Property Overview & Key Characteristics
This is a 1,050 sqft condominium unit built in 1996, located at 103-4314 Grant Avenue in the Eric Coy neighbourhood of Winnipeg. Its primary appeal lies in its exceptional competitive positioning within its immediate area. The data indicates it ranks in the top tier for its size compared to other homes on its street, and it is newer than the vast majority of properties in both its neighbourhood and across Winnipeg. A key financial characteristic is its assessed value of $240,000, which sits higher than most comparable homes in its community, suggesting a perceived value or desirability above the local norm. The unit does not include a basement, garage, or private land.
This property would likely suit a first-time buyer or downsizer seeking a low-maintenance lifestyle in a well-established area, who values statistical outperformance within a specific locale over raw square footage. It’s a practical choice for someone who prioritizes the condo's relative modernity and its strong standing on its street, rather than maximum interior space. The recent transaction history shows steady appreciation, indicating a stable entry point into the market.
Frequently Asked Questions
1. What do the ranking percentages actually mean?
They show how this unit compares to other properties in three geographic circles: its specific street, the wider Eric Coy neighbourhood, and all of Winnipeg. For example, ranking "top 2%" on its street for size means it is larger than 98% of other homes on Grant Avenue within its comparison set.
2. The assessment value seems high for the neighbourhood. Why?
The unit's assessed value ranks higher than 98% of properties in Eric Coy. This could be due to factors like its condition, updates, or the specific desirability of this building or complex compared to the neighbourhood's overall average, which may include many older or smaller homes.
3. Is the lack of a garage or basement a significant drawback?
This depends on the buyer's needs. It simplifies maintenance and reduces costs, aligning with a lock-and-leave lifestyle. However, it means all storage and vehicle parking must be accommodated within the condo's footprint or through building-provided options (like a surface lot or storage locker), which should be confirmed.
4. The sale history shows two sales in recent years. Is that a concern?
The property sold in 2019 and again in 2021, each time at a higher price. While multiple sales can sometimes indicate turnover, the consistent increase in sale price over a short period primarily demonstrates strong market demand and capital growth for this specific unit during that time.
5. How significant is the "newness" ranking for a 1996 building?
Being newer than 94% of homes in Eric Coy highlights that the surrounding housing stock is predominantly older. For a buyer, this means the building's major systems (roof, windows, etc.) are likely more recent than those of many neighbouring houses, potentially implying lower near-term repair costs for the condo corporation.