Property Overview
4506 Grant Avenue is a distinctive property that combines generous outdoor space with a classic, well-maintained home. Its primary appeal lies in its exceptionally large, half-acre lot in the Eric Coy neighborhood, offering rare potential for privacy, gardening, or expansion within the city. The 1,362 sqft, two-storey character home, built in 1945, features a finished basement and a detached garage. While the house itself is comfortably sized and ranks well above average for its living area on the street, the standout feature is the land. The property ranks in the top 1% in Winnipeg for lot size, placing it in a unique category for buyers seeking space over new construction.
This home would ideally suit a buyer who values established neighborhoods, appreciates the character of an older home, and has a vision for utilizing expansive outdoor space—whether for family activities, extensive landscaping, or future projects. It’s a practical choice for those comfortable with a home of its era, as the age of the structure is reflected in its lower ranking for "newness" within the community. The high assessment value relative to the area suggests the property is a significant asset in its locale.
Frequently Asked Questions
1. What does the high lot size ranking actually mean?
It means the property's 21,831 sqft lot is larger than 99% of all residential lots in Winnipeg, offering an unusual amount of private outdoor space for the city.
2. The house was built in 1945. What should I consider?
While the home has been maintained and the basement is finished, buyers should anticipate the potential for updates to systems, insulation, or windows consistent with its era, as reflected in its low "newness" ranking locally.
3. How does the assessment value compare to the likely asking price?
The municipal assessment of $404,000 is in the top 5% on its street and top 34% city-wide, indicating the property is officially valued well above average. Market price will be influenced by this, the unique lot, and current conditions.
4. Is the detached garage a standard size?
The listing specifies a "split garage," which typically means a two-car garage separated by a wall or column. Given the scale of the property, it likely offers ample storage or workshop space.
5. The community rankings are mixed. What's the neighborhood like?
The property ranks highly for lot size and living area but lower for building age within Eric Coy. This suggests a mature, established neighborhood with a mix of home ages and sizes, where this property stands out for its land rather than a modern build.