Property Overview & Key Characteristics
This is a 966 sqft unit built in 1993, located at 115-3420 Grant Avenue in Winnipeg's Elmhurst neighbourhood. Its primary appeal lies in its exceptional competitive positioning within the broader market. The property ranks in the top tier for its size, placing in the top 0% of homes in both its immediate community and all of Winnipeg, indicating it offers more space than the vast majority of comparable listings. It also ranks highly for its age, being newer than about 90% of homes in Elmhurst. The municipal assessment is $194,000.
This unit would suit first-time buyers or downsizers seeking a spacious, well-established condo alternative without a high-rise feel. Its strong rankings suggest it delivers strong value per square foot, appealing to practical buyers who prioritize space and relative modernity within a budget. A thoughtful perspective is that while it lacks a garage or basement, its high size ranking means the living area is efficiently configured, potentially reducing utility costs and maintenance effort compared to larger, detached homes.
Frequently Asked Questions
Q: What does the ranking data actually mean?
A: The rankings show how this property compares to others in the area. For example, ranking in the "top 0%" for size means it is larger than 100% of compared homes, making it a notably spacious unit for its type and location.
Q: There's no garage or basement. Is there storage?
A: The listing does not specify dedicated storage. Prospective buyers should inquire about any assigned locker space or in-suite storage solutions within the building.
Q: The assessment value seems lower than the price ranking. Why?
A: Municipal assessments for tax purposes often lag behind market values and don't always correlate directly with sale prices. The high rankings for size and age suggest market demand factors that may not be fully reflected in the assessment.
Q: Is this a good option for an investor?
A: Its appeal would likely be to owner-occupants given the spacious layout. Investors should verify condo bylaws regarding rentals, fee structure, and tenant eligibility to assess its suitability.
Q: The build year is 1993. What should I check regarding maintenance?
A: While newer than many homes, a 30+ year building warrants questions about the health of the condo reserve fund, recent major repairs (like roofing or windows), and the building's maintenance history to anticipate future fee adjustments.