Property Overview & Key Characteristics
This 1,252 sqft condo unit, built in 1993, is situated at 211-3420 Grant Avenue in Winnipeg's Elmhurst neighbourhood. Its primary appeal lies in its strong relative standing within its immediate area. The property ranks in the top tier for size compared to other homes on its street and within the broader Elmhurst community, offering above-average space for a condo. Its age also ranks it as newer than most comparable properties in the vicinity.
The unit would particularly suit value-conscious buyers looking for a spacious condo footprint in a well-established area. It's ideal for those prioritizing interior space over amenities like a garage or basement, which are not present. The significant equity gain since its last sale in 2016, alongside a current assessed value that holds strong on its street, suggests a history of stable value in a mature building.
A less obvious perspective is that this property represents a "right-sized" option. It offers more room than many newer condos but without the maintenance demands of a detached house, fitting a practical middle ground. Its competitive rankings on its specific street indicate it may be a standout property within its own building or complex.
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, being in the "top 2%" for size on its street means it is larger than 98% of other homes on Grant Avenue within the comparison set.
2. Why is the community assessment ranking lower than the street ranking?
While the unit is very spacious for its street, the Elmhurst community as a whole includes a wider variety of larger property types (like detached homes). This makes a condo unit's total assessed value naturally rank lower in the broader community comparison.
3. Has the property value increased?
Based on the provided data, the unit last sold for $224,000 in June 2016 and now has a total assessed value of $235,000. This indicates an increase in value over that eight-year period.
4. What are the main trade-offs with this property?
The key trade-offs are space versus amenities. You gain significant interior square footage for a condo, but the listing confirms it does not include a garage, basement, or a private pool.
5. Is the building itself older?
The building was constructed in 1993, making it over 30 years old. The rankings show it is newer than most properties on its street and in Elmhurst, suggesting the surrounding area is well-established with even older homes.