Property Overview
This is a well-maintained, 1,050 sqft home built in 1996, located at 220-4314 Grant Avenue in Winnipeg's Eric Coy neighbourhood. Its primary appeal lies in its exceptional standing within the immediate community. The property ranks in the top tier for its size, age, and past sale value compared to nearly all other homes on its street and in Eric Coy. This suggests a home that has been cared for and sits above average for its local area. The 2019 sale price of $260,000 was strong for its context, and the current assessed value is $252,000.
The home would suit a first-time buyer or downsizer looking for a manageable, move-in-ready property in a stable neighbourhood, with the data indicating they would be acquiring one of the better-maintained homes on the block. It’s also a practical choice for value-focused buyers who prioritize statistical performance within a micro-market over features like a garage or basement. A less obvious perspective is that its high local rankings could provide a relative sense of security and pride of ownership, knowing the property historically compares very favourably to its direct neighbours.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings show how this property compares to others in specific geographic areas. For example, being in the "top 2%" for size on its street means it is larger than 98% of homes on Grant Avenue. This data highlights its relative strength within the hyper-local market.
2. Is there a basement or garage?
No, according to the provided details, this property has no basement and no garage. This is an important consideration for storage and utility needs.
3. The home sold for $260,000 in 2019 but is now assessed at $252,000. Does this mean it lost value?
Not necessarily. Municipal assessments for tax purposes don't always equal market value and can lag behind market trends. The 2019 sale price is a concrete data point showing what a buyer was willing to pay at that time.
4. Who would this property not be suitable for?
It may not suit buyers who require significant space for a growing family, due to its square footage and lack of a basement. It would also not meet the needs of someone requiring a garage for vehicle storage or a workshop.
5. The community ranking for "Assessment Total Price" is low (top 97%). What does this indicate?
This means the home's assessed value is higher than only 3% of properties in Eric Coy. While this seems negative, it's crucial to view it alongside the other data. It likely reflects that the Eric Coy area has many higher-valued homes overall, but on its specific street, this property ranks much better (top 30%). This underscores the importance of looking at both micro (street) and macro (community) data.