Property Overview
This is a 1,042 sqft condominium located in Winnipeg's established Varsity View neighbourhood. Built in 1978, it presents a practical and affordable entry point into a highly sought-after area near the University of Manitoba. Its core appeal lies in a combination of location and value. The property ranks exceptionally high for its size within its immediate community and the wider city, indicating it offers more space for the price than most comparable listings. It suits first-time buyers, investors looking for a rental property in a stable academic community, or downsizers seeking a low-maintenance lifestyle without leaving a prime location. A thoughtful perspective is that while the unit itself is a standard 1970s build, its standout asset is the land it sits on—the desirable Grant Avenue corridor—which provides lasting value beyond the interior finishes.
Key Details & FAQs
- Key Characteristics: Unit 202 at 3915 Grant Avenue. No basement, no garage. Built in 1978. 1,042 square feet of living space.
- Market Position: The property's assessed value is $206,000. Data suggests it offers notable value for its space, ranking in the top tier for size within its neighbourhood and city-wide.
- Target Buyer: Ideal for the value-conscious buyer prioritizing location over new construction, including first-time homeowners, investors, and downsizers.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings compare this property against others on its street, in Varsity View, and across all of Winnipeg. For example, ranking in the top 0-2% for size means it is larger than nearly all similar properties in the area, which is a significant advantage for a condo.
2. Is the 1978 build year a concern?
While not new, the building is from a period of solid construction. The focus for a buyer should be on the condo corporation's reserve fund study, financial health, and any recent major repairs (like roofing or windows) to understand future fee stability.
3. Who is this property not for?
It may not suit buyers seeking modern open-concept layouts, private outdoor space, or on-site parking (like a garage), as these are not indicated as features.
4. What are the benefits of the Varsity View location?
This neighbourhood offers proximity to the University of Manitoba, major transit routes along Grant Avenue, and retail amenities. It provides a quiet, established community feel with excellent accessibility.
5. Why is there no price listed, only an assessed value?
The assessed value ($206,000) is for municipal tax purposes. The actual list or sale price is set by the seller and the market. The assessment is a useful benchmark but not a guaranteed selling price.