Property Summary: 401-3941 Grant Avenue, Varsity View, Winnipeg
Key Characteristics & Appeal
This is a well-maintained, 1,042 sqft condo unit in the established Varsity View neighborhood, built in 1978. Its primary appeal lies in its exceptional location and proven stability. The property ranks in the top tier for its area, surpassing 98% of homes on its street and 100% within both the broader community and all of Winnipeg for lot size, suggesting a desirable and potentially spacious setting for a condo. While the interior space is modest, it is larger than many comparable units in the city. The recent assessed value is $216,000, with a stable transaction history showing gradual appreciation over the last several years.
This home is ideally suited for first-time buyers, downsizers, or investors seeking a low-maintenance property in a prime, mature neighborhood. It appeals to those who prioritize location over a large interior footprint and value the data-backed evidence of the property's strong standing relative to its immediate surroundings. A thoughtful perspective is that while the building itself is nearly 50 years old, its consistent value and top-tier rankings indicate a well-regarded and sustainable investment within its category, offering a sense of community and established character that newer builds may lack.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings show how this property compares to others in specific geographic areas. For example, ranking in the "top 0%" for lot size in Winnipeg means it sits on a larger parcel of land than virtually all other properties in the city database, which is a significant advantage for a condo, often translating to more green space or a less crowded feel.
2. Is there a garage or additional parking?
The listing specifies there is no garage. Prospective buyers should inquire about dedicated surface parking, visitor parking, and any associated bylaws or fees with the condominium corporation.
3. The building is from 1978. Are there concerns about major repairs or special assessments?
The age warrants a careful review of the condominium's reserve fund study and meeting minutes. The stable value history is positive, but a thorough examination of the building's financial health and any planned major projects (like roofing, windows, or elevator updates) is essential.
4. How are the property taxes estimated?
With an assessed value of $216,000, you can calculate an approximate annual tax amount by applying Winnipeg's current municipal tax rate. Your real estate agent or the city's website can provide the precise rate for an accurate estimate.
5. The last sale was in 2019. Why is that relevant?
The 2019 and 2016 sale prices ($195,000 and $193,000) provide a clear track record of the property's market value over time, showing steady, moderate growth. This history can be useful for understanding the market's perception of the unit and for financing appraisals.