This is a well-sized, 1,319 sqft condo unit in the Eric Coy neighbourhood, built in 1996. Its primary appeal lies in its strong relative standing within its immediate area. The property ranks exceptionally high for its size, ranking in the top 2% on its street and even higher within the broader community and city. It also ranks well for its age and living space on Grant Avenue, suggesting it is a larger and newer-than-average unit for the street.
The appeal is for the practical buyer seeking space and value in a established area. It suits a first-time buyer, downsizer, or investor looking for a low-maintenance condo that offers more interior space than many comparable units. The lack of a basement or garage points to a truly lock-and-leave lifestyle. A thoughtful perspective is that while its city-wide assessment ranking is lower, its stellar local rankings indicate it is a standout property within its specific, popular locale—a key detail for neighborhood-focused living.
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What does the ranking data actually tell me?
It shows how this unit compares to nearby properties. For example, ranking in the top 2% for size on its street means it is larger than almost all other homes on Grant Avenue, which is a significant advantage for a condo.
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Are there any monthly condo fees?
The listing data provided does not include condo fee information. This is a critical question to ask, as fees cover shared expenses and directly impact your monthly budget.
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Why is the assessment value ranking lower in the community and city?
Assessment values are influenced by many factors, including recent sales. The unit's lower assessment ranking alongside its high size/age rankings may suggest perceived value or a slower rate of appreciation compared to its physical attributes, which could be a point for discussion.
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What does "no basement" mean for storage?
With no basement and no private garage, on-site storage will be limited. You should inquire about any private locker storage included with the unit or available to rent within the building.
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What is the building's financial health and rule structure?
As a condo, it's essential to review the corporation's reserve fund study, budget, and minutes for planned repairs or issues. Also, ask about bylaws regarding pets, rentals, or renovations to ensure they fit your lifestyle.