Property Overview: 203-1030 Grant Avenue
Key Characteristics & Appeal
This is a 633 sqft condo in Winnipeg's established Grant Park neighbourhood, built in 1970. Its primary appeal lies in affordability and location, presenting a practical entry point into a desirable area. The assessed value ($15,100) is notably below the average for both the street and the city, suggesting a lower property tax burden and an accessible price point. While the living space is compact, it ranks more favorably within the immediate Grant Park area, indicating the unit's size is more typical for this specific condo market.
The property would best suit first-time buyers, investors, or downsizers prioritizing location and fiscal efficiency over space. It’s a pragmatic choice for someone seeking the amenities and convenience of Grant Park without a premium price tag. A less obvious perspective is its potential appeal to an investor, as its below-average costs could allow for competitive rental pricing while still capitalizing on the neighbourhood's demand. The data shows it's one of the newer buildings in Grant Park, which may imply fewer immediate major renovation concerns compared to older stock in the area.
Frequently Asked Questions
1. What does the ranking data for "Living Area" actually mean?
While the 633 sqft size is below average for the city overall, it's closer to the norm for condos in Grant Park specifically. This suggests you're buying a typically-sized unit for this type of property in the neighbourhood, not an outlier.
2. Why is the assessed value so much lower than the city average?
The assessed value is used for calculating property taxes and is influenced by factors like unit size, building age, and market trends. Its below-average value here is consistent with the unit's smaller square footage and can result in proportionally lower annual property taxes.
3. How old is the building, and should I be concerned?
The building was constructed in 1970. While this means major components like the roof, windows, and plumbing may be due for updates or have recently been replaced, the building is considered newer than most in the Grant Park area, which is a relative positive.
4. Are there recent sale prices available for this exact unit?
Exact sold price history is not publicly displayed. Available data indicates a sale occurred in July 2017 within a broad price range. For precise historical sale figures, a direct request must be made to the listing service.
5. What are the monthly condo fees, and what do they cover?
This information is not provided in the available data. This is a critical question to ask the listing agent, as fees can significantly impact the total monthly cost and cover essential items like building insurance, maintenance, and reserves.