Property Overview
This 750 sqft condo unit at 212-4314 Grant Avenue offers a practical entry point into Winnipeg’s housing market. Built in 1996, its key appeal lies in its established location within the Eric Coy neighbourhood. The data indicates it ranks exceptionally high for its lot size within its immediate community and across Winnipeg, suggesting a well-proportioned building with less density than many others. However, its interior living space is on the more compact side, ranking in the lower percentiles for square footage. This creates a clear profile: a competitively priced, low-maintenance home that trades expansive interior space for a favourable position within a mature area. It would suit first-time buyers, downsizers, or investors seeking an affordable, straightforward property with proven resale history, as evidenced by its 2017 sale.
Key Details & FAQs
Key Characteristics & Appeal
The unit’s standout feature is its relative land footprint, placing it in the top 2% of its street and top 0% of its neighbourhood and city—a less obvious advantage that implies a potentially better building-to-land ratio than typical condos. Its appeal is grounded in affordability and simplicity, with no basement or garage to maintain. The 1996 build year means it’s past its initial wear-and-tear period but is not an older character building, offering modern fundamentals. It best suits a value-focused buyer who prioritizes location and financial accessibility over size, and who is comfortable with a cozy living space.
Frequently Asked Questions
1. What does the high ranking for "land area" mean for a condo owner?
This typically reflects the overall lot size of the condominium complex. A high ranking suggests the building occupies a larger, less crowded parcel of land compared to others, which could translate to more green space, better parking, or a less cramped setting.
2. The living space is noted as compact. How might that feel day-to-day?
At 750 sqft, the layout will be efficient. It’s well-suited for a single person, a couple, or someone with a minimalist lifestyle. Creative furniture choices and built-in storage solutions would be beneficial to maximize the space.
3. Who is responsible for exterior maintenance and major repairs?
As a condominium, the corporation is responsible for the building exterior, common areas, and major structural elements. Owners pay a monthly fee for this, which covers these upkeep costs and often includes amenities like groundskeeping.
4. The assessed value is higher than the last sale price. What does that indicate?
The 2024 assessment of $172,000 versus the 2017 sale price of $153,000 reflects market appreciation over seven years. It provides a current benchmark for municipal taxes but does not dictate the final sale price, which is determined by the market.
5. What are the pros and cons of a 1996 build year?
A pro is that major initial construction issues are likely resolved. Potential cons could include upcoming replacements of original components (like roofing or windows) depending on their lifespan, which would be governed by the condo corporation's reserve fund and planning.