Property Summary: 3440 Grant Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This well-maintained 1,206 sqft bungalow, built in 1988, presents a compelling opportunity in Winnipeg's Elmhurst neighborhood. Its core appeal lies in its proven value and strong positional fundamentals. The home features a finished basement, adding functional living space. While it lacks a garage, its standout attribute is its exceptional ranking within its immediate community and the broader city, outperforming nearly all comparable homes in its specific street and neighborhood for overall desirability.

The property is ideally suited for first-time homebuyers or practical investors seeking a move-in-ready home in an established area. Its recent sale in June 2024 for $305,000, which is above its assessed value, indicates strong market recognition. A thoughtful perspective for buyers is to appreciate the value of a home that already demonstrates high demand within its micro-location, as this often translates to stability and easier resale. It’s a property that wins on the fundamentals of location and community standing rather than flashy amenities.

Section 2: Frequently Asked Questions

1. What do the ranking percentages actually mean?
They show how this property compares to others in a specific area for a given metric. For example, ranking in the "top 0%" in its community means it outperforms 100% of other homes in Elmhurst on the site's overall composite score, highlighting its strong relative standing.

2. The home recently sold for $305,000, which is above the $255,000 assessed value. Why the difference?
Municipal assessments for tax purposes often lag behind the current market. The sale price reflects what a buyer was willing to pay in the active 2024 market, suggesting attributes like its condition, specific location on the street, or interior updates are valued higher than the base assessment indicates.

3. Is the lack of a garage a significant drawback?
This depends on buyer needs. For some, it's a compromise for the location and value. The property's high rankings show that within its context, many buyers have found its overall package—including the finished basement for storage or recreation—to outweigh the absence of a garage.

4. The home is 38 years old. What should I be mindful of?
While the recent sale suggests it was in market-ready condition, a standard inspection for a home of this age is crucial. Key focus areas would be the roof, windows, and major mechanical systems (furnace, water heater), which may be nearing or past their typical lifespans.

5. The community ranking is stronger than the city-wide ranking for value. What does this suggest?
This indicates the property is considered a top-tier home within the desirable Elmhurst neighborhood itself, but its price point places it in a more competitive bracket when compared to all types of housing across the entire city. It underscores the property's local appeal.