Property Overview: 115-4314 Grant Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a well-maintained, 1,049 sqft home built in 1996, situated in the Eric Coy neighbourhood. Its primary appeal lies in its exceptional relative standing within its immediate community. The data indicates it ranks in the top tier for size and newness compared to its neighbours, surpassing 100% of homes in Eric Coy for lot size and 94% for being a newer build. This suggests a property that offers more space and modern construction than is typical for the area.
The home would suit practical, value-conscious buyers looking for a solid entry point into a mature neighbourhood. It’s ideal for someone who prioritizes living in a home that stands out positively against nearby properties in key metrics, rather than seeking luxury finishes or amenities. The absence of a basement or garage points to a simpler, low-maintenance lifestyle. The significant equity gain since its 2017 purchase also indicates a history of stable value in a very affordable price segment.
Section 2: Frequently Asked Questions
1. What do the ranking percentages actually mean?
They show how this property compares to others in its immediate street, neighbourhood, and city across specific metrics. For example, ranking in the "top 0%" for lot size in Eric Coy means no other homes in that community have a larger lot, which is a rare and dominant feature for this location.
2. The city-wide rankings for size and value are lower. Is that a concern?
Not necessarily. This reflects the property’s context: it’s a larger, newer home for the Eric Coy area, which is itself a more affordable neighbourhood. The appeal is rooted in being a top-tier property within its specific community, offering great value relative to its direct peers.
3. There’s no basement or garage. How does that impact living and storage?
This means all living space is on the main floors, which can be efficient for heating and cleaning. However, it requires creative solutions for storage, utilities, and laundry. Buyers should consider the cost and feasibility of adding external sheds or utilizing attic space.
4. The assessed value has risen since the 2017 purchase. What does that indicate?
It shows steady municipal assessment growth over seven years, broadly tracking with market trends. The assessment is now slightly above the last sale price, which is typical for a home held during a period of general market appreciation. It provides a baseline for property taxes, not a guaranteed sale price.
5. Who would this property NOT be suited for?
It would likely not suit buyers who require extensive storage space (like for a large family or hobbies needing a garage/basement), those seeking a brand-new or fully renovated home, or investors looking for a property with high rental yield potential from multiple units or suites.