Property Overview: 3432 Grant Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated Elmhurst home, built in 1988, presents a practical and comfortable living space of 1,206 sqft. Its key feature is a finished basement, adding valuable flexible space for recreation, a home office, or guest accommodation. While it lacks a garage, its standout strength is its exceptional positional value within its immediate area. The data shows it ranks in the top 2% of homes on its street for lot size and surpasses every other home in its wider community and all of Winnipeg for this metric, suggesting a more generous or better-proportioned outdoor space than nearly all comparable properties.
The appeal lies in this combination of a solid, move-in-ready footprint with a highly desirable location within established neighborhoods. It suits first-time buyers seeking a home with room to grow without the maintenance of an older property, or downsizers looking for a manageable single-level layout (with the basement offering extra space). It’s also a smart candidate for value-focused buyers who prioritize land and location—key drivers of long-term appreciation—over flashy upgrades. The 2021 sale price provides a transparent, recent benchmark for market comparison.
Section 2: Frequently Asked Questions
1. What does the "lot size ranking" actually mean?
The rankings indicate that this property's land area is larger than 98% of homes on its street, 100% in Elmhurst, and 100% across Winnipeg. This doesn't specify the exact dimensions but clearly signals a lot size that is a significant asset relative to almost all other properties.
2. The home ranks lower for assessed value in the community. Is that a concern?
Not necessarily. This suggests the municipal assessment is conservative compared to neighboring homes. It can be a positive, potentially indicating a slightly lower property tax burden than some nearby houses, while the strong sale history and superior lot size rankings point to its market value.
3. Is the lack of a garage a major drawback?
It depends on the buyer's needs. The finished basement can offset some storage needs. For many, the trade-off of a larger lot and prime location may outweigh the absence of a garage, especially if adding a shed or carport is feasible.
4. The home is 38 years old. What should I be mindful of?
While not a historic home, key systems like the roof, windows, furnace, and plumbing may be reaching or have reached their typical lifespans. A thorough inspection is advised to understand the condition and timing of any potential updates.
5. How does the 2021 sale price relate to the current asking price?
The $235,000 sale in 2021 provides a recent market anchor. Comparing the current asking price to that figure, while considering market changes and the property’s standout lot size ranking, helps gauge the seller's pricing perspective and value added since purchase.