Property Overview & Key Characteristics
3407 Grant Avenue is a classic two-storey home in Winnipeg's established Varsity View neighbourhood. Built in 1975, it sits on a standard city lot and offers 1,200 sqft of living space, including a finished basement. The home lacks a garage or pool, presenting a straightforward, low-maintenance property.
Its primary appeal lies in its location within a mature, central community, and its relative size, which ranks well above average for its specific street. The data suggests a home that is more spacious inside than many of its immediate neighbours, offering good interior utility for its footprint. The finished basement adds valuable, flexible living space.
This property would suit first-time buyers or practical-minded investors looking for an entry point into a well-located neighbourhood without the premium price of a fully updated home. It’s also a potential fit for downsizers seeking a manageable, single-family home layout without a large yard or complex upkeep. The rankings indicate it’s a competitively sized home in a local context, but one that comes with the expected maintenance considerations of a 50-year-old structure.
Frequently Asked Questions
Q: How does the "ranking" data work?
A: The percentages show how this property compares to others in the immediate area. For example, its living area is larger than 80% of homes on its street, but its assessed value is higher than 54% of them, suggesting it may offer more space per dollar on this particular block.
Q: What are the implications of a 1975 build year?
A: Homes from this era may have original components, like windows, roofing, or major systems (furnace, electrical), that are nearing or at the end of their typical lifespan. A thorough inspection is advised to budget for potential updates.
Q: The community value ranking is very low (8%). What does that mean?
A: This means the home's assessed value is higher than only 8% of properties in all of Varsity View. This could indicate it's priced at a more accessible point compared to many neighbours, but it's essential to understand why—whether it's due to lot size, condition, or specific market factors.
Q: Is the lack of a garage a significant drawback?
A: It depends on lifestyle. For some, it simplifies exterior maintenance. For others, it requires planning for street parking (checking local permits) and considering the cost of adding a shed or carport for storage/vehicle protection.
Q: What is the neighbourhood character of Varsity View?
A: It's a mature, central neighbourhood near the University of Manitoba. It typically offers a mix of long-term residents and academic affiliates, with quiet, tree-lined streets and convenient access to amenities, though specific noise or traffic can vary by street.