204-3420 Grant Avenue

Property Overview & Key Characteristics

This 966 sqft condo unit, located at 204-3420 Grant Avenue in Winnipeg's Elmhurst neighbourhood, presents a practical and affordable entry point into homeownership. Built in 1993, its primary appeal lies in its exceptional value positioning within the broader market. The data indicates it ranks in the top tier for its size relative to both the immediate neighbourhood and the entire city, suggesting it offers more space for the price than most comparable options. Its appeal is further grounded in the building's established age, offering a settled community feel without the uncertainties of a brand-new build.

The unit would suit first-time buyers, downsizers, or value-focused investors seeking a low-maintenance lifestyle. Its strongest suit is space efficiency within a modest budget. A thoughtful perspective is that while the assessment value is on the lower end for the area, the high ranking for living space suggests a specific niche: a well-sized unit in a competitively priced building, which can be a strategic find for those prioritizing square footage over premium finishes or amenities. The absence of a garage or basement is a trade-off for the simplicity and affordability offered.

Frequently Asked Questions

1. What do the ranking percentages actually mean?
They show how this property compares to others in the immediate area. For example, ranking in the "top 0%" for size in its community means this unit is larger than 100% of comparable listings, making it a standout for space within Elmhurst.

2. Is the low assessment value a concern?
Not necessarily. It primarily reflects a lower value for municipal tax purposes. When combined with its high rankings for living space, it suggests you may be getting more square footage per dollar here than in many other units, which is a key value metric.

3. Who is responsible for exterior maintenance and repairs?
As a condo unit, the corporation is responsible for the building's exterior, common areas, and major structural elements. You would be responsible for everything within the unit's walls. Review the condo's reserve fund and bylaws for specific details.

4. What are the condo fees, and what do they cover?
This information is not provided in the raw data. You must request the current monthly condo fee amount and a detailed breakdown of what it covers (e.g., water, building insurance, grounds maintenance, contributions to the reserve fund).

5. The building is 33 years old. Should I be worried about major repairs?
This is a key consideration for any building of this age. A well-managed condo corporation will have a healthy reserve fund to plan for upcoming major repairs like roofing or elevator updates. Reviewing the most recent reserve fund study is an essential step in your due diligence.