Property Summary: 3442 Grant Avenue, Winnipeg
Key Characteristics & Appeal
This 1,206 sqft home, built in 1988, presents a compelling opportunity in the Elmhurst neighbourhood. Its primary appeal lies in its strong competitive positioning within its immediate area. The property ranks in the top tier for size and value on its street, surpassing 98% of neighbouring homes for lot size and 83% for living area. It features a finished basement, adding functional space. The assessment value of $255,000 positions it as a more accessible entry point within the city, potentially offering room for value growth.
This home would suit practical, value-oriented buyers—perhaps first-time homeowners or downsizers—who prioritize space and location over newer construction. Its standout rankings on Grant Avenue suggest it offers more house and land for the money compared to most direct neighbours, a key detail for savvy buyers comparing within a specific zone. The finished basement adds immediate utility without the need for renovation. The fact that it surpasses every other home in Elmhurst and Winnipeg for lot size is a less obvious but significant advantage, indicating a rare level of outdoor space or property footprint for the area.
Frequently Asked Questions
1. What does the ranking system mean?
The rankings compare this home against others on the same street, in the Elmhurst community, and across all of Winnipeg. For example, ranking in the "top 2%" for lot size on its street means it is larger than 98% of other properties on Grant Avenue.
2. There's no garage listed. Is there alternative parking?
The listing specifies no garage. Prospective buyers should investigate the availability of driveway parking, a carport, or on-street permit options to understand the full parking situation.
3. The home is 38 years old. What should I consider?
While the rankings show it is newer than many homes on its street, a home of this age may have had updates to major systems like roof, windows, or HVAC. An inspection would be crucial to determine the condition and any upcoming maintenance needs.
4. The assessment value is $255,000. Is that the sale price?
No. The assessed value is used for municipal property tax calculations. The sale price is set by the seller and can be higher or lower than the assessment based on market conditions, the home's updated condition, and buyer demand.
5. It ranks highly on its street but lower in the broader community for value. Why?
This indicates that while the home is a strong performer specifically on Grant Avenue, there may be other areas within the larger Elmhurst neighbourhood with higher average property values. It highlights the importance of comparing homes within a specific micro-location.