Property Summary: 103-3907 Grant Avenue, Winnipeg
Section 1: Overview & Appeal
This is a 905 sqft condominium unit in the established Varsity View neighbourhood, built in 1978. Its key characteristic is its exceptional value position within the local market. The data indicates it ranks in the top 0-2% of properties in its immediate area for overall size, suggesting it offers more space than nearly all comparable units on its street and in the wider community. This creates a compelling proposition: a relatively spacious home in a central, mature neighbourhood at an accessible price point, with a current assessed value of $189,000.
The appeal lies in this combination of location, space, and affordability. It suits first-time buyers seeking an entry into a desirable neighbourhood without the maintenance of a house, or downsizers looking to rightsize into a manageable, single-level home while staying in a familiar and convenient area. A less obvious perspective is its potential for a buyer who prioritizes living space over modern finishes; the 1978 build date suggests a classic, functional layout that may offer more room than newer, more expensive condos with similar square footage. The lack of a garage or basement is a trade-off for the low-maintenance lifestyle.
Section 2: Frequently Asked Questions
1. What are the monthly condo fees, and what do they cover?
This is the most critical question, as fees directly impact affordability. The listing does not include this information; a buyer must obtain the condo corporation's financial statements and bylaws to understand the fee amount, what utilities or services are included, and the health of the reserve fund.
2. Why is the assessed value higher than the 2018 sale price?
The assessed value of $189,000 reflects the city's valuation for tax purposes, which considers market trends. The 2018 sale at $164,000 is a historical data point. The current market value will be determined by recent comparable sales, condition, and buyer demand.
3. What is the building's condition and any upcoming special assessments?
Given the building's age (48 years), understanding the state of major common elements like the roof, windows, plumbing, and elevators is essential. Reviewing condo meeting minutes is necessary to identify any planned major repairs that could lead to special fees.
4. How does the "top 0%" ranking work if the unit is 905 sqft?
The ranking is relative. In this specific condo building and among similar properties on Grant Avenue, this unit appears to be one of the largest available, hence its high percentile rank. Compared to all housing types (like detached homes) in Winnipeg, its square footage is naturally smaller.
5. What is the parking situation?
The listing notes no garage. Prospective buyers should clarify if there is dedicated surface parking, a rented stall, or only street parking, and understand any associated costs or permit requirements from the city.