Property Overview: 4416 Grant Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a classic, well-situated one-storey home built in 1961, offering a rare combination of a very large lot and a practical living footprint. Its primary appeal lies in its exceptional 18,042 sqft lot, which places it in the top 2% of all properties in Winnipeg for land size. This presents a significant opportunity for gardening, expansion, or simply enjoying extensive private outdoor space in a mature neighborhood. The house itself, at 1,169 sqft with an unfinished basement and an attached garage, is a functional canvas.
The property suits two main types of buyers. First, it's ideal for a practical homeowner or family who values space and potential over turn-key finishes. The large lot is a long-term asset, and the unfinished basement allows for customization. Second, it appeals to value-driven investors or builders who recognize the underlying value of the land itself, seeing the existing home as a foundation for future renovation or redevelopment. A less obvious perspective is its appeal to those seeking stability; its assessed value ranks highly on its specific street, suggesting it is a consistent performer in its immediate micro-market, even if the broader neighborhood rankings vary.
Section 2: Frequently Asked Questions
1. What is the true standout feature of this property?
Beyond the home itself, the overwhelmingly standout feature is the lot size. At over 18,000 square feet, it is substantially larger than the typical Winnipeg property, offering unparalleled outdoor potential and future flexibility.
2. The home was built in 1961. What should I consider?
While the structure has proven its durability, a home of this age will likely require updates to mechanical systems (like plumbing and electrical) and windows. The unfinished basement is a positive, as it hasn't been subject to DIY renovations and can be professionally finished to modern standards.
3. How do the ranking statistics work?
The rankings compare this property against others on its street, in the Eric Coy neighborhood, and across all of Winnipeg. They show it excels in land size city-wide, but is more average in terms of living space and newer construction within its immediate community. This indicates you are purchasing a premium lot with a modest, older home.
4. Who would this property not suit?
It may not suit buyers seeking a modern, low-maintenance home ready for immediate move-in without any projects. Those with limited interest in gardening or utilizing a large yard may not fully capitalize on its main advantage.
5. The community assessment ranking seems low. Why?
The property's assessed value ranks in the top 97% (meaning only 3% of homes are assessed lower) in the Eric Coy community. This suggests the assessor views this specific home and lot combination as modest relative to other, potentially more updated or larger homes in the wider neighborhood area. It does not necessarily reflect the property's market potential or the desirability of its location.