Property Overview: 9-1056 Grant Avenue, Winnipeg
Key Characteristics & Appeal
This is a 715 sqft condominium in Winnipeg's Grant Park neighbourhood, built in 1964. Its key characteristic is its affordability, reflected in a well-below-average assessed value compared to most of the city. The unit's living space is compact—smaller than most on its street but close to the average for Grant Park condos. This presents a clear value proposition: entry into a central, established neighbourhood at a lower price point.
The appeal lies in practicality and location. It suits first-time buyers, investors, or downsizers seeking a low-maintenance lifestyle with minimal property tax overhead. Its below-average metrics are not just drawbacks; they represent an accessible foothold in a desirable area without a premium price. A thoughtful perspective is that a smaller, efficiently designed space in a great location often offers a better quality of daily life than a larger home in a less convenient area. This unit would particularly suit a pragmatic buyer who prioritizes financial efficiency and neighbourhood amenities over square footage.
Frequently Asked Questions
1. What does the "below average" ranking for Assessed Value actually mean?
It means this unit's official city assessment for property tax purposes is lower than most comparable properties. This typically translates to lower annual property taxes, which is a significant ongoing cost saving.
2. Is the living area too small?
At 715 sqft, it's compact. It's smaller than the average single-family home but is comparable to many one-bedroom or smaller two-bedroom condos. It requires efficient use of space and would suit individuals, couples, or those comfortable with a minimalist layout.
3. How does the 1964 build year affect the property?
Buildings from this era often have solid construction but may have older building systems (like plumbing or electrical). A thorough inspection is crucial to understand the condition of the unit itself and the financial health of the condominium corporation's reserve fund for major repairs.
4. The last recorded sale was in 2019. What does that price range indicate?
The listed sale range (13.5k - 16.5k) from 2019 is a reference point, but market conditions have changed. It primarily confirms the unit's history as a very affordable option. Current market value will depend on today's conditions, recent upgrades, and the unit's specific state.
5. What are the benefits of the Grant Park location?
Grant Park is a mature, central neighbourhood known for its excellent amenities, including the Grant Park Shopping Centre, parks, schools, and major transportation routes. Living here offers walkable convenience and stability.