Property Summary: 210-3420 Grant Avenue, Winnipeg
Key Characteristics & Appeal
This is a 1,200 sqft condominium located in the Elmhurst area, built in 1993. Its primary appeal lies in its strong competitive positioning within its immediate surroundings. The property ranks in the top tier for size within its own street, neighborhood, and even city-wide, surpassing 98% to 100% of comparable listings. It also ranks well for its relative age, being newer than most homes in the area. The appeal is one of value and space within the condo market, offering more square footage than the vast majority of local alternatives.
The unit would suit practical, value-conscious buyers looking for maximum interior space without the maintenance responsibilities of a detached home. It’s particularly suited for first-time buyers or downsizers who prioritize living area over amenities like a garage or basement. A less obvious perspective is that its high ranking for size but more moderate ranking for assessed value suggests it may offer a favorable cost-per-square-foot ratio compared to peers, presenting a pragmatic investment in a well-established neighborhood.
Frequently Asked Questions
1. What does the ranking system mean?
The rankings show how this property compares to others in three areas: its specific street, the broader Elmhurst community, and all of Winnipeg. For example, ranking in the "top 2%" for size on its street means it is larger than 98% of other homes on Grant Avenue.
2. Is there a garage or basement?
No, the listing indicates there is no garage and no basement for this unit.
3. How old is the building?
The building was constructed in 1993, which is 33 years old as of the current listing. The rankings indicate it is newer than most homes in its community.
4. Why is the assessed value ranking lower than the size ranking?
The assessed total value is $226,000. It ranks higher than only 3% of properties in Elmhurst for value, meaning its official assessment is lower than most neighborhood homes. This can be due to many factors, including the property type (condo vs. detached home) and can sometimes indicate a relatively lower tax assessment, but market sale price may differ.
5. What is the property type?
The listing does not specify a building type (e.g., low-rise or townhouse), but it is listed as a condominium (Condo). Prospective buyers should confirm the exact style and rules of the condo corporation.