Property Overview: 4400 Grant Avenue, Winnipeg
Key Characteristics & Buyer Appeal
This is a well-maintained, single-storey home built in 1962, situated on a notably large, mature lot of over 9,000 square feet in the Eric Coy neighbourhood. Its key features include a fully finished basement and an attached garage. The home’s primary appeal lies in its exceptional land size, offering rare potential for expansion, gardening, or outdoor living within the city. It also presents a solid value proposition, with a current assessed value significantly higher than its last sale price in 2016, suggesting substantial equity growth.
The property would suit practical buyers looking for a long-term family home with room to grow, or value-oriented investors and renovators who see potential in the generous lot and the ability to update the interior over time. It’s a home for those who prioritize space and location over modern finishes, appealing to someone comfortable with a property that has a history but stands on a piece of land that is increasingly hard to find.
Frequently Asked Questions
1. What is the true value of the large lot?
Beyond extra yard space, a lot of this size (ranking in the top 8% in Winnipeg) is a long-term asset. It provides privacy from neighbours, ample room for additions like a deck or workshop, and could be a major factor in future redevelopment potential, making it a standout feature in the neighbourhood.
2. How does the age of the home affect things?
Built in 1962, the home’s systems (roof, plumbing, electrical) may be due for updates or have recently been replaced. A thorough inspection is key. However, homes from this era are often praised for their solid construction and practical, modifiable floor plans.
3. The assessment value is much higher than the 2016 sale price. What does this mean?
This indicates strong market appreciation over the past eight years. For a buyer, it suggests the area is desirable and the property has built significant equity. It’s a positive market signal, but the final sale price will be determined by current market conditions.
4. Who is the typical buyer in this area?
Eric Coy attracts a mix of long-time residents and growing families drawn to its established community feel. This particular home, with its large lot and finished basement, is ideal for buyers needing space without moving to the outskirts, or for those planning to customize a home to their taste.
5. What are the less obvious considerations?
Consider the seasonal use of the large lot—maintenance in summer and snow clearing in winter. Also, while the home ranks highly for lot size, its living space is more modest, so evaluate if the layout works for your needs or if you’re planning an expansion to fully utilize the property’s potential.