109-4314 Grant Avenue

Property Overview & Key Characteristics

This is a well-maintained, ground-level condominium in a 1996-built complex on Grant Avenue. Its primary appeal lies in its strong relative value within a popular and convenient area of Winnipeg. The unit ranks exceptionally high for its neighborhood and the wider city in terms of overall competitiveness and age, suggesting it is a modernized and desirable offering compared to many peers. With just over 1,050 square feet and no basement, it offers a manageable, single-level living space. The absence of a private garage is offset by the low-maintenance lifestyle typical of condo living.

This property would particularly suit first-time buyers seeking an affordable entry into a major Winnipeg corridor, downsizers looking to simplify without sacrificing location, or pragmatic investors attracted by the strong percentile rankings for the area, which indicate high rental demand potential. Its appeal is less about luxury features and more about securing a solid, modernized foothold in a prime location with statistically proven competitiveness.

Frequently Asked Questions

1. What does the "ranking" data actually mean?
The rankings show how this unit compares to others in its immediate street, neighborhood (Eric Coy), and all of Winnipeg. For example, ranking in the top 0% for "competitiveness" in its neighborhood means it is larger and/or configured more favorably than 100% of comparable listings, making it a standout property in that specific area.

2. Are there any monthly condo fees, and what do they cover?
This information is not provided in the available details. A critical next step would be to obtain the condo corporation's financial statements and bylaws to understand the monthly fee amount, what it covers (e.g., exterior maintenance, groundskeeping, reserve fund), and any rules or restrictions.

3. Why is the city assessment value relatively low compared to its high rankings?
The assessment value is used for property tax calculation and often lags behind current market values. The unit's high rankings for competitiveness and modernity suggest its market value may be more influenced by buyer demand for its specific location and condition than by the municipal assessment figure.

4. What are the practical implications of having no basement or garage?
This means all living and storage must be accommodated on the main floor. Buyers should plan for creative storage solutions. The lack of a garage means relying on surface parking, which is typical for many condos, but it's important to confirm the number of dedicated parking spots included.

5. The build year is 1996—what major components might need attention?
While the building is not old, it is now 30 years old. Prospective buyers should inquire about the age and condition of major common elements like the roof, windows, and any shared mechanical systems, as these could be subjects of future special assessments if major repairs are planned.