Property Overview: 112-4314 Grant Avenue, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This is a compact, 750 sqft condo unit built in 1996, located in the Eric Coy neighbourhood. Its standout feature is its exceptional relative value within the broader market. The data shows it ranks in the top tier for its size and price point, surpassing 100% of comparable properties within its immediate community and across all of Winnipeg for overall value competitiveness. This suggests a well-priced unit in a sought-after location.
The appeal lies in its efficiency and position as a strategic entry point into the Winnipeg housing market. It is a no-frills property—with no basement or garage—that prioritizes location and affordability over space. The building is relatively modern, ranking newer than most homes in the area. It would suit a first-time homebuyer, a downsizer, or an investor seeking a straightforward, low-maintenance property with strong fundamental value in a popular area. It’s for a pragmatic buyer who views a home as a solid financial foothold rather than a long-term family dwelling, understanding that the trade-off for the excellent value ranking is limited personal square footage.
Frequently Asked Questions
1. What does ranking in the "top 0%" for the community and city actually mean?
It means that, based on the combined metrics of price and living area, this property presents a more competitive value proposition than every other listed comparable in its community and across Winnipeg. It's not the "best" home, but it offers more for its price point than any other similar listing.
2. The living area is small, ranking in the bottom 10% for the community. Is this a concern?
This is the direct trade-off for the top-tier value ranking. You are purchasing location and market efficiency, not space. It will suit a minimalist lifestyle or an investor, but would feel cramped for those needing multiple bedrooms or room for a home office.
3. The building is from 1996. What should I check?
While considered relatively modern, a 30-year-old building warrants a close review of the condo's reserve fund study and recent special assessments. Key systems like roofing, windows, and elevators (if applicable) may be near or past their typical lifespans, so understanding the corporation's plan for these is crucial.
4. There's no garage or basement. Where is storage?
Storage will be limited to the unit's internal closets and possibly a designated locker in the building. Prospective buyers should assess their storage needs realistically and inquire with the condo corporation about any additional storage options available for residents.
5. Who is responsible for exterior maintenance and repairs?
As a condo, the corporation is responsible for the building's exterior, common areas, and major structural components. Your fees cover this, which is a benefit for those seeking a low-maintenance lifestyle, but you are subject to the corporation's rules and scheduled (or special) assessments for major projects.