. The living space is ranked lower (top 80%). Is the unit small?
At 905 sqft, the unit is a comfortable size for many, but the ranking indicates a majority of homes in Winnipeg are larger. This is a trade-off for the location and value, making it efficient rather than expansive.
3. Why is the assessed value ranked so low (top 91%)?
The assessed value is notably affordable compared to other properties in Winnipeg. This reflects the municipality's valuation for tax purposes and suggests a lower cost basis, which can be attractive for property taxes and as a market entry point, though the sale price may differ.
4. Is the 1978 build date a concern?
The building is nearly 50 years old, which is reflected in its middle-tier age ranking. This means due diligence on the condominium's reserve fund study and the health of its major systems (roof, windows, plumbing) is essential. Well-managed older buildings can offer great value and character.
5. Who manages the condominium corporation, and what are the fees?
This information is not provided in the public data. A buyer must review the condo documents to understand the monthly fees, what they cover, the financial health of the corp, and any pending special assessments.