Property Summary
Key Characteristics & Appeal
This is a 1,050 sqft apartment-style condominium located at 201-4314 Grant Avenue in the Eric Coy area of Winnipeg. Built in 1996, the unit sits within a well-established building. Its primary appeal lies in its exceptional value and competitive positioning within its immediate area. The data shows it ranks in the top tier for its size relative to other homes on its street, and the building itself is newer than most in the wider neighborhood and city. This suggests a well-maintained property in a mature setting.
The unit would suit first-time buyers, downsizers, or investors seeking an affordable, low-maintenance entry into the Winnipeg market. Its strength is not in luxury features (it has no garage or basement), but in offering solid fundamentals and a high degree of livability for the price. A thoughtful perspective is that while its city-wide assessment value ranking is modest, its superior rankings on its specific street for size and age indicate it may be a "best-in-building" or standout option in its micro-location, offering relative comfort and space that outshines many direct neighbors.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings compare this property against others in three areas: its street, the Eric Coy neighborhood, and all of Winnipeg. For example, ranking in the "top 2%" for size on its street means it is larger than 98% of other homes on Grant Avenue, which is a significant local advantage.
2. Are there any monthly condo fees, and what do they cover?
This summary does not include that critical information. You must inquire with the listing agent or property manager for the exact condo fee amount and a detailed breakdown of what it covers (e.g., building insurance, exterior maintenance, reserves, utilities).
3. The assessment value seems low relative to the sale price. Why?
The city's assessed value for taxation purposes often lags behind current market values. Its low ranking city-wide may reflect broader assessment trends but does not necessarily reflect its market price or desirability in its specific, high-ranking location.
4. What is the parking situation?
The listing notes there is no garage. You should clarify if there is dedicated surface parking, a titled parking stall, or only street parking available for residents.
5. What makes this property competitive despite its average city-wide rankings?
Its appeal is hyper-local. It outperforms most comparable properties on its own street in key categories like size and building age. For a buyer focused on this specific area, it represents a above-average option, even if it appears average when compared to the entire, diverse Winnipeg market.